REDUCED Pawn Shop / Jeweller -Gold Coast - Suit Jeweller, Trader or Retailer

10 days ago

Location:
Gold Coast > Queensland

Investment level:
$139,000 + SAV

Type:
Business

Industry:
Retail > Specialty retail > Jewellery Store

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Internal Ref: TWGC 1933

Summary

Buy, sell, swap, loan & jewellery repairs. Specialist in gold & silver, scrap or bullion & precious stones. Busy shopping centre location. Lease options till 2028. Great opportunity in unique industry

Location Details

Gold Coast, South East Queensland, Brisbane
Gold Coast suburban shopping centre with Woolworths as anchor tenant. Easy access and parking. Display showroom with exterior windows and shop entry. Lifestyle and work location.

Skills

Retail skills are the key. Pawn trading will require a second hand Pawn licence and the jewellery aspects can be sub contracted or outsourced if required.

Hours

9am - 5pm

Employees

2 Part Time Casual Staff

Reason for Sale

Retiring

About the Business

Jewellery store with both sales and repairs offered. On site jeweller attracts many clients across the Gold Coast for quality repairs with personalised service. Business also holds a second hand and pawn broking licence. Focusing both these activities on jewellery the business has a successful history of both second hand trade and pawn activity.

While a skilled jeweller could run the business with a few casual hours it could also be managed by a husband and wife or single owner with retail experience or second hand trading or pawn broker experience. A current casual jeweller can perform repairs or the jewellery repairs can be sub-contracted, or another jeweller could be engaged to afford that service.

Depending on the focus of a new owner the business can be grown in numerous directions.
Marketing has been limited and simple activities could reap great returns. While the jewellery market is expected to see steady growth the pawn industry is seeing strong growth and combined these two parts of this business provide a great mix to reduce risks.

The current owner is retiring and will happily assist and train a new owner into what is a genuinely enjoyable and rewarding business.

Being able to acquire a second hand dealer and pawn licence in Qld will be required to afford the same business mix currently enjoyed in the business.

Equipment is all unencumbered including jewellery equipment for repairs and cleaning.

Great lease till 2023 with a further 5 year option ensures security of location. Will suit either an individual or couple looking for a superb lifestyle and work balance.

Growth opportunities are numerous:

• Natural growth with pawn activity expected to continue a strong growth trajectory.
• Marketing and sales activity to promote the existence of the business and its multi business services offered.
• Online trading and sales are currently used but could be increased with more focus.
Strong and profitable businesses like this are highly sought after. The ability to have a great lifestyle and benefits of owning your own business will see buyers attracted to this unique offering. Be quick!

Key Points

• Suit Retail or Jeweller or Trading Experience
• Desirable to hold or obtain second hand / pawn licence
• History of success over 11 years in current location
• Great lease secured with option
• Potential ROI in 1 year
• Stock can be negotiated to suit buyer finances

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