Successful Internet Jewelry E-Tailer
www.GlobalBX.com
Listing ID:
700196315
Listing Title:
Successful Internet Jewelry E-Tailer
Quick Link:
http://www.globalbx.com/listing.asp?bId=196315
Industry:
Technology – Internet Related
Industry Segment:
E-Commerce and E-Tailers
Country:
United States
State / Province:
New Jersey
Area
City:
Asking Price Range:
$5.0M - $10.0M
Gross Revenues:
$7,500,000
Cash Flow:
$1,000,000
Cash Flow Type:
EBITDA
Year Established:
1983
Number of Employees:
6 - 9
Business Description:
The Company started more than 30 years ago as a family-owned jewelry shop in the northeastern US. After having owned and operated multiple retail bricks and mortar locations around the area for years, the Company launched its first e-commerce website in late 1999. By carefully selecting top quality and cutting edge fashion jewelry lines, the Company has positioned itself as a specialist in the marketing of quality charms for bracelets and necklaces. By leveraging state-of-the-art search engine optimization tools and other e-commerce marketing technologies, the Company web sales have exploded with over 2.8 million visitors and almost 70,000 sales transactions last year. Growing at 35% per year over the last five years, the Company remains both highly profitable and fast growing with no slowdown expected over the next few years. With 99% of all sales now conducted through the Company's website, the Company has reduced its brick and mortar retail footprint to just one location which also doubles as the Company's e-commerce operations headquarters.
By properly managing the Company's 30,000 piece collection and continuing to seek the best in new, exciting fashion jewelry lines to offer it growing customer base, the Company will shortly become the ''go-to'' website for the best in charms and quality jewelry. Further, the Company will continue to invest significant resources in identifying and integrating the best-of-class internet marketing tools as they become available. In addition to specializing in high quality charms, the Company also markets rings, necklaces, bracelets, earrings, watches and other jewelry products. The Company also provides services that include gift wrapping, etching and engraving, charm attachment, charm conversion and custom designing
Retiring owner will help with transition.
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