Retail Jewellery & Watch Repair Workshop

<p>Retail Jewellery Store</p><p>Including Watch and Jewellery Repair Workshop</p><p>Established in 1957, this long‑standing jewellery store boasts a 69‑year trading history and an iconic reputation in the region.</p><p>Located in South Australia's second‑largest city, the business benefits from a thriving regional centre with approximately 60,000 residents within a 100km catchment area. The store occupies a prime CBD position with excellent visibility and strong foot traffic. Competition is minimal, with only one other independent jeweller in town and no other stores offering an on‑site jeweller.</p><p><b>Financial Overview</b></p><ul> <li><b>Turnover:</b> $1,170,000 (FY2024)</li> <li><b>Stock:</b> Approximately $350,000</li> <li><b>Price:</b> $1,250,000 + stock</li> <li><b>Profit:</b> $470,000 (includes 1.5× vendor wage)</li> </ul><p><b>Key Features</b></p><p><b>Well‑Established & Fully Equipped</b></p><ul> <li>Operating for 69 years with a trusted local reputation.</li> <li>Fully operational jewellery workshop with <b>3 jeweller benches</b> and extensive equipment for manufacturing and repairs.</li> <li>Complete retail fit‑out including cabinets, showcases, Pandora furniture, POS system, alarm system, safe, display pads, staff kitchen and toilet, and reverse‑cycle air conditioning.</li> </ul><p><b>Prime Location</b></p><ul> <li>Positioned in the heart of the main shopping strip, surrounded by popular retailers, cafés, and restaurants.</li> <li>High visibility with convenient off‑street parking at the rear.</li> </ul><p><b>Strong Product Offering & Margins</b></p><ul> <li>Product range refined over many years to suit the local demographic, delivering consistently strong margins.</li> <li>Average gross margin of <b>62%</b>, supported by original, non‑price‑restricted product lines.</li> <li>Stock is noted as undervalued and typically appreciates over time. With gold and silver price rises adding value to the stock already in store.</li> </ul><p><b>Operational Strengths</b></p><ul> <li>Member of <b>Nationwide Jewellers</b>, providing marketing, group buying, training, and business support. Previously with Leading Edge Jewellers for 17 years.</li> <li>Excellent POS system with two in‑store terminals and a back‑office terminal, enabling optimal stock management and minimising stock‑outs.</li> <li>Customer database of approximately <b>13,000 active customers</b> (last 36 months), all with mobile numbers for cost‑effective marketing.</li> <li>Experienced team: owner‑operator couple supported by four loyal staff including two off‑site contractors.</li> </ul><p><b>Opportunities for Growth</b></p><ul> <li>Strong potential to expand <b>custom‑made jewellery</b>, supported by the fully equipped workshop.</li> <li>Existing shopping‑enabled website could be enhanced with a <b>design‑your‑own jewellery module</b> to capture online custom orders.</li> <li>The region is experiencing ongoing population growth, expected to continue over the next decade.</li> <li>Vendors are committed to offering a smooth and supportive transition period.</li> </ul><p><b>Contact</b></p><p>For further information, please contact:<br> <b>Rad Benicky</b><br> XXXXXXXXXX <br> XXXXXXXXXX (business hours)</p>