Jewellers for sale in Isle of Wight

View the "An intriguing little jewelry shop, filled with new and antique jewelry, watches and curiosities" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 Unbelievable, as I've saved hundreds on agents fees, by doing it myself. 

Anjam Hussain (Jun 2017)
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Leasehold Price: £25,000 Price Reduced Annual Turnover: £35,663
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Business Description
This jewellers is often the first port of call for jewellery purchases and repairs, in this busy coastal town. As a small business, the owner is receptive to customer demand, and offers a warm and friendly service. The owner is also able to outsource repair work to a local jeweler and craftsman on the Island, and in doing so is able to deliver a wide portfolio of jewellery products for sale, and repair services. The business also trades in precious metals, collecting old unwanted jewellery, and selling it for recycling and re-designing.

This is a well-established business and has been trading under the current ownership for 24 years. This is a well-managed sole-trader business and enjoys all-year-round regular customers. It is centrally located in a busy coastal town and is a well-respected business within the local community.

Potential Growth Opportunities for growth might include keeping a more extensive range of higher value inventory, and developing the provision of contracted services to enable customised jewellery design and commissions, personalized and seasonal jewellery, and more sophisticated watch repairs for antique watches.

Facilities Bijoux Jewellers offers a small shop space (3.26m x 5.7m), shop window, back office or workshop space, and toilet.

Competitive Overview The business is located on a busy high street in a coastal holiday town, enjoying a good customer base of regulars, passers-by, and both beach and festival tourists. During the winter months there is a regular flow of customers (10-15) on a daily basis, with some good high-value value sales on a weekly basis. The business is well-respected among local customers and enjoys referrals and repeat custom. During the high seasons at Christmas and over the summer, the business enjoys 30-40% growth in sales, stocking additional inventory in response to customer demand. The annual turnover in sales is typically £35K p/a and may be broken down as approx. 85% jewellery sales, 10% fine art products and 5% repairs.

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Number of Employees: 1

Tenure: Leasehold

Listed by: Transworld Business Advisors

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