Retail Cash For Gold
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $325000
Net Profit / Cash Flow $95000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2009
Number of Employees 1 - 3
Inventory 450000 Equipment Only
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training The seller will supply a full transitional period and remain post closing for training.
Reason for Sale The seller has an alternative business not in this industry.
Description Retail gold & coin exchange business located in Mercer County, New Jersey with a yearly net income of $95,000. Whether you are buying or selling, big or small, their reputation is dependable and professional. Their service to their customers is quite simple; they exchange gold and silver for cash at the market price and immediately exchange it for a profit. The business has a consistent gross income of $325,000 and a solid net income to the operator. Their success and reputation have been built from long and fruitful relationships with clients. As a result of their clients' trust, 50% of their business is from repeat clients and referrals from existing clients. In today's world of currencies, buying gold coins still answers the need for sound money, as it has for thousands of years. Bullion coins have a proven ability to protect wealth and preserve one's purchasing power, and gold & silver coins offer divisible size and are universally acceptable in a recognizable form. This makes the purchase of gold coins and the selling of gold coin convenient through reputable coin dealers. Millions of dollars in transaction volume is proof that the company offers competitive gold coin prices and is the preferred source for the purchase of coins. The business is available with training and seller will finance the sale to a qualified buyer. The facility is in a modern store front in a commercial mall and consists of 1,500 square feet setting with private parking as part of the lease agreement.
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