Jewellers for sale in Barnstaple

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Coopers Jewellery, Devon

Barnstaple, Devon, England

  • Leasehold Price: £90,000  Price Reduced arrow_drop_down
Seller Reference: KBT47518
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Business Description
 
 
 
 
 
 
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Seller Reference: KBT47518
Request Details
Business Description
• 10 years trading history with an excellent reputation
• Prime high street location, Low rent and rates available, leasehold
• Turnover above 350k annum/minimum EBITDA currently 40k and growing. Huge potential to increase revenue through on-line sales and increased opening hours.
• All assets included website, Fixtures and fittings, large safe

A well established and family owned Antique Jewellery Retailer located upon the High Street in Barnstaple North Devon Trading for 10 years and only now offering at a greatly reduced value due to retirement and ill health. Classic premises, low rent and rates. Facing Green Lanes Shopping Centre
Current figures give EBITDA at aprox 40k and Growing. Excellent potential to do more
Leasehold sale at best offer near £90,000 for quick sale plus stock, stock can be what you need up to full stock at 500k
Ref 47518

This is an excellent opportunity to acquire a specialist antique jewellery business located in the heart of Barnstaple, North Devon, centrally placed upon the high street. Coopers Jewellery is a family owned and operated business with over 10 years of experience in delivering an excellent service and high quality products. They started trading in the area over 20 years ago.

The business was started by our client over ten years ago. The vendors specialise in antique jewellery. People come from all over the area to see the beautiful jewellery that Cooper’s offers in its stunningly presented store.

Coopers sells high-quality jewellery at affordable prices and is a Gold, Platinum and Diamond specialist. It specialises in classic watch brands such as Rolex, Cartier, and Omega. All of the jewellery is expertly presented in this bright and stylish store adorning chandelier lighting, oak display cabinets and a professional member of staff to aide and assist in choices.

The business currently turns over in excess of £350,000 per annum. There is excellent scope to potentially double the sales especially by enhancing the online sales side of the business, which our vendor admits he has not updated for over a year.

Coopers Jewellery is located within the town centre of Barnstaple, Devon, promoting an excellent lifestyle choice for buyers. Barnstaple is easily accessed via the North Devon link road cutting across Exmoor and Barnstaple.

The shop operates from a large store located on the high street and is facing one of the entrances for Green Lanes Shopping Centre. 2 thirds of the rented property remains unused by the vendor, this offers potential for the shop to expand. Rent and rates are well below the average for the area, making this offering of great interest to many parties, both individuals and corporates alike.

This proposition provides an ideal opportunity for an individual associated with the jewellery trade to purchase an established business, or for

Summary. This is an excellent opportunity to acquire a potential lifestyle business which is a new start up, already showing great success and unlimited potential. It has an excellent reputation and a pipeline of customers. In addition, the business offers an excellent opportunity for expansion, or to be incorporated into a chain. An early viewing is essential.
Tenure:
Leasehold
Is accommodation included?:
Yes
Listed by:
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