NYC Diamond Wholesaler, Est. 1940s
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Asking Price
$975,000
Detailed Information
Business Description
Established in the 1940s, this prestigious New York City jewelry wholesaler has been a trusted supplier of high-quality diamonds and luxury jewelry for over 75 years. The owners are looking to retire, presenting a unique opportunity for someone to take over and continue the legacy while expanding into new markets. Operating from a prime location in a high-traffic area, the business benefits from favorable rental terms and maintains a valuable inventory of approximately $3,000,000 worth of diamonds and jewelry sourced from trusted suppliers. Boasting a legacy of superior products and exceptional customer service, this business has a strong reputation in the luxury jewelry industry. With a solid financial standing, the company generates a Seller’s Discretionary Earnings (SDE) of $393,000 and gross sales of $1,695,000 annually. The opportunity includes a seasoned global salesperson and a long-term assistant, ensuring a smooth transition and continuity of strong client relationships under new ownership. The high-value inventory, offered at