Jewellers for sale in Warrington

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Established Jewellery Retailer - Warrington

Warrington, Cheshire, England

  • Leasehold Price: £19,950
  • Annual Turnover: £75,917
Seller Reference: 7110
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Business Description
 
 
 
 
 
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Seller Reference: 7110
Request Details
Business Description
Exempt From Business Rates
Prominent Shopping Centre Location
Very Low Rent Of £115 Per Week All Inclusive
Annual Turnover To 05/04/2018 - £75,917
Further Financial Info Available After Viewing
Large Amounts Of Passing Trade
Strong Brand Image & Reputation
Advantage Of 5000 Professional Images
Comprehensive E-Commerce In Place
Heavy Footfall Year Round
Solid Base Of Regular Customers
Scope To Introduce Gold Products
Potential To Expand Opening Hours
Scope To Offer Repair Services
REF 7110 – Leasehold Jewellery Retailer

Blacks Brokers are pleased to bring to the market this leasehold jewellery retailer located in Golden Square Shopping Centre, Warrington.

INTRODUCTION

Polyanna was established by our client in this bustling shopping centre in 2015. The business offers a range of unique sterling silver jewellery and has become very well known in this area gaining a strong base of regular customers as well as benefitting from a huge amount of passing trade due to this excellent trading position. Polyanna has a comprehensive website in place.

LOCATION

Polyanna occupies a prominent trading position within a very busy shopping centre. The shopping centre and surrounding area is densely populated commercially with neighbouring businesses including independent retailers including as well as large multiples such as Foot Locker, Boots and Debenhams. The area is well linked by the M62 and A49 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s family commitments, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

BUILDING LAYOUT AND DESIGN

Polyanna operates from an open plan unit within the main mall which brings lots of heavy footfall. The business is very well branded and fitted with secure glass display stands, shelving and CCTV security. There is also a large storage area for excess packaging, marketing materials and displays.

LEASE

The unit is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a rolling six monthly lease which began in 2015 at a cost of £115 per week and is inclusive of all charges such as electricity and service charge. We are advised a new owner can be granted a brand new twelve month lease.

STAFF

The business operates with one part time member of staff in place supporting our client working on a full time basis.

FINANCIAL DETAILS

Polyanna has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £75,917 to year end 05/04/2018. The turnover for previous years is as follows; year end 05/04/2017 £68,303 and year end 06/04/2016 £41,348. Full financial information is available upon request.

SUMMARY

This well established business occupies an enviable trading position in a busting shopping centre in Warrington. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new products such as gold and possibly costume jewellery as well as repair services and late night opening as the centre allows. There is also potential to develop the business with a stronger social media presence and pushing of online advertising. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
CCTV Security System In Place

Displays

4 LED Floorlights

Branded Jewellery Boxes

White Highest Quality Lockable Freestanding Glass Cabinets With LED Lighting & White High Gloss Finish
Trading hours:
MON - SAT: 09:30 - 17:30
SUN: 11:00 -17:00
Tenure:
Leasehold
Location Details:
Warrington
Leasehold Term:
£115 Per Week inc VAT
Listed by:
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