Jewelry MFG Shop investment 40% Return - $3,000 (long island)

About me My name is Ricardo Castro, I currently live in Garfield NJ.
After my honorable discharge from the United States Marine Corps, I started a job at Alarama jewelry, a large jewelry manufacturing company with a very large list of contracts with the top jewelry retailers such as Macys, JCPenney,Zales, Gordon’s jewelers, and many many more.
In my time with Alarama, i implemented an incentive program for all direct labor employees.
We went from 65 direct labor employees down to 36 and increased production by 30%.
I left Alarama jewelry after 5 years to start my own jewelry contracting shop.
It was a one man shop until I was able to hire a part time polisher, within 6 months and a lot of hard work a had a 18 man shop 6 polishers 1 lapper 1 jeweler 4 diamond setters 2 washout / rhodium girls 2 quality control 1 clean up / delivery guy I have had shops in 21st Long Island City (2001)moved to 5w 45th street in the Diamond District in 2005 and to 7w 46th street in the Diamond District in 2007 Looking to take advantage of the lower labor rates and to increase my profits, I opened a bigger shop in the Dominican Republic I made some major mistakes along the way, the shop only lasted about 1 yr and everything I worked for came crashing down The most costly mistake was to close down the shop in the US.
This was an error that wasn’t easy to overcome, we did not have a local US based shop to take care of repairs.
We couldn’t take small orders because there was no way to expedite or offer a turn around time less that at least 7 days.
The work force in the Dominican Republic wasn’t familiar with our line of work, this made completing orders on time very difficult and repair returns very high.
Little by little we lost the confidence of our clients and within 1 year we had a 60 man shop that was 80% trained but we had very little work and I ran out of money.
I was bitter and burnt out with the jewelry industry and left the trade.
I opened an iPhone repair shop in NYC (Just repairs) wich turned to a MacBook repair shop ( MacBook Repair NYC) MacBook repair shop was very successful until the Covid shut down.
I poured money into the computer repair shop for about 1 year, it did not make a difference, I shut the shop down.
All this time at home got me thinking about the jewelry trade and how profitable it is.
Here is the breakdown About the shop Small shop with 5 polishers and 1 lapper The average jewelry polishing station with steady work will put out around 12 pounds of (sweeps) recyclable material a month- the average lapping station will put out around 20 pounds of sweeps per month The six stations will put out around 70 pounds of recyclable material per month The break down Working on 10k and 14k mixed gold.
1 pound of sweeps “ recyclable material left after polishing “ will yield 6 to 7 penny weights of 24k gold Working on 14k gold only.
1 pound of sweeps will yield 10 to 12 pennyweights of 24k gold The math 1 ounce 24k gold $2036 1 pennyweight of 24k gold $101.
8 There are 20 pennyweights in 1 Troy ounce 1 polishing station will yield around 12 pounds of sweeps per month 6 polishing stations will produce 72 pounds of sweeps per month 6 polishing stations x 12 pounds each per month 6x12 = 72 pounds of sweeps per month 72 pounds of sweeps will yield around 432 pennyweights of 24k gold at 6 pennyweights per pound 72 x 6 = 432 pennyweights 24k gold per month 432 : 20 = 21.
6 ounces of 24k gold 21.
6 x 2036 = $43,977 per month in sweeps!!! Expected return We expect to see an average of 20 ounces of gold per month.
During the season it will be higher “July, August, September,October,November “ and lower the rest of the remaining months How the investment works Your investment is actually buying a percentage of the shop gold sweeps returns, you will get monthly payments until you have received your initial investment plus the 40% return on investment.
Sweeps will be sent out monthly.
we usually have assay results next day and 24k gold ingots or cash in two days minus labor fees.
The investment Your investment money is going to be used for equipment and operating capital.
You will get 40% returns on your initial investment.
The goal is to return your investment plus returns in one year You will get monthly payments until your initial investment and 40% returns are paid in full Cost $3,000 for every percentage point of gold returns If you invest in 15% =$45,000 You will get back $63,000 $45,000 initial investment $18,000 40% returns $63,000 total $3000 gets you rights to 1% of the net refined gold.
You can buy as many percentage points you want.
You will receive the corresponding % of the shop sweeps returns, until you receive your full initial investment plus 40% 3000 + show contact info We expect the shop to produce an average of about $40,000 in refined gold per month, 1% of 40,000 is $400 Should take about 1 year to recover the initial investment plus the 40% profit Thanks for your time If you have additional questions or concerns, leave your number and I will call you Thanks