All prices in USD
$85,000
  • Avg. revenue /month
    $1,840
  • Avg. sessions /month63
  • Avg. profit /month
    $2,382
  • Inventory value
    $40,000

Business Story

Why this business was started

While working a summer position in the wardrobe department of Cirque du Soleil, several performers noticed the jewelry I was making as a hobby and inquired about purchasing their own. This was the initial spark that ignited the company. When I moved back to Southern California, I slowly started to sell more and more pieces. After picking up my first few stores, it was time to make it official.

The reason of selling this business

Business grew exponentially between 2007-2017. In 2017, I was met with my greatest challenge when my son was diagnosed with Acute Lymphoblastic Leukemia at age 4. I was fortunate to have my team at the time run the business as usual for the remainder of the year, finishing 2017 with our highest revenue yet. Treatments are still ongoing and without being able to invest the same amount of time and energy into growing the business as I once had, I scaled back on employees while considering next steps. The company continues to gain new accounts (even in recent weeks) and have retained accounts for many years. I am ready to move onto the next chapter of my life and pass this on to someone who can take it to it's full potential. The systems and clients are there and ready for someone to step in, seamlessly.

What's involved in running this business

Designing new collections Assembly jewelry Order fulfillment/Shipping Ordering supplies Updating web stores Communicating with accounts Social Media

Included in sale are Recipe Binders of all previous pieces and a full Operations Manual

This business was founded: over 2 years ago
Time to run this business: approximately 20 hours per week

Traffic and Performance

  • Avg. revenue /month
    $1,840
    Verified
  • Avg. sessions /month63Verified
  • Avg. profit /month
    $2,382
  • Inventory value
    $40,000
  • Profit Margin45%
  • Avg. sales /month33
Other details about profit: Revenue is generated through multiple sales channels. Total revenue has been between 100K-300K/year in recent years. Calculations are based on owner run business with rent at $400/month. If owner run (less services such as bookkeeping, etc) or with part time help, net profits are between $48K-120K. Profits can increase if the business is run out of your home. This web store is our password protected site for wholesale trade only. Other revenue generators include: Shopify Direct to consumer site Faire (wholesale platform) Wholesale Orders via phone, email, etc Japan Distributor Profit Margins on products are about 77% direct to consumer and 38% wholesale Net profit depends greatly on how much or little owner involvement there is.
Total revenue
  • $58,866
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 2,027Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $30
      /month
    • Inventory warehouse
      $0
      /month
    • Domain
      $120
      /year
    • Dropbox, Apple, Paypal, Shopify, Google
      $93
      /month
    • MPR/CRM software and photo editing/layout software
      $102
      /month
    • Standard Office Supplies, (Rent if applicable, can be home based)
      $200
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Can be transferred digitally via Dropbox. •Branding Guide Full branding package and elements Logo in multiple formats Backgrounds- 2 Patterns - 2 + formats Floral Element Package (pattern, clusters, frames) Elements - 2 Fonts- 3 (Script, Bold Serif, Sans Serif) Colors 
 •Branding Templates Easily editable jewelry carding Easily editable birthday jewelry carding Easily editable RTW carding All access to marketing materials Files for current and past jewelry carding and marketing, editable
    • Personal support after sale

      Initial phone or zoom meeting to walk through business operations. (If local, within 25 miles this can be in person). For the first month, will provide phone and email support weekly, to walk through all operations and procedures as well as client questions and background and available to answer emailed question throughout the week. Will be available for email questions for an additional month, for a total of 60 days to transition. Please note, I will not train on jewelry making but can give tips on any pieces there are questions about. An operations manual included in the sale.
    • Domain

    • Product photos

      Can be transferred digitally
 via Dropbox. Linesheet and Catalog files and templates ~3500 photo library of jewelry on editorial ready white backgrounds -Editorial photos from 2015-2019 

    • Social media

    • Suppliers

      •Manufacturing Parts Vendors  Vendor accounts established with ~ 50 Access to competitively priced Jewelry Supplies,  Direct relationship with Swarovski Crystals 
•Factory Relationships- Established (plating, soldering, casting) •Display Vendors Relationships with 2 international vendors for competitively priced branded display and packaging
    • Mailing List

      1,700subscribers

    Seller‘s Advice

    How to grow this business

    A passionate individual could grow this business exponentially over the next 5 years. With more retail store buyers interested in online shopping, I would recommend focusing on the wholesale platforms we have already established- both our own wholesale Shopify site and the independent websites that cater to retail stores. We have opened more new accounts online in the past year than in person which not only makes reaching all parts of the country easier but also more affordable than trade shows and traveling, so your profit is higher. Included in the sale is our direct to consumer website which generates about 10% of revenue with room to grow. Social media is a great tool for sales and I would recommend utilizing these platforms to boost revenue and they have not yet been used to their full potential. Our direct to consumer Shopify store is already integrated with Facebook and items can be purchased directly from Instagram. We are already set up with Amazon FBA, which is weeks of work, if a buyer was interested in adding that sales avenue. Another great resource is our contact list (FabFitFun, TJMaxx, REVOLVE) and I would recommend making connections with the hundreds of accounts we have worked with over the years to reestablish relationships. An exciting benefit of this business is that an owner can cater the business to fit their lifestyle and needs. Flexibility and an intimate work environment are both currently in high demand and this company can be run out of a private studio or your own home.

    Skills to have

    The skills needed can vary depending on what or how much one wants to outsource, either to an employee or contractor. Depending on volume, the company can be run by a single person or by a small team. Assuming it is owner only run, the skills needed would be: -Creativity, Basic Jewelry Design or desire to design (formal training not necessary) -Basic Jewelry Assembly- No metal smithing, soldering, benchwork skills needed. -Computer literate, basic administration -Comfortable with online selling platforms -Some knowledge of wholesale/retail industry helpful. Business comes with full branding guide and library of jewelry photos additional design or photography can be outsourced or done in house. Any of the above can be outsourced.  

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