Retail Jewellery & Watch Repair Workshop
Adelaide, South Australia 5000
$1,250,000
Key Features
AI generated. Contact seller to confirm.
- Established 68 years with iconic local reputation
- Fully operational workshop with three jeweller benches
- Includes cabinets, Pandora furniture, POS and alarm
- Prime high-visibility location in town shopping strip
- Strong customer database of approximately 13,000 contacts
- Average gross margins around 62%
- Turnover: $1,170,000
- Net Profit: $470,000
- Rent/Lease: Not disclosed
- Stock Value: $350,000
- Established: 1957
Business Details
Business Category Arts and Crafts Clothing Accessories Product Manufacturer Repair
Retail Jewellery & Watch Repair Workshop
This Jewellery store was established in 1957, testifying to its consistent trading history and iconic reputation in the local area and beyond.
It is located in the second largest city in a thriving, vibrant centre in the regional area and the store has prime and well known reputation and indeed position. There is very little jewellery store competition in town. One other independent Jewellery store, no on-site jeweller and 1 x Michael Hill and 1 x Prouds Jewellers, also no in-store jeweller.
Turnover: $1,170,000 - 2024 FY
Stock: $350,000 – approximately
Price: $1,250,000 – plus stock
Profit: $470,000 - includes 1 and ½ x vendor wage
Key Features:
• Established 68 years ago
• The shop has a fully operational jewellery workshop with 3 jeweller benches, and a lot of the equipment required to manufacture and repair most jewellery items.
• This is a functional store - includes all jewellery cabinets & showcases, Pandora furniture, office furniture, staff kitchen, display pads, safe, point of sale system, alarm system, good stocks of retail boxing, reverse cycle air conditioning and automatic entrance doors
• Stock typically appreciates over time and indeed the stock is undervalued - currently
• Ideally positioned in the heart of the town’s bustling shopping strip, this high-visibility location is surrounded by popular retail stores, vibrant cafés, and inviting restaurants—offering convenience and strong foot traffic.
• Prime position and high visibility in a convenient location
• 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.
• The store has been a member of Nationwide Jewellers (the largest group of independent jewellers in Australasia) for 3 years, who provide marketing material, group buying prices, training and business support to their 650 members) (previously with Leading Edge Jewellers buying group for 17 years
• Fantastic POS system providing relevant information allowing optimal stock levels to be maintained thereby maximising sales and minimising stock-outs on fast moving lines. With 2 in-store terminals and a back office terminal
• Customer data base of approximately 13,000, active customers in the last 36 months (conservatively) all with mobile numbers to drive easy and inexpensive marketing campaigns.
The owner manages the store with his wife and back up from 4 experienced and loyal staff including 2 x off site contractors.
Opportunities for Growth
This store is perfectly positioned and equipped to take advantage of the continued growth in consumer demand for custom made jewellery.
The store’s website is shopping enabled but could be significantly enhanced by adding a jewellery design module for consumers to create and submit their own designs for manufacture
The store is located in a growing population area which is expected to achieve significant growth over the next ten years.
The vendors are also happy to consider and indeed offer a good transition.
For more information call Rad Benicky on XXXXXXXXXX or in business hours XXXXXXXXXX
This Jewellery store was established in 1957, testifying to its consistent trading history and iconic reputation in the local area and beyond.
It is located in the second largest city in a thriving, vibrant centre in the regional area and the store has prime and well known reputation and indeed position. There is very little jewellery store competition in town. One other independent Jewellery store, no on-site jeweller and 1 x Michael Hill and 1 x Prouds Jewellers, also no in-store jeweller.
Turnover: $1,170,000 - 2024 FY
Stock: $350,000 – approximately
Price: $1,250,000 – plus stock
Profit: $470,000 - includes 1 and ½ x vendor wage
Key Features:
• Established 68 years ago
• The shop has a fully operational jewellery workshop with 3 jeweller benches, and a lot of the equipment required to manufacture and repair most jewellery items.
• This is a functional store - includes all jewellery cabinets & showcases, Pandora furniture, office furniture, staff kitchen, display pads, safe, point of sale system, alarm system, good stocks of retail boxing, reverse cycle air conditioning and automatic entrance doors
• Stock typically appreciates over time and indeed the stock is undervalued - currently
• Ideally positioned in the heart of the town’s bustling shopping strip, this high-visibility location is surrounded by popular retail stores, vibrant cafés, and inviting restaurants—offering convenience and strong foot traffic.
• Prime position and high visibility in a convenient location
• 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.
• The store has been a member of Nationwide Jewellers (the largest group of independent jewellers in Australasia) for 3 years, who provide marketing material, group buying prices, training and business support to their 650 members) (previously with Leading Edge Jewellers buying group for 17 years
• Fantastic POS system providing relevant information allowing optimal stock levels to be maintained thereby maximising sales and minimising stock-outs on fast moving lines. With 2 in-store terminals and a back office terminal
• Customer data base of approximately 13,000, active customers in the last 36 months (conservatively) all with mobile numbers to drive easy and inexpensive marketing campaigns.
The owner manages the store with his wife and back up from 4 experienced and loyal staff including 2 x off site contractors.
Opportunities for Growth
This store is perfectly positioned and equipped to take advantage of the continued growth in consumer demand for custom made jewellery.
The store’s website is shopping enabled but could be significantly enhanced by adding a jewellery design module for consumers to create and submit their own designs for manufacture
The store is located in a growing population area which is expected to achieve significant growth over the next ten years.
The vendors are also happy to consider and indeed offer a good transition.
For more information call Rad Benicky on XXXXXXXXXX or in business hours XXXXXXXXXX
What's Nearby
Nearby Locations
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.