Internal Ref: RB 358
Summary
Retail Jewellery & Watch Repair Workshop Turnover: $1,170,000 - 2024 FY Stock: $350,000 – approximately Price: $1,450,000 – plus stock Profit: $470,000 - includes 1 and ½ x vendor wage
Revenue
$1,200,000 pa
Rent
$35,000 pa
Net Profit
$470,000 pa
Reason for Sale
Retirement
About the Business
Retail Jewellery & Watch Repair Workshop
This Jewellery store was established in 1957, testifying to its consistent trading history and iconic reputation in the local area and beyond.
It is located in the second largest city in a thriving, vibrant centre in the regional area and the store has prime and well known reputation and indeed position. There is very little jewellery store competition in town.
Turnover: $1,170,000 - 2024 FY
Stock: $350,000 – approximately
Price: $1,450,000 – plus stock
Profit: $470,000 - includes 1 and ½ x vendor wage
Key Features:
• Established 68 years ago
• The shop has a fully operational jewellery workshop with 3 jeweller benches, and a lot of the equipment required to manufacture and repair most jewellery items.
• This is a functional store - includes all jewellery cabinets & showcases, Pandora furniture, office furniture, staff kitchen, display pads, safe, point of sale system, alarm system, good stocks of retail boxing, reverse cycle air conditioning and automatic entrance doors
• Stock typically appreciates over time and indeed the stock is undervalued - currently
• Ideally positioned in the heart of the town’s bustling shopping strip, this high-visibility location is surrounded by popular retail stores, vibrant cafés, and inviting restaurants—offering convenience and strong foot traffic.
• Prime position and high visibility in a convenient location
• Fantastic range of products that have been tried and tested over many years for the customer demographic and all with great margins.
• A higher-than-average unit value is achieved by stocking original products without price constraints now averaging 62% gross margins.
• The store has been a member of Nationwide Jewellers (the largest group of independent jewellers in Australasia) for 3 years, who provide marketing material, group buying prices, training and business support to their 650 members) (previously with Leading Edge Jewellers buying group for 17 years
• Fantastic POS system providing relevant information allowing optimal stock levels to be maintained thereby maximising sales and minimising stock-outs on fast moving lines. With 2 in-store terminals and a back office terminal
• Customer data base of approximately 13,000, active customers
The vendors are also happy to consider and indeed offer a good transition.
For more information call Rad Benicky on 0411 610 005 or in business hours 02 9413 2977
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