Jewellers for sale in Shropshire

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Gift Shop and Bespoke Jeweller

Shropshire, England

  • Leasehold Price: £130,000  Price Reduced arrow_drop_down
  • Annual Turnover: £454,000
  • Annual Net Profit: £40,000
Seller Reference: IN003
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Business Description
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Seller Reference: IN003
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Business Description
Established in 1996 the original business specialised in the design, manufacture and sale of fine bespoke wedding and engagement rings.

After 10 years refining and developing the original profile, the director decided to give the business a greater retail focus. To improve profitability and simplify the logistics of the business, the manufacturing and workshop facilities were reduced and most work sub-contracted to a small but respected group of highly skilled jewellers. Today all manufacturing is outsourced to a stable base of major producers and individual workshops.

In addition, in 2010 the current owners decided to diversify the business and established a small, but highly profitable, gift shop. With a carefully selected range of jewellery, glassware, leather goods and novelties, the shop (renovated to a high standard and available for rental or sale) is located in a busy market town in North Shropshire and has been a successful and profitable addition to the original business.
Trading hours:
The gift shop operates normal retail hours (9.30am – 5.30pm) 6 days (Mon – Sat).The bespoke jewellery business operates an appointment based system, providing flexibility to both owner and client.
The bespoke jewellery business has a well optimised website that generates significant enquiries. The business is promoted via terrestrial bridal media within a well-defined geographical region. Bridal fayres within Shropshire are regularly attended,
Support and Training:
A full and seamless handover will be facilitated by the existing owner for a period to be agreed as part of the overall negotiating process.
Location Details:
North Shropshire/Relocatable A traditional two storey property, with large display window, located in an excellent position in a busy North Shropshire market town. The property was sympathetically renovated in 2010 and now provides a light and contemporary environment, perfectly suited to both sides of the business. The gift shop occupies the two sales areas on the ground floor (approx. 350 sq. ft. of retail space). A storeroom at the rear of the property contains a substantial and insurance approved safe. The bespoke jewellery business occupies the first floor – approx. 250 sq. ft. showroom area and private office, kitchenette and toilet facility.
Leasehold Term:
A new fully repairing lease of the premises will be granted at a starting rent of £8,000 per annum plus rates. The freehold is owned by the vendor and is available by separate negotiation off an asking price of £250,000.
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