JEWELLERS / REPAIRS

Price:

Leasehold - £39,950

Seller Ref:

1457

Location:

North Yorkshire

Business Type:

Retail businesses

See Other:

Jewellers for sale in North Yorkshire
Retail businesses for sale in North Yorkshire

Description:

THE BUSINESS:

JEWELLERS / REPAIRS - YORK
Popular village outskirts York city centre
T/O £168,392 high gross profit (60% repairs) very profitable
Same family ownership 50 years virtual unopposed loyal customer base
Tremendous scope for development
Early viewing essential to fully appreciate
LEASEHOLD

Business History

Meridian Business Sales takes great pleasure in offering for sale this well established family business which has been in the same family ownership for the past 52 years and is only now reluctantly being placed on the market because of other business interests. Our clients have during their long reign of ownership built up an exceptionally loyal customer base which has resulted in a turnover of £168,392 for 2007 with a very high gross profit margin of 44%. The business is operated by both husband and wife who employ an occasional part time counter sales assistant. The main source of income is generated through small jewelry repairs which account for approximately 60% of turnover and is further enhanced by the sale of reasonably priced jewellery items. Our client has advised us that they sub-contract out work for specialist jewellery repairs including watch and clock repairs which could easily be repaired in house if the business was purchased by an experienced jeweller. Viewing is therefore highly recommended as businesses of this nature rarely stay on the market for long.

Location Details:

Acomb court jewellers is situated within the main shopping area of the popular village of Acomb which is approximately 10mins drive from York City centre and only a few minutes off the A1237 York ring road.

Lease Terms:

Leasehold Original length: 10 years Remaining: 5 years Review: 3 years Rent £10,992 per annum (New lease negotiable if needed)

Accommodation:

Single fronted two storey mid parade lockup unit briefly comprising:- GROUND FLOOR Sales & display area purpose fitted to suit trade including glass display/counter 2 x Free standing display cabinets Large wall display cabinet with under cupboard storage Rear wall mounted display unit Window display Rear workshop with work surfaces part shelving and sink unit FIRST FLOOR One room used as a workshop / office with work surfaces around the perimeter and a computer desk Separate W/C with wash basin