Jewellers for sale in Waltham Cross

View the "Busy Jewellers & Pawnbrokers For Sale - Hertfordshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Advertising my business on Daltons was a great success. I found a buyer relatively quickly. 

Ahmed Zahir (August 2016)
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Leasehold Price: Offers Invited Annual Turnover: £500,000 Annual Net Profit: £100,000
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Business Description
JEWELLERS AND PAWNBROKERS in busy shopping centre in Hertfordshire. Rare opportunity to acquire an extremely well established family jewellers and pawnbroking business (est 1982) with owner now looking to retire.

The business was first established 35 years ago and since has developed a strong reputation for its range of second hand jewellery, products, services and friendly approach.

Very healthy takings and profits with repeat income streams. Sales y/e 31/7/16 of £500,000 with a net profit of £100,000. Rent £18,000 p.a. Business rates £8184. Very strong existing customer base and loan book.

Income streams from healthy Loan Book, sales, ear piercing, valuations, scrap jewellery purchasing, and repair trade. Opportunity to expand further with introduction of currency exchange counter. Existing trade accounts with leading wholesale suppliers of fine jewellery etc.

The business also benefits from an additional income stream which is its in house Ophthalmic Opticians. This has an established and loyal customer base that could be further expanded either as part of the existing business or as a separate enterprise.

Good size shop floor with offices and rear room offering opportunity to have workshop at rear.

Level of stock purchased with the business will be set at an amount to suit purchaser.
Trading Hours:
9:30am - 5:30pm Mon-Sat (closed Sunday)

Number of Employees: 5-10

Tenure: Leasehold

Support & Training:
Existing owner willing to assist with training and handover of the business.

Location Details: Town centre high St location.

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PAX0704833622
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