Jewellers for sale in Bolton

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £45,000 Annual Turnover: £105,000 Annual Gross Profit: £50,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular jewellery business, which is ideally located within the village of Little Lever, Greater Manchester.

The business was originally established in 1960 and has been in our client’s careful ownership for over 30 years. only now is the business being offered to the market due to our client’s desire to concentrate on his other shop. The business currently operates 6 days per week and generates a turnover in the region of £105,000 per annum, with a gross profit of approximately 48%.

Our client offers a wide variety of jewellery including rings, bracelets, necklaces, watches and children’s jewellery, as well as clocks/barometers, giftware and leather accessories, to name a few. Our client also offers jewellery and watch repairs. The property boasts 49 sq. metres of floor space, is very well maintained and decorated to a very high standard.

The business has built up an excellent reputation within the area and further afield for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high 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 offering Sunday trading. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and services offered.

This is an excellent opportunity for a new owner to take this already busy business to the next level, or it would make an excellent bolt-on for an existing business; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Howarth Jewellers occupies substantial ground floor premises, ideally located on the busy Market Street, within the village of Little Lever, near Bolton in Greater Manchester. 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 area.

Little Lever is a village in the Metropolitan Borough of Bolton. According to the last UK census in 2001, the village had a residential population of 11,505. There are seven schools in Little Lever, five of which are primary schools, there is one secondary school and a special needs school.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property, allowing easy access to the surrounding towns. The nearest railway station is Moses Gate, which is 1½ miles away. The area is also well served by the A-roads, with the business being located on the A6053, which links to the national A-road and motorway networks. Bolton is approximately 3½ miles away and Manchester is 15 miles away.

PREMISES
Substantial ground floor premises in an ideal trading location, briefly comprising:

Main sales and display area with:

2 x large display windows.

Carpeted flooring.

2 x serve over counters with credit/debit card terminal.

Glass display cabinets.

Wall mounted display cabinets.

Shelving to walls.

Customer seating.

Large selection of adult and children’s watches.

CCTV.

Workshop with:

Table and chairs.

Desk with PC.

Large safe.

Storage cupboards.

Workbenches.

WC with hand wash basin.

Small kitchen with sink unit and electrical points (no gas in the building).

External: Small rear yard with bin storage.

TENURE
We are advised Leasehold:

Original lease length: 10 years

Remaining lease length: 5 years

Rent: £7,200 per annum

HOURS
The business is open:

Monday – Tuesday: 9.00am – 5.00pm

Wednesday: 9.00am – 4.00pm

Thursday – Friday: 9.00am – 5.00pm

Saturday: 9.00am – 4.30pm

Sunday: Closed

STAFF
The business is owner run and managed with 2 x staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £105,000 per annum, with a gross profit of approximately 48%.


Tenure: Leasehold

Listed by: Hilton Smythe
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