Retail - Gold Coast

10 days ago

Location:
Gold Coast Mc 4217 > Gold Coast > Queensland

Investment level:
$249,000

Type:
Business

Industry:
Retail > Fashion

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Internal Ref: TTQJ1118

Summary

SBX Business Code: TTQJ1118 - Retail - Watches - Jewellery - Repairs - Gold Coast

Rent

$35,360 pa

Net Profit

$166,556 pa

Location Details

Situated in a popular Gold Coast shopping Centre near major department store.

Potential

Could introduce social media - Do some local advertising - Open on Sundays - Get Second Hand Licence.

Hours

7 days - Mon. - Wed. & Fri. - 9 a.m. to 530 p.m. - Thurs. - 9 a.m. to 8 p.m. - Sat. - 9 a.

Lease

6 year lease commenced Dec. 2017. 4% annual C.P.I. increases - 3 months rent bond.

Employees

2 owners + 2 casuals.

About the Business

Retail - Watches - Jewellery - Repairs - Gold Coast

SBX Business Code: TTQJ1118
Retail watch and jewellery store offering sales and repairs for nearly 20 years. - Stocks a large range of popular brands including Jag, Citizen, Fossil, Skagen, Casio, Lorus, Pulsar etc. backed with onsite servicing and battery replacement. - Stockists of Bee jewellery, Ellani and other popular 9 c/t jewellery. - Stocks quality Estate jewellery - Also buyers of unwanted gold items. - Store has just relocated with new fitout and expects turnover to increase from new location due to large volume of foot traffic.

Potential
Could introduce social media - Do some local advertising - Open on Sundays - Get Second Hand Licence.

Features
Brand new fit out - Very cheap rent - Long lease - Loyal customer database for nearly 20 years.

Premises
Brand new shop of 35 sq.mts.

Location
Situated in a popular Gold Coast shopping Centre near major department store.

Trading Hours
7 days - Mon. - Wed. & Fri. - 9 a.m. to 530 p.m. - Thurs. - 9 a.m. to 8 p.m. - Sat. - 9 a.m. to 5 ..

Lease
6 year lease commenced Dec. 2017. 4% annual C.P.I. increases - 3 months rent bond.

Employees
2 owners + 2 casuals.

Comments
Vendor to stay 2 weeks after settlement for handover / training. and prepared to negotiate to stay on up to 2 months. - Misc. -1 - Additional business expenses. - Owner will consider some vendor finance.

SBX Business Code: TTQJ1118

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