Hilton Smythe are delighted to present to the market Clayton Fine Jewellery, established by our client in 2004 and now offered for sale due to our clients wish to now retire.
The highly successful Jewellers offers a wide selection of both gold, silver and diamonds, watches, clocks and small giftware. They stock a selection of both unbranded pieces as well as designer labels, prices range from £20 to £2,000
Currently the sales are split 75% Retail sales and 25% Repairs.
Repair work is undertaken by specialists in watch repairs, jewellery repairs and pearl repairs who visit the shop once a week.
Majority of our client’s customers are local people who are extremely loyal, he currently holds approx. 6000 customer details which includes an individual purchase history. This is essential for both marketing, insurance valuations and new order planning.
Our client has re focused the business on more traditional sales of gold and diamond which has seen recent turnover for the last 3 months increase by 24%.
The plan is to reduce the number of branded lines in the shop and increase the number of new items not available on the internet.
Opportunity for further growth lies within further development of the website, social media sites, introducing more local or individually designed pieces as well adopting more outward marketing activity.
The business would also suit an individual jewellery designer looking to establish themselves with the added benefit of an existing customer base.
A full handover period will be offered by our client.Location
Clayton Fine Jewellery occupies a highly enviable corner trading position at the top of the High Street in Haslemere, Surrey.
The historic High street includes a people popular of independent retailers, cafes, bars and restaurants as well many branded high street shops such as Boots, Brewers, Costa and Lloyds Bank.
Haslemere is an affluent and charming market town located just off the A3 at the tripling with Hampshire and West Sussex and the most southerly town in Surrey 12 miles south of Guildford.
The business benefits from being in the cross junction of both the A286, Petworth Rd (B2131) and the High street.
There is a large pay and display car park directly behind the Jewellers and the main line Train station is only 2 mins walk away.Premises
Corner shop position with 2 x adjoining units -
Number 9 –
• 4 bespoke wood and glass cubes window display units
• 7 wall mounted glass display units
• 2 x floor standing display units
• Customer consultation desk
• Floor standing glass topped display units
• Air con unit
Rear area –
• Large floor mounted safe
• Workbench and shelving
• Security alarm panel
• CCTV with 4 x camera’s
• Staff kitchen area
Number 11a –
• 1 x large glass topped display cabinet
• 1 wood / glass cube display unit
• Full length window display unit
• Air con unit
• 2 x wall mounted display units
Rear area - used as office and stock room with wall mounted shelving, floor mounted safe.Tenure
We are advised the business is been sold as a Leasehold opportunity, there will be a new lease offer on both shop units for any new buyer.
Current rent in total is £34,564 per yearHours
Monday - currently closed due to clients wish but can be included in any new opening hours
Tuesday to Saturday - 9.30 am – 5.00 pm
Sunday - ClosedStaff
The business is run and managed by our client with 1 member of staffFinancial Profile
We are advised the business achieved a turnover from the 2018 accounts of £243,219, a Gross Profit of £108,906 and an adjusted net profit of £56,471. As of February 2019 current SAV is circa £225k.