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$672,000
Refer to Broker
This is an excellent opportunity to acquire one of Melbourne’s best-known bespoke jewellers, highly profitable, well-established and run with minimal owner input. The business offers a diverse range of products manufactured from natural diamonds, lab grown and coloured stones making it resilient to market moves.
This established jewellery business has operated for over 25 years, with a strong reputation and high-traffic location. It trades only on weekdays,(open four days a week to public, one day behind closed doors) is staffed by two experienced jewellers and allows the owners to work a 9-day fortnight while earning over $500K in wages.
Despite its strong performance, the business remains under-marketed. Its CRM of 10,600 contacts has never been used for mailouts or advertising; all leads have been generated organically via social media and referrals. It averages 5+ engagement ring orders per week and has generated $1.9M in turnover with a $672K net profit this year, offering clear growth potential.
*$1.9M turnover this year. (Up 9.7% per year for the last 3 years)
*$672K net profit
*No weekends
*(Full jewellery workshop equipped with four benches)
*Five to six weeks' holidays
*2 full-time jewellers, non-family staff
*5+ engagement ring orders weekly
*No paid ads
*10,600+ untapped CRM contacts
*5+5+5-year lease (or purchase shop)
Don’t miss this rare chance to own a top-performing jewellery brand. Contact Simon today to discuss this standout opportunity.
Listing ID: ME03037
Broker: Simon Sheridan
Phone: 0400 858 900
Email: [email protected]
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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