Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Listed by:

ProNova Partners

Broker license number: 01820673

Premier Gold, Coins, & Valuables Dealer In Chicago For Sale

Chicago, Illinois, US
Asking Price:
On request Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$12,500,000
Cash Flow:
$1,685,000

Established in 2008, this company is dedicated to providing customers with fair market valuations for their cherished items, including rare coins, various precious metals, and a range of collectibles. With four retail locations in Chicago, they pride themselves on exceptional customer service and a methodical appraisal system that cultivates customer trust and minimizes risk, thereby protecting their profit margins. The company's success stems from a consistent, high-standard purchasing protocol, making it a reputable choice for converting treasured assets into fair market value.

Since 2015, the company’s strategic initiatives have spurred consistent growth, distinguishing itself as an innovative leader in the coin-dealing industry and possibly being the only one in the U.S. to venture beyond a single retail location. Its commitment to integrating technology has positioned the company to capture the online bullion market and expand its brick-and-mortar footprint throughout the Chicago area, signaling its readiness to transcend traditional business models. By implementing efficient systems, establishing a robust online presence, embracing CRM, and engaging in dynamic marketing, the company is on the threshold of unlocking new lucrative revenue channels, underpinning its goal to not only grow but to dominate its sector.

The NDA is required to secure a comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Property Information

Premises Details:

Four (4) physical locations in the Chicago area, each with approximately 1,000 sq. ft. in space

Business Operation

Expansion Potential:

Plenty of growth opportunities exist for the Company as over the past few years, the Company has undergone substantial operational upgrades including the creation of a bespoke database for orders, and the thorough documentation of its internal processes, significantly boosting efficiency. Currently, the company is preparing to launch a strategically developed online bullion store integrated with advanced API for seamless order fulfillment and risk management, complemented by a new CRM system designed to enhance lead tracking and management, setting the stage for an expansion in growth and operational capacity.

Competition / Market:

In the gold retail industry of the Chicago area, the Company stands out with its four strategically placed stores, showcasing a commanding presence unmatched by the thirty or so other retailers in the region. Its significant impact and substantial customer base solidify its leading status, with a market reach and commitment to the business that many competitors simply do not demonstrate.

Reasons for selling:

The Seller would like to retire and possibly move out of the country once the business is sold. He also has young children and would like to dedicate his time and energy to them.

Employees:
17
Years established:
16

Other Information

Support & training:

The Seller is willing to help with training the Buyer and assist with the transition of the Company for a period of 3 months post-closing; number of hours weekly TBD.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

TBD if structure and terms are acceptable.

Furniture / Fixtures value:
$255,000 - included in the asking price
Inventory / Stock value:
$2,800,000 - included in the asking price

Listed by

ProNova Partners

Broker license number: 01820673

View 110 ProNova Partners listings