Jewellery - Retail - 50% Equity Partner

Business Code: TTQN1104


Key Features: 50% sale

State: QLD

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

Description

Retail jewellery store selling 50% of business and showcasing some of the world’s finest quality jewellery, watches and antique clocks with a proud history dating back over 40 years. - Sells a large range of watches specialising in Rolex, Patek Philippe, Breitling, Jaeger, LeCoultre, IWC, Baume & Mercier and other popular watch brands from around the world. - Exclusive agent for Joe Rodeo watches, a prestigious New York based brand. - In addition to the high-end jewellery and watches, also provides watch and jewellery repairs and the design and manufacturing of individual pieces for clients.

Summary

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

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

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

  • 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.-

Weekly Summary

Weekly Takings
(inc GST)

$22,000

Cost of Goods

$8,285

Gross Profit

$13,715

Rent

$850

Wages

$800

Telephone

$115

Insurance

$200

Misc1

$2,000

Total Expenses

$3,965

Estimated Stock (Additional)

$3,000,000

Equipment (Included)

$500,000

Net Profit

$9,750

Price

$1,000,000

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