Jewellery Workshop, Manufacture & Retail

Jewellery Workshop, Manufacture & Retail

This Jewellery store was established in 1983, testifying to its consistent trading history and iconic reputation in the local area and beyond.

It is located in a thriving centre in the Western Suburbs of Sydney and the store has prime position with enormous drawing power from the anchor tenants.

• ü Turnover: $1,748,000 - 2024 FY
• ü Profit: $300,000 - includes 1x vendor wage – average last 3 years
• ü Stock: $600,000 – approximately
• ü Price: $300,000 – plus stock

Key Features:

• Established 42 years ago
• The shop incorporates a fully operational jewellery workshop with 3 jeweller benches, and all of the equipment required to manufacture and repair most jewellery items.
• Beautifully designed store - includes all jewellery cabinets & showcases, display pads, safe, point of sale system, alarm system with a replacement value of $200,000
• Stock typically appreciated over time and indeed the stock is undervalued - currently
• Prime position and high visibility in a thriving shopping centre.
• 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 29 years, who provide marketing material, group buying prices, training and business support to their 650 members)
• 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 approximately 30,000, (conservatively) all with mobile numbers to drive easy and inexpensive marketing campaigns.

The owner manages the store with back up from 11x experienced and loyal staff including 3x contractors/valuers.

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 can be significantly enhanced by adding an online shop and a jewellery design module for consumers to create and submit their own designs for manufacture

The store is located in a high population area which is expected to achieve substantial growth over the next ten years.

The sales in 2024 were adversely affected by the poor economic conditions in Australia. With interest rates now reducing, sales over the next two years are expected to increase.

The vendors are also happy to consider and indeed offer a good transition.

For more information call Rad Benicky on 0411 610 005 or in business hours 02 9413 2977