Jewellers for sale in Bury

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Sarah Davies (June 2014) View More
Leasehold Price: £69,950 Turnover: £62,400 Gross Profit: £46,000
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Business Description
Hilton Smythe is delighted to welcome to the market this well-established and thriving jewellery business, located in a prime trading position in Bury Indoor Market, Greater Manchester.

The business was established in 1964 and has been in our client`s careful ownership since 1984. Only now is the business being offered to the market due to our client`s desire for a well-earned retirement. The business operates 5 days per week and generates a turnover in the region of £62,400 per annum, with a gross profit of approximately 74%.  

Our client offers a wide variety of high range, top quality jewellery, watch repairs and valuations, as well as buying and selling gold and diamond jewellery. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base with a lot of repeat trade and word of mouth referrals.

Our client boasts many contacts to suppliers and trade.  We feel there is scope to increase the turnover by extending the opening hours, as our client is currently closed on Tuesdays. There is also scope for a new owner to establish a website for the business, as there is currently none available, which could incorporate an online ordering system, which would further boost the turnover.

This is an excellent opportunity for a new owner to take this already thriving and busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Terry`s Jewellers Bury Ltd occupies a unit in the world famous indoor market in the town of Bury, Greater Manchester. The business is surrounded by a wealth of complimentary shops and businesses and benefits from a vast amount of footfall within the area.

Bury market is one of Britain's finest markets. Located in the heart of Bury town centre, Bury Market is a traditional Lancashire market, boasting over 350 stalls offering the finest in local and regional produce, fresh fruit and vegetables, fish and meat plus much more.

Bury lies on the River Irwell and is surrounded by smaller settlements, which together form the Metropolitan Borough of Bury.  The town centre is well served by the public transport systems with bus stops and the main bus station within easy walking distance of the business. The town also boasts a tram service to Altricham, Eccles, Rochdale, Ashton-under-Lyne, east Didsbury, MediaCityUK in Salford and Manchester Piccadilly Station.

The area is also well served by the A-roads, with both the A56 and A58 being within easy driving distance, which link to the vast A-road and motorway networks. Bolton is approximately 6½ miles away and Manchester is 10 miles away.

Indoor market unit in a prime trading location, briefly comprising:  

Glass display windows to three sides with security shutters.

Perimeter display shelving. Jewellery display boards and cases.

Watch strap displays.

Large safe with a time lock and time delay.

Electronic cash register and credit/debit card payment facilities.

We are advised Leasehold:  

Original lease length: 7 years

Remaining lease length: 3½ years

Rent: £87 per week

The business is open:  

Monday: 9.00am - 5.00pm

Wednesday - Saturday: 9.00am - 5.00pm

Sunday: Closed

The business is owner run and managed.

The business generates a turnover in the region of £62,400 per annum, with a gross profit of approximately 74%.

Tenure: Leasehold

Listed by: Hilton Smythe
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