Jewellery Store- Inner West- Fabulous and fun business
Jewellery Store- Inner West- Fabulous and fun business
Industry :
ProfessionalSub Industry :
AccountingThis 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.
- To negotiate the best possible result in every transaction for every client.
- To market every business listed with us with optimum efficiency and speed.
- To project every client's business and name professionally and with appropriate confidentiality in the market place, and
- To maintain effective communication with every client throughout the marketing period.
- To make the name of CORE BUSINESS BROKERS synonymous with integrity and fair dealing.
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$325,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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