Internal Ref: RB 358
Summary
Retail Jewellery Store • Turnover: $1,170,000 (FY2024) • Stock: Approximately $350,000 • Price: $1,250,000 + stock • Profit: $470,000 (includes 1.5× 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 Store
Including Watch and Jewellery Repair Workshop
Established in 1957, this long standing jewellery store boasts a 69 year trading history and an iconic reputation in the region.
Located in South Australia’s second largest city, the business benefits from a thriving regional centre with approximately 60,000 residents within a 100km catchment area. The store occupies a prime CBD position with excellent visibility and strong foot traffic. Competition is minimal, with only one other independent jeweller in town and no other stores offering an on site jeweller.
Financial Overview
• Turnover: $1,170,000 (FY2024)
• Stock: Approximately $350,000
• Price: $1,250,000 + stock
• Profit: $470,000 (includes 1.5× vendor wage)
Key Features
Well Established & Fully Equipped
• Operating for 69 years with a trusted local reputation.
• Fully operational jewellery workshop with 3 jeweller benches and extensive equipment for manufacturing and repairs.
• Complete retail fit out including cabinets, showcases, Pandora furniture, POS system, alarm system, safe, display pads, staff kitchen and toilet, and reverse cycle air conditioning.
Prime Location
• Positioned in the heart of the main shopping strip, surrounded by popular retailers, cafés, and restaurants.
• High visibility with convenient off street parking at the rear.
Strong Product Offering & Margins
• Product range refined over many years to suit the local demographic, delivering consistently strong margins.
• Average gross margin of 62%, supported by original, non price restricted product lines.
• Stock is noted as undervalued and typically appreciates over time. With gold and silver price rises adding value to the stock already in store.
Operational Strengths
• Member of Nationwide Jewellers, providing marketing, group buying, training, and business support. Previously with Leading Edge Jewellers for 17 years.
• Excellent POS system with two in store terminals and a back office terminal, enabling optimal stock management and minimising stock outs.
• Customer database of approximately 13,000 active customers (last 36 months), all with mobile numbers for cost effective marketing.
• Experienced team: owner operator couple supported by four loyal staff including two off site contractors.
Contact
For further information, please contact:
Rad Benicky
0411 610 005
02 9413 2977 (business hours)
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