Jewellery Store- Inner West- Fabulous And Fun Business

This Jewellery store has been in existence since 1975 with only two changes of ownership, testifying to its consistent trading patterns. It is located in a thriving centre in the Inner West and  the store has prime position with enormous drawing power from the anchor tenants. It is estimated that 90% of the clientele passes the store at least once a week.
Key Features:
Price includes stock
Prime position and high visibility in a thriving shopping centre.
Excellent fit out- renovated in 2021- nothing to spend.
Excellent lease in place to 2024 plus a 3-year option to extend
Fantastic range of products that have been tried and tested over many years for the customer demographic and all with great margins. A higher-than-average unit value is achieved by stocking original products without price constraints now averaging 62% gross margins.
Proven robust store that has withstood the Covid lockdowns
Member of the largest buying group in Australia. This allows access to all types of wholesalers at discounted prices, trading terms and settlement discounts
Fantastic POS system providing relevant information allowing optimal stock levels to be maintained thereby maximising sales and minimising stock-outs on fast moving lines.
Customer data base of 14,000 all with mobile numbers to drive easy and inexpensive marketing campaigns.
The owner manages the store with back up from experienced staff. It is important to note that the current owner had no jewellery experience when he bought this store. The business basically runs itself with the systems implemented.
Get your investment back in 1 year! Nets owner $290,000 per annum.