Hilton Smythe is delighted to welcome to the market this well-established and popular gift and jewellery shop in Belper, Derbyshire.
The business was established by our client in October 2014 and is only now, reluctantly, being offered to the market due to our client’s other work commitments. The business operates 6 days per week and generates a turnover in the region of £100,000 per annum, with a good gross profit.
Our client specialises in high quality gifts and jewellery including Festina men’s & ladies watches, clocks, earrings, necklaces, rings, glassware, bronzes, lamps, candles, handbags and purses, to name a few. Our client also offers repair services for jewellery, watch and clock engraving and watch batteries. This service is provided by our client’s father, who would be prepared to stay on with the business and undertake the repair service on a sub contracted basis.
The business has built up an enviable reputation within the short time of being in operation, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening on Sundays. The business is currently run under management, with occasional owner’s supervision, offering a hands on owner tremendous scope to take over and reduce the wages bill. A new owner could also embark on a modest marketing campaign to highlight the high quality goods and services offered.
There is already a comprehensive and informative website in place to promote the business, with online ordering facilities. Our client has not had the time to fully exploit the website to its full potential, which offers scope to introduce new stock items.
We feel this is an excellent opportunity to acquire a thriving gift and jewellery shop with huge scope for future growth; therefore early viewing must come highly recommended to avoid disappointment.
Brilliant Things Ltd occupies substantial two storey premises, ideally located on the very busy King Street in Belper, Derbyshire. The business is surrounded by a wealth of complimentary shops and businesses and benefits from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the vicinity.
Belper is a small market town on the River Derwent. The town has a history dating back to Norman times and was originally known for nail making. The town is now a central point of the Derwent Valley Mills World Heritage Site, with much of the older parts being within the Belper and Milford Conservation Area.
The area of the business is well served by the public transport system with several bus stops within easy walking distance of the property. Belper railway station is just a two minute walk away. The area is also well served by the A-roads, with the business being located just off the A6, which links to the national A-road and motorway networks. Derby is approximately 8 miles away and Nottingham is 19½ miles away.
Attractive mid-parade, two-storey, lock-up premises, briefly comprising:
Spacious and attractive sales and display area of approximately 750 sq. feet.
14 x upright glass display cabinets.
3 x centre display units.
Serve over counter with electronic cash register.
Various display units to perimeter walls.
Rear shelved stock room.
3 x stock rooms.
2 x WCs.
We are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 9 years
Review every: 5 years with a break clause
Rent: £15,500 per annum
The business operates:
Monday: 10.00am – 5.00pm
Thursday: 10.00am – 5.00pm
Friday: 10.00am – 5.00pm
Saturday: 10.00am – 5.00pm
The business is currently manager run with 2 x part time staff members.
The business generates a turnover in the region of £100,000 per annum, with a good gross profit.
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