Retail - Watches - Jewellery - Repairs

Business Code: TTQJ1118


Key Features: Established 20 years

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 20 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 20 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: 7 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: 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.

Weekly Summary

Weekly Takings
(inc GST)

$7,800

Cost of Goods

$2,590

Gross Profit

$5,210

Rent

$680

Wages

$885

Outgoings

$160

Telephone

$50

Insurance

$55

Electricity

$20

Misc1

$157

Total Expenses

$2,007

Estimated Stock (Additional)

$55,000

Equipment (Included)

$5,000

Net Profit

$3,203

Price

$249,000

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