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Precious Metals Dealership for Sale

Colorado, United States
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Asking Price$521k
Revenue$9.72m
EBITDA$74k
Cash Flow$189k
Description
This company was founded in 1985, and the owner is a tenured member of the American Numismatic Association since 2001. The business brokers precious metals to clients through on-line portals provided by the leading wholesalers in the country. Commodities include gold, silver, platinum, and palladium coins, and various gold, silver, platinum, and palladium bars in assorted weights up to 100 troy ounces. These products originate from the U.S. and all over the world. The customer base consists of the public and includes people ranging in age from 25 to 90 years old. Most customers are located regionally, but many exist in neighboring states. Their financial resources vary widely. Clients may be purchasing and/or selling their precious metals. The business utilizes sophisticated specialty equipment to verify the authenticity of all precious metals involved in all transactions. Transactions are typically conducted in the office by appointment, to ensure exceptional customer care. The business offers a face-to-face 90-minute Precious Metals course to new buyers. In this session, a hands-on introduction is conducted using samples of items. Current pricing and availability are discussed. This session assists clients in the decision to buy precious metals. Most will place an order at that time. Some choose to review the handouts provided and will return later to invest.
Furniture Fixtures & Equipment
$5k
Inventory
$67k
Number of EmployeesFull-Time: 1
Year Established
1985
Reason Selling
Retirement
Facilities & Assets
428 sq ft office space is leased.
Support & Training
Owner will stay full time for 2 months. After this transition period will remain available on an as needed basis for a smooth transition.
Market & Competition
This is one of only a few companies of its kind in the region. It has been in business for nearly 40 years. Clients are extremely loyal and count on the expertise of this dealer to guide them.
Growth Opportunities
This business would benefit from a web page that facilitates on-line purchases. Additionally, more extensive advertising would attract more clients to the precious metals market. Today precious metals are a common addition to wealth building portfolios.
Asking Price$521k