For Sale $195,000
[This property is Under Offer]

Core Business Brokers
802 Pacific Highway,
Gordon, NSW 2072


Retail for sale


For Sale $195,000

Business Details

Retail Jewellery Store Inner West

This successful Jewellery store has been operational since 1975, specializing in the sale of gold and diamond jewellery, silver jewellery, watches and clocks and a hand selected range of antique and estate jewellery and they stock most of the leading jewellery brands. In recent years 2 popular branded agencies have been added to the range of products. Excellent gross margins achieved whilst being extremely competitive.
It has a trusted name and reputation for excellent quality, excellent service and fair value and is well known for its range of products and service throughout Sydney.
They are situated in a good position in a busy Inner West shopping centre with high visibility. They have a good fit out which was upgraded in 2015. The stock is regularly turned over so there is no redundant stock issues. They also offer repair services and manufacturing through long and strong contractor relationships.
In addition there are agency agreements in place with certain high profile product ranges which provides a meaningful point of difference in the product offerings.
A sophisticated website with a shopping cart and a loyalty program is in place and this took 2 years at great cost to design and create. There is huge potential in this area and computer skills from a new owner would take this important division to new heights. This site has recently been incorporated into the retail store in order to minimise costs and administration.
The owner manages the store and works 4 days a week with back up from his loyal and very experienced staff.
A very well established store, extremely well known with a huge amount of goodwill. It has been in existence since 1975 and is known as a premier jewellery store in Leichhardt.
This is a wonderful opportunity for a Buyer to purchase an existing business with an outstanding reputation and products, at a bargain base price with generous Vendor assistance.
Net profit to owner/operator $201,000 pa.

Summary »

  • Business Category: Retail
  • Business Sub Category: Clothing/Accessories
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Core Business Brokers
802 Pacific Highway,
Gordon, NSW 2072

Phone: 94132977
Fax: 94133818

Roy Levy
Phone: 0294132977
Mobile: 0416124860

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