{"product_id":"bullion-dealing-owner-makes","title":"How Much Can a Bullion Dealing Business Owner Make? $92K to $554M EBITDA","description":"\u003cbr\u003e\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"line_top\"\u003e\u003c\/div\u003e\n\u003cp\u003eYou’re dealing in high-ticket gold, silver, and platinum, so sales can look huge before owner pay is real This five-year model shows \u003cstrong\u003e$1109M to $66092M in annual revenue\u003c\/strong\u003e, \u003cstrong\u003e$92K to $55388M in EBITDA\u003c\/strong\u003e, Month 4 breakeven, and a \u003cstrong\u003e$654K minimum cash need\u003c\/strong\u003e It excludes tax advice, metals price calls, and guaranteed distributions\u003c\/p\u003e\n\n\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\" id=\"main_article_image\"\u003e\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003csection class=\"fml-owner-metric-cards\" aria-label=\"Bullion dealing model\"\u003e\u003cdiv class=\"metric-grid\"\u003e\n\u003carticle class=\"metric-card is-green\"\u003e\u003cspan class=\"metric-icon-tip\" tabindex=\"0\" data-tooltip=\"Year 1 to Year 5 EBITDA is the owner-pay proxy; cash still has to cover the $654K minimum by Month 6.\"\u003e\u003cimg class=\"metric-icon\" src=\"\/cdn\/shop\/files\/fml-owner-income-kpi-owner-income.svg\" alt=\"Owner income icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003eOwner income\u003c\/span\u003e\u003cstrong class=\"metric-value\" tabindex=\"0\" data-tooltip=\"Year 1 to Year 5 EBITDA is the owner-pay proxy; cash still has to cover the $654K minimum by Month 6.\"\u003e$92K–$55.4M\u003c\/strong\u003e\u003c\/article\u003e\u003carticle class=\"metric-card\"\u003e\u003cspan class=\"metric-icon-tip\" tabindex=\"0\" data-tooltip=\"EBITDA margin from Year 1 to Year 5, using modeled revenue and EBITDA; this is not cash after inventory or reserves.\"\u003e\u003cimg class=\"metric-icon\" src=\"\/cdn\/shop\/files\/fml-owner-income-kpi-net-margin.svg\" alt=\"Net margin icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003eNet margin\u003c\/span\u003e\u003cstrong class=\"metric-value\" tabindex=\"0\" data-tooltip=\"EBITDA margin from Year 1 to Year 5, using modeled revenue and EBITDA; this is not cash after inventory or reserves.\"\u003e8%–84%\u003c\/strong\u003e\u003c\/article\u003e\u003carticle class=\"metric-card\"\u003e\u003cspan class=\"metric-icon-tip\" tabindex=\"0\" data-tooltip=\"Year 5 revenue supports the top modeled owner pay; it is a planning target, not a guaranteed payout.\"\u003e\u003cimg class=\"metric-icon\" src=\"\/cdn\/shop\/files\/fml-owner-income-kpi-revenue-target.svg\" alt=\"Revenue for target pay icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003eRevenue for target pay\u003c\/span\u003e\u003cstrong class=\"metric-value\" tabindex=\"0\" data-tooltip=\"Year 5 revenue supports the top modeled owner pay; it is a planning target, not a guaranteed payout.\"\u003e$66.1M\u003c\/strong\u003e\u003c\/article\u003e\u003carticle class=\"metric-card\"\u003e\u003cspan class=\"metric-icon-tip\" tabindex=\"0\" data-tooltip=\"Hard because the plan needs heavy inventory cash, security, and compliance, plus a $654K cash trough by Month 6.\"\u003e\u003cimg class=\"metric-icon\" src=\"\/cdn\/shop\/files\/fml-owner-income-kpi-business-difficulty.svg\" alt=\"Business difficulty icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003eBusiness difficulty\u003c\/span\u003e\u003cstrong class=\"metric-value\" tabindex=\"0\" data-tooltip=\"Hard because the plan needs heavy inventory cash, security, and compliance, plus a $654K cash trough by Month 6.\"\u003eHard\u003c\/strong\u003e\u003c\/article\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWant to test your bullion dealer profit?\n\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-owner-calculator\" aria-label=\"Bullion Dealing Business Owner Income Calculator\" data-locale=\"en-US\" data-currency=\"USD\" data-default-scenario=\"base\" data-export-filename=\"Bullion Dealing Business Owner Income Calculator.xlsx\" data-source-site-name=\"Financial Models Lab\" data-source-site-url=\"https:\/\/financialmodelslab.com\" data-source-page-title=\"Bullion Dealing Business Owner Income Calculator\" data-note-title=\"Planning note:\" data-note-text=\"Research-based planning estimate only. Actual owner income can change with sales mix, costs, reserves, debt, taxes, and owner draws; it is not guaranteed salary, tax advice, or owner distribution advice.\"\u003e\u003cdiv class=\"fml-owner-card\"\u003e\n\u003cheader class=\"fml-owner-header\"\u003e\u003cdiv class=\"fml-owner-heading\"\u003e\n\u003cp class=\"fml-owner-eyebrow\"\u003eOwner income calculator\u003c\/p\u003e\n\u003cp class=\"fml-owner-intro\"\u003eEstimate owner take-home and target-pay gap from monthly bullion sales, margin, costs, reserves, and target pay.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-scenarios\" aria-label=\"Income scenario presets\"\u003e\n\u003cbutton class=\"fml-owner-scenario\" type=\"button\" data-scenario=\"low\"\u003eLow\u003c\/button\u003e\u003cbutton class=\"fml-owner-scenario is-active\" type=\"button\" data-scenario=\"base\"\u003eBase\u003c\/button\u003e\u003cbutton class=\"fml-owner-scenario\" type=\"button\" data-scenario=\"high\"\u003eHigh\u003c\/button\u003e\n\u003c\/div\u003e\u003c\/header\u003e\u003cdiv class=\"fml-owner-layout\"\u003e\n\u003cform class=\"fml-owner-inputs\"\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eMonthly revenue\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Average monthly bullion sales collected before expenses. Use an operating-month average, not a peak month.\"\u003ei\u003cspan role=\"tooltip\"\u003eAverage monthly bullion sales collected before expenses. Use an operating-month average, not a peak month.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"monthlyRevenue\" data-owner-kind=\"money\" data-owner-label=\"Monthly revenue\" data-owner-note=\"Average monthly bullion sales collected before expenses. Use an operating-month average, not a peak month.\" data-low=\"92417\" data-base=\"802083\" data-high=\"5507667\" name=\"monthlyRevenue\" type=\"text\" inputmode=\"numeric\" value=\"802,083\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eGross margin\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Percent left after bullion acquisition cost and insured shipping.\"\u003ei\u003cspan role=\"tooltip\"\u003ePercent left after bullion acquisition cost and insured shipping.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-percent\"\u003e\n\u003cinput data-owner-field=\"grossMargin\" data-owner-kind=\"percent\" data-owner-label=\"Gross margin\" data-owner-note=\"Percent left after bullion acquisition cost and insured shipping.\" name=\"grossMargin\" type=\"range\" min=\"0\" max=\"100\" step=\"1\" data-low=\"83\" data-base=\"84\" data-high=\"85\" value=\"84\"\u003e\u003coutput\u003e84%\u003c\/output\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eLabor cost\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly payroll and staffing cost before owner pay.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly payroll and staffing cost before owner pay.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"laborCost\" data-owner-kind=\"money\" data-owner-label=\"Labor cost\" data-owner-note=\"Monthly payroll and staffing cost before owner pay.\" data-low=\"32500\" data-base=\"43750\" data-high=\"66250\" name=\"laborCost\" type=\"text\" inputmode=\"numeric\" value=\"43,750\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eFixed overhead\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly rent, data feeds, platform, security, and insurance before marketing.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly rent, data feeds, platform, security, and insurance before marketing.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"fixedOverhead\" data-owner-kind=\"money\" data-owner-label=\"Fixed overhead\" data-owner-note=\"Monthly rent, data feeds, platform, security, and insurance before marketing.\" data-low=\"23500\" data-base=\"23500\" data-high=\"23500\" name=\"fixedOverhead\" type=\"text\" inputmode=\"numeric\" value=\"23,500\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eMarketing\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly marketing and customer acquisition spend.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly marketing and customer acquisition spend.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"marketing\" data-owner-kind=\"money\" data-owner-label=\"Marketing\" data-owner-note=\"Monthly marketing and customer acquisition spend.\" data-low=\"8000\" data-base=\"8000\" data-high=\"8000\" name=\"marketing\" type=\"text\" inputmode=\"numeric\" value=\"8,000\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eDebt service\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly loan or financing payment tied to the business.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly loan or financing payment tied to the business.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"debtService\" data-owner-kind=\"money\" data-owner-label=\"Debt service\" data-owner-note=\"Monthly loan or financing payment tied to the business.\" data-low=\"0\" data-base=\"0\" data-high=\"0\" name=\"debtService\" type=\"text\" inputmode=\"numeric\" value=\"\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eTax reserve\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Percent of profit set aside before owner take-home.\"\u003ei\u003cspan role=\"tooltip\"\u003ePercent of profit set aside before owner take-home.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-percent\"\u003e\n\u003cinput data-owner-field=\"taxReserve\" data-owner-kind=\"percent\" data-owner-label=\"Tax reserve\" data-owner-note=\"Percent of profit set aside before owner take-home.\" name=\"taxReserve\" type=\"range\" min=\"0\" max=\"45\" step=\"1\" data-low=\"18\" data-base=\"24\" data-high=\"28\" value=\"24\"\u003e\u003coutput\u003e24%\u003c\/output\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eReinvestment reserve\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Percent of profit kept for growth, working capital, and risk buffer.\"\u003ei\u003cspan role=\"tooltip\"\u003ePercent of profit kept for growth, working capital, and risk buffer.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-percent\"\u003e\n\u003cinput data-owner-field=\"reinvestmentReserve\" data-owner-kind=\"percent\" data-owner-label=\"Reinvestment reserve\" data-owner-note=\"Percent of profit kept for growth, working capital, and risk buffer.\" name=\"reinvestmentReserve\" type=\"range\" min=\"0\" max=\"35\" step=\"1\" data-low=\"5\" data-base=\"10\" data-high=\"14\" value=\"10\"\u003e\u003coutput\u003e10%\u003c\/output\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-row\"\u003e\n\u003clabel class=\"fml-owner-label\"\u003e\u003cspan\u003eTarget owner pay\u003c\/span\u003e\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly owner income goal used to measure the target-pay gap.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly owner income goal used to measure the target-pay gap.\u003c\/span\u003e\u003c\/span\u003e\u003c\/label\u003e\u003cdiv class=\"fml-owner-money\"\u003e\n\u003cspan\u003e$\u003c\/span\u003e\u003cinput data-owner-field=\"targetOwnerPay\" data-owner-kind=\"money\" data-owner-label=\"Target owner pay\" data-owner-note=\"Monthly owner income goal used to measure the target-pay gap.\" data-low=\"8000\" data-base=\"12000\" data-high=\"20000\" name=\"targetOwnerPay\" type=\"text\" inputmode=\"numeric\" value=\"12,000\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/form\u003e\n\u003caside class=\"fml-owner-results\" aria-live=\"polite\"\u003e\u003cspan class=\"fml-owner-tag\"\u003eOwner income output\u003c\/span\u003e\u003cdiv class=\"fml-owner-metrics\"\u003e\n\u003cdiv class=\"fml-owner-metric is-primary\"\u003e\n\u003cspan class=\"fml-owner-metric-label\"\u003eOwner Income\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly take-home after tax and reinvestment reserves.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly take-home after tax and reinvestment reserves.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cstrong data-owner-output=\"monthlyOwnerIncome\"\u003e$395K\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-metric\"\u003e\n\u003cspan class=\"fml-owner-metric-label\"\u003eNet Margin\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Owner income divided by monthly revenue.\"\u003ei\u003cspan role=\"tooltip\"\u003eOwner income divided by monthly revenue.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cstrong data-owner-output=\"netProfitMargin\"\u003e49%\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-metric\"\u003e\n\u003cspan class=\"fml-owner-metric-label\"\u003eRevenue for Target Pay\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Monthly revenue needed to support the target owner pay.\"\u003ei\u003cspan role=\"tooltip\"\u003eMonthly revenue needed to support the target owner pay.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cstrong data-owner-output=\"revenueNeeded\"\u003e$111K\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-metric is-target-gap is-positive\"\u003e\n\u003cspan class=\"fml-owner-metric-label\"\u003eTarget Pay Gap\u003cspan class=\"fml-owner-tooltip\" tabindex=\"0\" aria-label=\"Owner income minus target owner pay. Negative means the target pay is not covered.\"\u003ei\u003cspan role=\"tooltip\"\u003eOwner income minus target owner pay. Negative means the target pay is not covered.\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003cstrong data-owner-output=\"targetPayGap\"\u003e$383K\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdl class=\"fml-owner-result-list\"\u003e\n\u003cdiv\u003e\n\u003cdt\u003eAnnual owner income\u003c\/dt\u003e\n\u003cdd data-owner-output=\"annualOwnerIncome\"\u003e$4,740,117\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdt\u003eProfit before reserves\u003c\/dt\u003e\n\u003cdd data-owner-output=\"profitBeforeReserves\"\u003e$598,500\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdt\u003eTax + reinvestment reserve\u003c\/dt\u003e\n\u003cdd data-owner-output=\"reserveAmount\"\u003e$203,490\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdt\u003eTarget pay gap\u003c\/dt\u003e\n\u003cdd data-owner-output=\"cashAfterTargetPay\"\u003e$383,010\u003c\/dd\u003e\n\u003c\/div\u003e\n\u003c\/dl\u003e\n\u003cdiv class=\"fml-owner-bridge\"\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"revenue\"\u003e\n\u003cspan\u003eRevenue\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 100%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$802K\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"grossProfit\"\u003e\n\u003cspan\u003eGross profit\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 84%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$674K\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"operatingCosts\"\u003e\n\u003cspan\u003eOperating costs\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 9%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$75,250\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"reserveAmount\"\u003e\n\u003cspan\u003eReserves\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 25%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$203K\u003c\/b\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-bar-row\" data-owner-bridge=\"ownerIncome\"\u003e\n\u003cspan\u003eOwner income\u003c\/span\u003e\u003cdiv\u003e\u003ci style=\"--fml-owner-share: 49%;\"\u003e\u003c\/i\u003e\u003c\/div\u003e\n\u003cb data-owner-bridge-value\u003e$395K\u003c\/b\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"fml-owner-export\" type=\"button\" data-owner-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/aside\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-owner-note\"\u003e\n\u003cspan class=\"fml-owner-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e Research-based planning estimate only. Actual owner income can change with sales mix, costs, reserves, debt, taxes, and owner draws; it is not guaranteed salary, tax advice, or owner distribution advice.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\u003cdiv class=\"container_new_design_blog\"\u003e\n\n\u003cdiv class=\"text-section_blog text-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"line_top_blog\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eWant a deeper Bullion Dealing Business forecast?\u003c\/span\u003e\u003c\/h3\u003e\n\n\u003cp\u003eIf the income drivers are clear, this is the \u003cstrong\u003enext step\u003c\/strong\u003e. The \u003ca href=\"\/products\/bullion-dealing-financial-model\"\u003eBullion Dealing Business Financial Model Template\u003c\/a\u003e adds the dashboard, revenue build, product mix, spread, shipping, overhead, payroll, capex, runway, and \u003cstrong\u003eowner pay planning\u003c\/strong\u003e. Charts track revenue from $1109M to $66092M, EBITDA from $92K to $55388M, Month 4 breakeven, Month 17 payback, and a $654K minimum cash floor. Open the model.\u003c\/p\u003e\n\n\u003ch4\u003eOwner-income model highlights\u003c\/h4\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eOwner take-home assumptions\u003c\/li\u003e\n\u003cli\u003eRevenue and EBITDA charts\u003c\/li\u003e\n\u003cli\u003eMonth 4 breakeven\u003c\/li\u003e\n\u003cli\u003eMonth 17 payback\u003c\/li\u003e\n\u003cli\u003e$654K cash floor\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003c\/div\u003e\n\n\u003cdiv class=\"image-section_blog image-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"preview-card\" data-preview-src=\"\/cdn\/shop\/files\/bullion-dealing-financial-model-dashboard-financialmodelslab_8fce27b4-ba05-4bfb-bc68-5754c10308a4.webp\"\u003e\n\u003cimg class=\"preview-img\" width=\"100%\" height=\"auto\" src=\"\/cdn\/shop\/files\/bullion-dealing-financial-model-dashboard-financialmodelslab_8fce27b4-ba05-4bfb-bc68-5754c10308a4.webp?width=500\" alt=\"Bullion Dealing Business Financial Model dashboard summarizing key KPIs, runway\/cash position and performance with a dynamic dashboard, investor-ready visuals and clear cash-flow visibility.\"\u003e\n\u003cdiv class=\"preview-overlay\"\u003e\n\u003cbutton class=\"preview-btn\" type=\"button\" style=\"align-items: center; vertical-align: middle; display: inline-flex; justify-content: center; gap: 6px; line-height: 1;\"\u003e\nPREVIEW \u003csvg fill=\"#fff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"presentation\" viewbox=\"0 0 448 512\" width=\"14\"\u003e\u003cpath d=\"M416 176V86.63L246.6 256L416 425.4V336c0-8.844 7.156-16 16-16s16 7.156 16 16v128c0 8.844-7.156 16-16 16h-128c-8.844 0-16-7.156-16-16s7.156-16 16-16h89.38L224 278.6L54.63 448H144C152.8 448 160 455.2 160 464S152.8 480 144 480h-128C7.156 480 0 472.8 0 464v-128C0 327.2 7.156 320 16 320S32 327.2 32 336v89.38L201.4 256L32 86.63V176C32 184.8 24.84 192 16 192S0 184.8 0 176v-128C0 39.16 7.156 32 16 32h128C152.8 32 160 39.16 160 48S152.8 64 144 64H54.63L224 233.4L393.4 64H304C295.2 64 288 56.84 288 48S295.2 32 304 32h128C440.8 32 448 39.16 448 48v128C448 184.8 440.8 192 432 192S416 184.8 416 176z\"\u003e\u003c\/path\u003e\u003c\/svg\u003e\n\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCan a bullion dealing business owner make a good income?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eYes, a \u003cstrong\u003eBullion Dealing Business\u003c\/strong\u003e owner can make a good income, but only after trust, repeat buyers, spread discipline, working capital, and cost control are in place; see \u003ca href=\"\/blogs\/how-to-open\/bullion-dealing\"\u003eHow To Launch Bullion Dealing Business?\u003c\/a\u003e for the setup path. The base model shows \u003cstrong\u003e$92K EBITDA in Year 1\u003c\/strong\u003e, \u003cstrong\u003e$1.139M in Year 2\u003c\/strong\u003e, \u003cstrong\u003e$55.388M in Year 5\u003c\/strong\u003e, \u003cstrong\u003eMonth 4 breakeven\u003c\/strong\u003e, and \u003cstrong\u003eMonth 17 payback\u003c\/strong\u003e, but owner pay comes after payroll, overhead, insurance, security, inventory reserves, and cash buffers.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eIncome Drivers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eBuild repeat buyer trust\u003c\/li\u003e\n\u003cli\u003eProtect bid-ask spreads\u003c\/li\u003e\n\u003cli\u003eControl insurance and security\u003c\/li\u003e\n\u003cli\u003eKeep enough inventory cash\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eOwner Pay Limits\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003ePay payroll before draws\u003c\/li\u003e\n\u003cli\u003eFund fixed overhead first\u003c\/li\u003e\n\u003cli\u003eHold inventory reserves\u003c\/li\u003e\n\u003cli\u003eExpect dealer results to vary\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhy is bullion dealer revenue not the same as profit?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eFor the \u003cstrong\u003eBullion Dealing Business\u003c\/strong\u003e, revenue can look huge because each order may include \u003cstrong\u003egold, silver, or platinum\u003c\/strong\u003e, but profit is only the \u003cstrong\u003espread\u003c\/strong\u003e (the gap between buy and sell price) after metal cost, shipping, payroll, rent, insurance, and reserves. That’s why \u003cstrong\u003eYear 1 revenue is $1109M\u003c\/strong\u003e while \u003cstrong\u003eEBITDA is only $92K\u003c\/strong\u003e. With \u003cstrong\u003e$315K\u003c\/strong\u003e in fixed costs per month and payroll of \u003cstrong\u003e$390K to $825K\u003c\/strong\u003e per year, owner cash can stay tight even when sales look strong.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eWhere the money goes\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eRevenue starts with expensive metal orders.\u003c\/li\u003e\n\u003cli\u003eThe dealer keeps only the spread.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eShipping\u003c\/strong\u003e cuts into each sale.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eInsurance and reserves\u003c\/strong\u003e use cash fast.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eWhat the numbers show\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eYear 1 revenue: $1109M\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eEBITDA: $92K\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eYear 5 revenue: $66092M\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eOwner payouts depend on retained cash.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhat margin do bullion dealers make?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eBullion dealers do not make one fixed margin; the spread changes by metal, format, buyback pricing, premiums, payment fees, shipping, and volatility risk, so \u003ca href=\"\/blogs\/startup-costs\/bullion-dealing\"\u003eHow Much To Start A Bullion Dealing Business?\u003c\/a\u003e should model the bid-ask spread as gross profit before expenses and reserves. A researched model used \u003cstrong\u003e120%\u003c\/strong\u003e acquisition cost in Year 1, easing to \u003cstrong\u003e110%\u003c\/strong\u003e by Year 5, with insured shipping and fulfillment at \u003cstrong\u003e50%\u003c\/strong\u003e falling to \u003cstrong\u003e30%\u003c\/strong\u003e. Small pricing errors matter, because at high sales volume they compound fast.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eWhat drives spread\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eMetal type changes pricing.\u003c\/li\u003e\n\u003cli\u003eFormat changes premium.\u003c\/li\u003e\n\u003cli\u003eBuyback price sets exit value.\u003c\/li\u003e\n\u003cli\u003eFees and shipping cut margin.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eWhat to model\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eUse \u003cstrong\u003e120%\u003c\/strong\u003e in Year 1.\u003c\/li\u003e\n\u003cli\u003eMove to \u003cstrong\u003e110%\u003c\/strong\u003e by Year 5.\u003c\/li\u003e\n\u003cli\u003eModel \u003cstrong\u003e50%\u003c\/strong\u003e to \u003cstrong\u003e30%\u003c\/strong\u003e shipping.\u003c\/li\u003e\n\u003cli\u003eStress test volatility and reserves.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWant to see the six bullion income drivers?\n\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-main-income-drivers\" aria-label=\"Accessible label for the main income driver card grid.\"\u003e\u003carticle class=\"driver-option is-cards\"\u003e\u003cdiv class=\"main-driver-grid\"\u003e\n\u003carticle class=\"main-driver-card is-primary\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e1\u003c\/span\u003e\u003ch4\u003eTransaction Volume\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e$1.1M-$66.1M\u003c\/strong\u003e\u003cp\u003eMore buyer visits lift revenue from $1.109M in Year 1 to $66.092M in Year 5, which is the main path to owner cash.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e2\u003c\/span\u003e\u003ch4\u003eSpread Capture\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e17%-14%\u003c\/strong\u003e\u003cp\u003eKeeping acquisition plus shipping near 17% in Year 1 and 14% by Year 5 protects gross margin on every sale.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e3\u003c\/span\u003e\u003ch4\u003eCost Control\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e$31.5K\/mo\u003c\/strong\u003e\u003cp\u003eFixed overhead is $31.5K a month and payroll rises from $390K to $825K, so this driver decides how much EBITDA reaches the owner.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e4\u003c\/span\u003e\u003ch4\u003eProduct Mix\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e60\/30\/10\u003c\/strong\u003e\u003cp\u003eA shift from 60% gold toward more silver changes ticket size and margin, so mix can raise or cut take-home fast.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e5\u003c\/span\u003e\u003ch4\u003eInventory Turnover\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e2-4 units\u003c\/strong\u003e\u003cp\u003eMoving more units per order keeps cash moving and reduces the amount of metal capital trapped on the shelf.\u003c\/p\u003e\u003c\/article\u003e\u003carticle class=\"main-driver-card\"\u003e\u003cdiv class=\"main-driver-heading\"\u003e\n\u003cspan class=\"driver-rank\"\u003e6\u003c\/span\u003e\u003ch4\u003eCash Reserve\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cstrong\u003e$654K\u003c\/strong\u003e\u003cp\u003eThe model needs a $654K minimum cash cushion in Month 6, and dropping below that can force weak buying decisions.\u003c\/p\u003e\u003c\/article\u003e\n\u003c\/div\u003e\u003c\/article\u003e\u003c\/section\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eBullion Dealing Business Core Six Income Drivers\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eTransaction volume\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"left-row1\"\u003e\n\u003ch3\u003eTransaction volume\u003c\/h3\u003e\n\u003cp\u003eTransaction volume is the number of bullion orders you close. More orders can raise gross profit only when the \u003cstrong\u003espread\u003c\/strong\u003e—the gap between your buy price and sell price—holds and cash turns fast enough to fund inventory, shipping, and payouts. In the model, daily visitors rise from \u003cstrong\u003e450\u003c\/strong\u003e in Year 1 to \u003cstrong\u003e2,940\u003c\/strong\u003e in Year 5, and conversion climbs from \u003cstrong\u003e12%\u003c\/strong\u003e to \u003cstrong\u003e20%\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cp\u003eThe trap is confusing busy sales with owner income. The model’s revenue line rises from \u003cstrong\u003e$1109M\u003c\/strong\u003e to \u003cstrong\u003e$66092M\u003c\/strong\u003e, but take-home only improves after \u003cstrong\u003eacquisition cost\u003c\/strong\u003e, \u003cstrong\u003eshipping\u003c\/strong\u003e, \u003cstrong\u003epayroll\u003c\/strong\u003e, and \u003cstrong\u003ereserves\u003c\/strong\u003e. If those costs outrun the spread, higher volume just burns more cash.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"right-row1\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eTrack orders per visitor\u003c\/h3\u003e\n\u003cp\u003eTrack \u003cstrong\u003evisitors\u003c\/strong\u003e, \u003cstrong\u003econversion rate\u003c\/strong\u003e, \u003cstrong\u003eorders\u003c\/strong\u003e, \u003cstrong\u003espread per order\u003c\/strong\u003e, and \u003cstrong\u003ecash conversion\u003c\/strong\u003e daily. Here’s the quick math: \u003cstrong\u003eorders = visitors × conversion\u003c\/strong\u003e. At \u003cstrong\u003e450\u003c\/strong\u003e visitors and \u003cstrong\u003e12%\u003c\/strong\u003e conversion, that is \u003cstrong\u003e54 orders\u003c\/strong\u003e; at \u003cstrong\u003e2,940\u003c\/strong\u003e and \u003cstrong\u003e20%\u003c\/strong\u003e, it is \u003cstrong\u003e588 orders\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eVisitors\u003c\/strong\u003e and \u003cstrong\u003econversion\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eSpread\u003c\/strong\u003e per order\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eShipping\u003c\/strong\u003e and \u003cstrong\u003epayroll\u003c\/strong\u003e\n\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eMinimum cash reserve\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eUse that forecast before you set owner draws. If volume rises but shipping, payroll, or inventory funding lag, reserve cash first and pay the owner only from profit left after the monthly cost stack. The goal is not more tickets; it’s more cash after every ticket.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step1\"\u003e1\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eSpread and pricing discipline\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n  \u003cdiv class=\"right-row2\"\u003e\n    \u003ch3\u003eSpread and pricing discipline\u003c\/h3\u003e\n    \u003cp\u003eOwner income improves when the dealer buys competitively and sells with disciplined premiums. \u003cstrong\u003eBid-ask spread\u003c\/strong\u003e is the gap between buy price and sell price before expenses. The model proxy uses bullion acquisition cost of \u003cstrong\u003e120%\u003c\/strong\u003e in Year 1 and \u003cstrong\u003e110%\u003c\/strong\u003e in Year 5, so pricing has to stay tight or each high-ticket order leaks margin.\u003c\/p\u003e\n    \u003cp\u003eThe risk is underpricing in volatile markets or absorbing payment and shipping costs. With large orders, even a small spread loss can erase cash fast. If the spread does not cover operating costs and reserves, gross profit drops and the owner’s take-home pay falls with it.\u003c\/p\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"left-row2\"\u003e\n    \u003cdiv class=\"tips-box\"\u003e\n      \u003ch3\u003eTrack realized spread per order\u003c\/h3\u003e\n      \u003cp\u003eMeasure \u003cstrong\u003ebuy price\u003c\/strong\u003e, \u003cstrong\u003esell price\u003c\/strong\u003e, \u003cstrong\u003epayment fees\u003c\/strong\u003e, and \u003cstrong\u003eshipping cost\u003c\/strong\u003e on every trade. The key input is realized spread after all deal costs, not just the quoted premium. Here’s the quick math: spread up, owner income up; spread down, cash and profit shrink.\u003c\/p\u003e\n      \u003cul class=\"lst_crct_blog\"\u003e\n        \u003cli\u003eTrack spread by metal and order size.\u003c\/li\u003e\n        \u003cli\u003eReprice fast when spot moves.\u003c\/li\u003e\n        \u003cli\u003eTest premiums before volatile sessions.\u003c\/li\u003e\n        \u003cli\u003eKeep shipping and payment costs separate.\u003c\/li\u003e\n      \u003c\/ul\u003e\n    \u003c\/div\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n  \u003cdiv class=\"step-circle step2\"\u003e2\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eInventory turnover\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"left-row3\"\u003e\n\u003ch3\u003eInventory turnover\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003eInventory turnover\u003c\/strong\u003e is how fast bullion on hand turns into sales and cash. In this model, faster turns matter because every dollar stuck in gold, silver, or platinum is a dollar not available for buybacks, shipping, or owner draws. If repeat customer lifetime expands from \u003cstrong\u003e12\u003c\/strong\u003e to \u003cstrong\u003e36 months\u003c\/strong\u003e and repeat order frequency rises from \u003cstrong\u003e1\u003c\/strong\u003e to \u003cstrong\u003e3 monthly orders\u003c\/strong\u003e, turnover can rise without adding as much stock.\u003c\/p\u003e\n\u003cp\u003eToo little inventory caps sales, but too much strains cash and can block distributions. The reserve rule sets \u003cstrong\u003e$654K\u003c\/strong\u003e minimum cash in Month 6, so inventory policy has to protect liquidity first. Here, turnover improves income mainly by lowering cash tied up in metal, which supports safer pay to the owner and less stress when orders swing.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"right-row3\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eTrack turns before you grow stock\u003c\/h3\u003e\n\u003cp\u003eUse \u003cstrong\u003einventory turnover\u003c\/strong\u003e as a cash test, not just a sales metric. Track on-hand value, units sold, days in inventory, repeat order rate, and replenishment timing. Inventory turnover means cost of goods sold (COGS) divided by average inventory, so the inputs are sales cost, average metal held, and how fast customers reorder.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\u003cstrong\u003eOn-hand bullion value\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eSales by metal type\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eRepeat orders per month\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eMonth 6 cash floor: $654K\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eLead time to restock\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eIf turns slow, cut dead stock before buying more. If turns speed up, keep a tighter restock band so you do not miss sales. That balance protects margin, keeps cash liquid, and makes owner draws safer.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step3\"\u003e3\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eProduct mix\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n  \u003cdiv class=\"right-row4\"\u003e\n    \u003ch3\u003eProduct mix\u003c\/h3\u003e\n    \u003cp\u003eProduct mix changes revenue quality, not just sales. In this model the mix starts at \u003cstrong\u003e600% gold, 300% silver, and 100% platinum\u003c\/strong\u003e, then shifts to \u003cstrong\u003e500% gold, 400% silver, and 100% platinum\u003c\/strong\u003e by Year 5. Average prices rise from \u003cstrong\u003e$2,450\u003c\/strong\u003e to \u003cstrong\u003e$2,850\u003c\/strong\u003e for gold, \u003cstrong\u003e$32\u003c\/strong\u003e to \u003cstrong\u003e$40\u003c\/strong\u003e for silver, and \u003cstrong\u003e$1,050\u003c\/strong\u003e to \u003cstrong\u003e$1,250\u003c\/strong\u003e for platinum.\u003c\/p\u003e\n    \u003cp\u003eThat affects owner income through premiums, storage, and sell-through. Gold and platinum tie up more cash per order, while silver can move faster but may need more handling and space. If inventory turns slowly, cash flow falls even when revenue looks strong, so distributions should follow realized margin after vault and shipping costs.\u003c\/p\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"left-row4\"\u003e\n    \u003cdiv class=\"tips-box\"\u003e\n      \u003ch3\u003eTrack mix by margin\u003c\/h3\u003e\n      \u003cp\u003eMeasure \u003cstrong\u003egross margin per metal\u003c\/strong\u003e, \u003cstrong\u003edays held\u003c\/strong\u003e, and \u003cstrong\u003esell-through\u003c\/strong\u003e each month. Use \u003cstrong\u003epremium\u003c\/strong\u003e (markup above spot), storage cost, and buyback spread to rank the mix, not just gross sales. If one metal is profitable on paper but sits too long, it can cut owner pay by tying up cash.\u003c\/p\u003e\n      \u003cul class=\"lst_crct_blog\"\u003e\n        \u003cli\u003eOrder mix by metal\u003c\/li\u003e\n        \u003cli\u003eAverage sell price\u003c\/li\u003e\n        \u003cli\u003ePremium and buyback spread\u003c\/li\u003e\n        \u003cli\u003eStorage and insurance cost\u003c\/li\u003e\n        \u003cli\u003eDays to sell through\u003c\/li\u003e\n      \u003c\/ul\u003e\n      \u003cp\u003eThe key test is whether shifting more volume into silver at \u003cstrong\u003e$40\u003c\/strong\u003e or gold at \u003cstrong\u003e$2,850\u003c\/strong\u003e improves cash flow after expenses. The best mix is the one that clears fast and keeps enough margin to support owner draws.\u003c\/p\u003e\n    \u003c\/div\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n  \u003cdiv class=\"step-circle step4\"\u003e4\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eOperating cost control\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n\u003cdiv class=\"left-row5\"\u003e\n\u003ch3\u003eOperating cost control\u003c\/h3\u003e\n\u003cp\u003eFor a bullion dealer, owner pay gets squeezed by recurring overhead before the spread turns into cash. The model shows \u003cstrong\u003e$315K per month\u003c\/strong\u003e of fixed overhead, including \u003cstrong\u003e$12K\u003c\/strong\u003e lease, \u003cstrong\u003e$8K\u003c\/strong\u003e marketing, \u003cstrong\u003e$45K\u003c\/strong\u003e insurance and bonding, \u003cstrong\u003e$3K\u003c\/strong\u003e platform maintenance, \u003cstrong\u003e$25K\u003c\/strong\u003e market data, and \u003cstrong\u003e$15K\u003c\/strong\u003e vault monitoring. That burn hits every month, so even strong sales can still leave thin take-home income.\u003c\/p\u003e\n\u003cp\u003eHere’s the quick math: payroll rises from \u003cstrong\u003e$390K\u003c\/strong\u003e in Year 1 to \u003cstrong\u003e$825K\u003c\/strong\u003e in Year 5, while shipping falls from \u003cstrong\u003e50%\u003c\/strong\u003e to \u003cstrong\u003e30%\u003c\/strong\u003e. The key metric is monthly contribution after shipping, payroll, and fixed overhead. If those costs outrun spread income, profit and owner draws fall fast. High volume only helps when overhead stays disciplined.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"right-row5\"\u003e\n\u003cdiv class=\"tips-box\"\u003e\n\u003ch3\u003eTrim recurring burn\u003c\/h3\u003e\n\u003cp\u003eTrack the monthly burn by bucket, not as one line. Keep a rolling forecast for rent, payroll, insurance, security, marketing, shipping, and compliance. The point is simple: if a cost does not help spread or retention, it has to earn its keep. With \u003cstrong\u003e$315K\u003c\/strong\u003e in fixed overhead\n, even a \u003cstrong\u003e5%\u003c\/strong\u003e overspend adds \u003cstrong\u003e$15.8K\u003c\/strong\u003e a month.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003ePayroll\u003c\/strong\u003e: roles, overtime, raises.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eShipping\u003c\/strong\u003e: cost per order.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eInsurance\u003c\/strong\u003e: renewal jumps.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCompliance\u003c\/strong\u003e: monthly fee creep.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eSet cost targets before you price or hire. Payroll growing from \u003cstrong\u003e$390K\u003c\/strong\u003e to \u003cstrong\u003e$825K\u003c\/strong\u003e means every new role needs a clear link to order volume or lower loss. If shipping keeps moving from \u003cstrong\u003e50%\u003c\/strong\u003e toward \u003cstrong\u003e30%\u003c\/strong\u003e, protect the gain by tightening shipping quotes and packing rules so the margin drop turns into cash, not noise.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n\u003cdiv class=\"step-circle step5\"\u003e5\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eReserves and financing\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"container_new_design_timeline\"\u003e\n  \u003cdiv class=\"right-row6\"\u003e\n    \u003ch3\u003eCash Reserves First\u003c\/h3\u003e\n    \u003cp\u003eOwner pay comes after cash is safe. This model needs \u003cstrong\u003e$654K\u003c\/strong\u003e minimum cash in Month 6, plus \u003cstrong\u003e$300K\u003c\/strong\u003e in startup capex reserves, so early distributions can starve inventory buys, buyback obligations, and insured shipping gaps. If cash dips under the floor, take-home should pause even when sales look strong.\u003c\/p\u003e\n    \u003cp\u003eHere’s the quick math: reserve cash protects against market swings, fraud prevention, and growth funding, while financing cost should be tracked separately if debt funds inventory risk. Paying the owner too early can turn paper profit into a cash shortfall, which lowers future order capacity and cuts later income.\u003c\/p\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"left-row6\"\u003e\n    \u003cdiv class=\"tips-box\"\u003e\n      \u003ch3\u003eTrack the Cash Floor Weekly\u003c\/h3\u003e\n      \u003cp\u003eMeasure month-end cash, open buyback exposure, and inventory funding needs before any draw. Treat \u003cstrong\u003e$654K\u003c\/strong\u003e as the hard stop and \u003cstrong\u003e$300K\u003c\/strong\u003e as reserved capital, not spendable profit. If debt is used, model interest separately so owner pay reflects true free cash, not borrowed float.\u003c\/p\u003e\n      \u003cul class=\"lst_crct_blog\"\u003e\n        \u003cli\u003eBlock draws below the cash floor.\u003c\/li\u003e\n        \u003cli\u003eTrack buyback and shipping gaps.\u003c\/li\u003e\n        \u003cli\u003eSeparate debt cost from profit.\u003c\/li\u003e\n        \u003cli\u003ePay owners after reserve checks.\u003c\/li\u003e\n      \u003c\/ul\u003e\n    \u003c\/div\u003e\n  \u003c\/div\u003e\n  \u003cdiv class=\"timeline\"\u003e\u003c\/div\u003e\n  \u003cdiv class=\"step-circle step6\"\u003e6\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCompare low, base, and high bullion dealer income scenarios\n\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-scenario-table\" aria-label=\"Bullion Dealing Business Owner Income Scenarios\" data-site-name=\"Financial Models Lab\" data-site-url=\"https:\/\/financialmodelslab.com\" data-source-title=\"Bullion Dealing Business Owner Income Scenarios\" data-note-label=\"Planning note\" data-note-text=\"These scenario ranges are researched planning assumptions, not guaranteed earnings, salary promises, tax advice, or distributions.\"\u003e\u003cdiv class=\"fml-scenario-table-card\"\u003e\n\u003cheader class=\"fml-scenario-table-header\"\u003e\u003cdiv\u003e\n\u003cp class=\"fml-scenario-table-eyebrow\"\u003eOwner income scenario table\u003c\/p\u003e\n\u003cp class=\"fml-scenario-table-description\"\u003eOwner income shifts with traffic, conversion, repeat buying, order size, and bullion costs. In this model, higher volume and better cost control drive most of the spread.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-scenario-table-actions\"\u003e\u003cbutton class=\"fml-scenario-table-export\" type=\"button\" data-scenario-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/div\u003e\u003c\/header\u003e\u003cdiv class=\"fml-scenario-table-wrap\"\u003e\u003ctable class=\"fml-scenario-table-grid\"\u003e\n\u003ccaption\u003eLow, base, and high profit paths for the dealer.\u003c\/caption\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth class=\"fml-scenario-table-stub\" scope=\"col\" data-export-value=\"Scenario\"\u003eScenario\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Low Case\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eLow Case\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eDownside path\u003c\/span\u003e\n\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Base Case\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eBase Case\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eModel path\u003c\/span\u003e\n\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"High Case\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eHigh Case\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-warning\"\u003eUpside path\u003c\/span\u003e\n\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Launch model\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-launch\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-launch-model.svg\" alt=\"Launch model icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eLaunch model\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"This is the thin-start path, with Year 1 revenue at $1.109M and EBITDA at $92k while conversion and repeat demand stay low.\"\u003eThis is the thin-start path, with Year 1 revenue at $1.109M and EBITDA at $92k while conversion and repeat demand stay low.\u003c\/td\u003e\n\u003ctd data-export-value=\"This is the steady path, with Year 3 revenue at $9.625M and EBITDA at $6.959M as traffic and repeat buying improve.\"\u003eThis is the steady path, with Year 3 revenue at $9.625M and EBITDA at $6.959M as traffic and repeat buying improve.\u003c\/td\u003e\n\u003ctd data-export-value=\"This is the stronger path, with Year 5 revenue at $66.092M and EBITDA at $55.388M on higher traffic and denser orders.\"\u003eThis is the stronger path, with Year 5 revenue at $66.092M and EBITDA at $55.388M on higher traffic and denser orders.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Typical setup\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-setup\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-typical-setup.svg\" alt=\"Typical setup icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eTypical setup\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"The shop runs on 1.2% visitor-to-buyer conversion, 15.0% repeat share, 2 units per order, 12.0% bullion acquisition cost, and 5.0% insured shipping.\"\u003eThe shop runs on 1.2% visitor-to-buyer conversion, 15.0% repeat share, 2 units per order, 12.0% bullion acquisition cost, and 5.0% insured shipping.\u003c\/td\u003e\n\u003ctd data-export-value=\"The dealer reaches 1.6% conversion, 22.0% repeat share, 3 units per order, 11.5% acquisition cost, and 4.0% shipping.\"\u003eThe dealer reaches 1.6% conversion, 22.0% repeat share, 3 units per order, 11.5% acquisition cost, and 4.0% shipping.\u003c\/td\u003e\n\u003ctd data-export-value=\"The model assumes 2.0% conversion, 28.0% repeat share, 4 units per order, 11.0% acquisition cost, and 3.0% shipping.\"\u003eThe model assumes 2.0% conversion, 28.0% repeat share, 4 units per order, 11.0% acquisition cost, and 3.0% shipping.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Cost drivers\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-drivers\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-cost-drivers.svg\" alt=\"Cost drivers icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eCost drivers\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"1.2% conversion; 15.0% repeat share; 2 units per order; 12.0% acquisition cost; 5.0% shipping\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003e1.2% conversion\u003c\/li\u003e\n\u003cli\u003e15.0% repeat share\u003c\/li\u003e\n\u003cli\u003e2 units per order\u003c\/li\u003e\n\u003cli\u003e12.0% acquisition cost\u003c\/li\u003e\n\u003cli\u003e5.0% shipping\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003ctd data-export-value=\"1.6% conversion; 22.0% repeat share; 3 units per order; 11.5% acquisition cost; 4.0% shipping\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003e1.6% conversion\u003c\/li\u003e\n\u003cli\u003e22.0% repeat share\u003c\/li\u003e\n\u003cli\u003e3 units per order\u003c\/li\u003e\n\u003cli\u003e11.5% acquisition cost\u003c\/li\u003e\n\u003cli\u003e4.0% shipping\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003ctd data-export-value=\"2.0% conversion; 28.0% repeat share; 4 units per order; 11.0% acquisition cost; 3.0% shipping\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003e2.0% conversion\u003c\/li\u003e\n\u003cli\u003e28.0% repeat share\u003c\/li\u003e\n\u003cli\u003e4 units per order\u003c\/li\u003e\n\u003cli\u003e11.0% acquisition cost\u003c\/li\u003e\n\u003cli\u003e3.0% shipping\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Owner income range\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-range\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-planning-range.svg\" alt=\"Owner income range icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eOwner income range\u003c\/span\u003e\u003cspan class=\"fml-scenario-row-subtitle\"\u003eBefore owner reserves\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"$92k\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$92k\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eLow income band\u003c\/span\u003e\n\u003c\/td\u003e\n\u003ctd data-export-value=\"$6.96M\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$6.96M\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eBase income band\u003c\/span\u003e\n\u003c\/td\u003e\n\u003ctd data-export-value=\"$55.39M\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$55.39M\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-warning\"\u003eHigh income band\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Best fit\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-fit\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-best-fit.svg\" alt=\"Best fit icon\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eBest fit\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Use this to test a slow local launch and weak traffic.\"\u003eUse this to test a slow local launch and weak traffic.\u003c\/td\u003e\n\u003ctd data-export-value=\"Fits a stable local dealer with repeat demand and tighter operating control.\"\u003eFits a stable local dealer with repeat demand and tighter operating control.\u003c\/td\u003e\n\u003ctd data-export-value=\"Use this to test an upscale dealer with strong volume and efficient fulfillment.\"\u003eUse this to test an upscale dealer with strong volume and efficient fulfillment.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-scenario-table-note\"\u003e\n\u003cspan class=\"fml-scenario-table-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e These scenario ranges are researched planning assumptions, not guaranteed earnings, salary promises, tax advice, or distributions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003c\/section\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49303464837363,"sku":"bullion-dealing-owner-makes","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/bullion-dealing-owner-makes.webp?v=1782677573","url":"https:\/\/financialmodelslab.com\/products\/bullion-dealing-owner-makes","provider":"Financial Models Lab","version":"1.0","type":"link"}