Intelligent Business Transfer are delighted to bring to the market this superb opportunity to purchase this very niche jewellers, based in Europe's only Jewellery Quarter.
The business has so much momentum that it started in 2013 and despite high overheads in year 1 and aggressive expansion and reinvestment in year 2 the business still has experienced financial growth on a monthly basis since day 1. The business has a great reputation in their industry and has been endorsed by a number of A list celebrities. The business can boast impressive profit margins (500% or more) and huge potential for future success and growth in an extremely lucrative industry.
The turnover for the first year and last year was in the region of £70,000, with net profit figure in the region of £20,000 and an even higher adjusted net profit figure. This year is projected at just under 80k turnover.
Despite these impressive financial figures, a potential buyer could improve these significantly with minimal spending , if they were to increase the advertising of the business to raise awareness. The business currently relies on their reputation alone and if you were to increase the advertising of the business, the sales revenue would increase significantly.
The existing owner is so confident of success that he is willing to stay for a extended period of time to ensure that the new owners are trained on any building of products, make introductions to suppliers. Even though it is with much regret that the current vendor is selling the business due to relocation. It is to great advantage to the next owner that this business is geared up and ready with a solid foundation and an outline of success for the next 20 or more years to come
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