Profile
Description:
UNDER OFFER – This Jewellery store has been in existence since 1975 with only two changes of ownership, testifying to its consistent trading patterns. It is located in a thriving centre in the Inner West and the store has prime position with enormous drawing power from the anchor tenants. It is estimated that 90% of the clientele passes the store at least once a week.
Key Features:
- Prime position and high visibility in a thriving shopping centre.
- Excellent fit out- renovated in 2021- nothing to spend.
- Excellent lease in place to 2024 plus a 3-year option to extend
- 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.
- Proven robust store that has withstood the Covid lockdowns
- Member of the largest buying group in Australia. This allows access to all types of wholesalers at discounted prices, trading terms and settlement discounts
- Fantastic POS system providing relevant information allowing optimal stock levels to be maintained thereby maximising sales and minimising stock-outs on fast moving lines.
- Customer data base of 14,000 all with mobile numbers to drive easy and inexpensive marketing campaigns.
- The owner manages the store with back up from experienced staff.
Financials
For Sale Price: $175,000
Long financials: 3 Years
Turnover: $931,000
Net Profit: $298,000
Period: Annualy
Rent: $111,436
Lease: Expires Dec 2027 including option
Staff: Owner plus 3 casuals
Stock: $150,000
Broker
Broker:
- Roy Levy 0416 124 860
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Confidentiality Agreement
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Status: Under Offer
Code: RN 621
Category: Non Food
For Sale Price: $175,000
Location: Inner West
Turnover: $931,000
Period: Annualy
Net Profit: $298,000
Rent: $111,436
Stock: $150,000
Long financials: 3 Years
Staff: Owner plus 3 casuals
Sold: Yes