Semi-Absentee High Margin Costume Jewelry Biz! 100% Online Sales!

Name: Semi-Absentee High Margin Costume Jewelry Biz! 100% Online Sales!
Brand: Transworld Business Advisors
Price: 550000 USD
Availability: InStock

Listing Number: 189597-623892

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Listing Details

Price: $550,000

Location: Nassau County, New York

Down Payment: $200,000
Sales: $753,000
Seller's Discretionary Earnings: $200,000
Inventory: $54,000
Furniture, Fixtures, and Equipment: $25,000
Rent: $5,600
Employees: 2
Year Established: 2006
Reason for Selling: Retirement

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Business Description

This 20 year old costume jewelry business runs itself! They started out selling department stores and brick and mortar fashion retail chains and now sell 100% online through various retail partnerships including Macy's, Nordstrom's, Rue La La and their own website. They have longstanding relationships with two manufacturers in China that produce all the product. The owner is not involved in any of the day to day operations - she only gets involved with the design of new product each season. Most items are produced at $9 or less and sell wholesale for $39-$99 a piece. 90% of the business is done with 5 retailers which leaves a tremendous opportunity for growth for the new owners. The owner is retiring and moving to Florida where she already spends a significant amount of time.