SBX Business Brokers - Businesses for sale Sydney

Jewellery - Retail - 50% Equity Partner - Gold Coast - (Code: TTQN1104)

50% sale

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Price: $1,000,000






Weekly Takings (inc GST) $22,000
Cost of Goods $8,285
Gross Profit $13,715
Rent $850
Wages $800
Outgoings $
Telephone $115
Insurance $200
Electricity $
Gas $
Misc 1 $2,000
Misc 2 $
Total Expenses $3,965
Net Profit $9,750
Coffee Kilos P/W 0.0

Estimated Stock

$3,000,000
(Additional)

Equipment

$500,000
(Included)
All other values
exclude GST
General Description


Potential
The business has been approved by Australian Government Department Of Home Affairs as a standard business sponsor and expires 18 May, 2023-

Features
Excellent display & fitout - Established over 40 years - An iconic watchmaker & jeweller - No competition - Top security - Profitable

Premises
This business has an area around 100 sq.mts.

Location
Situated in the hub of the Gold Coast close to beaches, busy shopping area and renowned restaurant precinct.

Trading Hours
5 days - Tues. - Sat. - 10 a.m. - 5 p.m.

Lease
Current lease expires 31/12/2018 + 2 years option - C.P.I. annual increases - 3 month bond.

Employees
2 owners + 2 casuals

Comments
This business would suit an owner operator entering a very secure and successful existing jewellery business.- Rare opportunity to benefit from long term owner prepared to train and guide new 50% equity partner.- The purchase price of $1million will purchase 50% of existing business including $800,000 of existing stock, however the current vendor will also place an additional $1.4 million in stock on consignment, to be sold in the future. There are many benefits to this business with tremendous opportunity to be an owner of one of the best Jewellery Retailers on the Gold Coast.


SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXTTQN1104

For more details please call (02) 9439 4403
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