This home based jewelry business is unique no one else is using this process for jewelry, according to the owner. It is truly an exclusive product. The product is sold wholesale through over 300 dealers and the owners also sell at retail shows.
The product is quality made fashion jewelry where the cost of sales is low but the process to produce it will involve some training. The seller is committed to provide the new owners training and consultation to insure the businesses success. The new owner must be artistic, and even though not degreed, must have the ability to learn the process.
The owner wants to pursue writing on a full time basis. He plans to continue to do porcelain work on a part time basis to fund his writing, although not in jewelry.
The owners have accumulated a large inventory of finished jewelry that they intended to use for their retirement. Now that they are selling the business the inventory must be sold to comply with a non-compete agreement with the new owners.
The $52,500 of finished goods inventory has a value on a wholesale basis of approximately $175,000. In addition to the finished goods inventory there is approximately $7,940 in findings to be added to the purchase price.
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