Jewellers for sale in Isle of Man

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 Thank you for your part in promoting the Café and enabling the sale. 

John Peacock (Feb 2017)
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Leasehold Price: £129,000 Annual Turnover: £578,322 Annual Gross Profit: £280,700
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Business Description
City Business Brokers are delighted to welcome to the market this well-established and thriving jewellery business, located in a prime trading position in this well known off shore location !

The business was established in 1978 and has been in our client’s careful ownership ever since . Only now is the business being offered to the market due to our client’s desire for a well-earned retirement. The business operates 6 days per week and generates a turnover in the region of £578000 per annum, with a gross profit of approximately 48%.

Our client offers a wide variety of high range, top quality jewellery, watch repairs and valuations, as well as buying and selling gold and diamond jewellery. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base with a lot of repeat trade and word of mouth referrals.

Our client boasts many contacts to suppliers and trade. We feel there is scope to increase the turnover by extending the opening hours, as our client is currently closed on Sunday. There is also scope for a new owner to establish an ecommerce website for the business, as there is currently none available, which could incorporate naturally an online ordering system, which would further boost the turnover.

Our client is happy to provide on going training if required to assist with the smooth transition of ownership.

Leasehold – 10 year lease available , 4 storey premises offering a 900 sq ft ground floor (retail )

Rent amounts £50000 pa , rates £4000 pa

This is an excellent opportunity for a new owner to take this already thriving and busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information
Tenure: Leasehold

Location Details: Located centrally in Town

Leasehold Term: New lease available

Listed by: City Business Brokers

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