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Jewellery - Retail - 50% Equity Partner - 50% sale

Listing Id : 245933

Location : Queensland

Category : Others

Asking Price : 1,000,000

Business description

Jewellery - Retail - 50% Equity Partner - Gold Coast - Agent SBX Code Number: TTQN11**** **** Retail jewellery store selling 50% of business and showcasing some of the worlds 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. Potential The business has been approved by Australian Government Department Of Home Affairs as a standard business sponsor and expires 18 May, 2**** **** 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. Figures Weekly Sales $22000 Rent (ex GST) $850 Wages $800 Profit $9750 Agent SBX Code Number: TTQN11**** **** - SBX Business Brokers


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