Visit this listing at https://www.sbx.com.au/business?id=TTQJ1118

Business Code: TTQJ1118

Key Features: Retail - Watches - Jewellery - Gold Coast - Sales $7,960 p.w.

State: QLD

Suburb: Southport, 4215

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

Description

Retail watch and jewellery store offering sales and repairs for nearly 22 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.

Summary

  • Features: Brand new fit out - Very cheap rent - Long lease - Loyal customer database for nearly 22 years.
  • Potential: Could introduce social media - Do some local advertising - Open on Sundays - Get Second Hand Licence.
  • Premises: Brand new shop of 35 sq.mts.
  • Trading Hours: 6 days - Mon. - Wed. & Fri. - 9 a.m. to 5:30 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:

Weekly Summary

Weekly Takings (inc GST)

$7,960

Cost of Goods

$3,180

Gross Profit

$4,780

Rent

$860

Wages

$980

Outgoings

$140

Telephone

$80

Insurance

$75

Electricity

$25

Misc1

$180

Total Expenses

$2,340

Estimated Stock (Additional)

$65,000

Equipment (Included)

$5,000

Net Profit

$2,440

Price

$160,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Retail - Watches - Jewellery - Repairs

Business Code: TTQJ1118
Price: $160,000

Key Features: Retail - Watches - Jewellery - Gold Coast - Sales $7,960 p.w.

State: QLD

Suburb: Southport, 4215

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

Description

Retail watch and jewellery store offering sales and repairs for nearly 22 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.

Summary

  • Features: Brand new fit out - Very cheap rent - Long lease - Loyal customer database for nearly 22 years.
  • Potential: Could introduce social media - Do some local advertising - Open on Sundays - Get Second Hand Licence.
  • Premises: Brand new shop of 35 sq.mts.
  • Trading Hours: 6 days - Mon. - Wed. & Fri. - 9 a.m. to 5:30 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.
  • Sale Reason: Owners retiring
  • 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.

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)

$7,960

Cost of Goods

$3,180

Gross Profit

$4,780

Rent (ex GST)

$860

Wages

$980

Outgoings

$140

Telephone

$80

Insurance

$75

Electricity

$25

Misc1

$180

Total Expenses

$2,340

Estimated Stock (Additional)

$65,000

Equipment (Included)

$5,000

Net Profit

$2,440

Price

$160,000

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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.