AE033-Semi Precious Costume Jewellery Wholesaler
Business for sale
Asking Price:
£0
Turnover:
£500,000
Annual profit:
Less than 25k
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Sole trader
Business description
Having lived in Thailand for some years, the vendors started this business as a small concern in 2002, sourcing exclusive and all hand strung pieces of semi precious costume jewellery, from contacts made in Thailand. Since then they have experienced steady growth year on year and currently supply over 1,000 shops including the duty free chain and are still expanding into new markets and regions. The company attends major trade shows and have a permanent and regular exhibition stand every year at the main industry trade show.This company has been built not only with knowledge in jewellery manufacturing, but also in the wholesale and retail markets and has gained its reputation through honesty and with high quality jewellery provided at a price whereby their customers can make an excellent profit on the goods they re-sell.
In addition the business makes even more profits by operating some direct sales as well. This accounts for approximately 25% of their turnover with the wholesale side accounting for the remaining 75%.
The range of semi precious jewellery has grown from just a few items to a large catalogue range that includes their own brand and some exclusive brands, all hand strung pieces, still primarily sourced from Thailand. The company maintains excellent supplier relations and will pass on all details of suppliers, indeed they are prepared to continue in the sourcing of the products if required.
