Visit this listing at https://www.sbx.com.au/business?id=M1901

Business Code: M1901

Key Features: Retail - Sales $25,000 p.w - Jewellery - Watches - Blacktown - Nett $6,135 p.w

State: NSW

Suburb: Blacktown, 2148

Location: Prime location in major shopping centre in Western suburbs.

Description

Retail jewellery store selling top brand watches including Longines, Rado, Oris, Victorinox, Seiko and high grade gold and diamond jewellery. - Set up cost was $350k.

Summary

  • Features: Luxurious fitout. - Exclusive agency with top brand watch company - Very secure income and profit.
  • Potential: This new store has only been open for 5 weeks with the takings constantly growing and expect the first years turnover could reach $ 1.6 million.
  • Premises: Brand new shop with top fitout and an area of 68m2.
  • Trading Hours: 7 days - 9 a.m.- 4 p.m. - Thurs. till 9 p.m.
  • Lease: New 5 years commenced July 2016. - 5% increases. - 3 months bond.
  • Employees: 2 owners + one staff
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$23,500

Cost of Goods

$14,100

Gross Profit

$9,400

Rent

$1,730

Wages

$1,000

Outgoings

$369

Telephone

$20

Insurance

$125

Electricity

$21

Total Expenses

$3,265

Estimated Stock (Additional)

$1,500,000

Net Profit

$6,135

Price

$550,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Retail - Jewellery - Watches

Business Code: M1901
Price: $550,000

Key Features: Retail - Sales $25,000 p.w - Jewellery - Watches - Blacktown - Nett $6,135 p.w

State: NSW

Suburb: Blacktown, 2148

Location: Prime location in major shopping centre in Western suburbs.

Description

Retail jewellery store selling top brand watches including Longines, Rado, Oris, Victorinox, Seiko and high grade gold and diamond jewellery. - Set up cost was $350k.

Summary

  • Features: Luxurious fitout. - Exclusive agency with top brand watch company - Very secure income and profit.
  • Potential: This new store has only been open for 5 weeks with the takings constantly growing and expect the first years turnover could reach $ 1.6 million.
  • Premises: Brand new shop with top fitout and an area of 68m2.
  • Trading Hours: 7 days - 9 a.m.- 4 p.m. - Thurs. till 9 p.m.
  • Lease: New 5 years commenced July 2016. - 5% increases. - 3 months bond.
  • Employees: 2 owners + one staff
  • Sale Reason: Too busy with another similar business.
  • Comments: This premium business suits long term investor with abundant capital strength. - The precious and large amount of stock has value function of preserving or increasing, however it can be adjusted if desired. - All financial details can be reviewed on meeting with serious buyers. - please do not approach and talk to the staff when visiting the business. - A rare opportunity.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Weekly Takings
(inc GST)

$23,500

Cost of Goods

$14,100

Gross Profit

$9,400

Rent (ex GST)

$1,730

Wages

$1,000

Outgoings

$369

Telephone

$20

Insurance

$125

Electricity

$21

Total Expenses

$3,265

Estimated Stock (Additional)

$1,500,000

Net Profit

$6,135

Price

$550,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.