Jewellers for sale in Barnstaple

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Retail & Shop - Jeweller

Barnstaple, Devon, England

  • Leasehold Price: £95,000
  • Annual Net Profit: £60,000
Seller Reference: 7997
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Business Description
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Seller Reference: 7997
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Business Description
For Sale is this highly regarded, repeat Jewellery business delivers Top quality services to the general public, and offers real scope for new owners to grow the customer.

Bizdaq are proud to present to the market Coopers Jewellery. This business are the suppliers of fine antique and modern jewellery, plus pre owned high end watches such as Rolex & Omega, also jewellery repairs, re-stringing and stone replacements based in Barnstaple, North Devon.

This business comes complete with a wonderfully fitted shop, high quality lighting, all safes, Electric entrance shutter, CCTV and red care alarm, also the benefit of additional rooms upstairs which is currently used for storage.

There is also 5 further rooms on the upper floor which one is currently used for photography.

This is a business that has also benefited massively from having a wonderful online reputation and can compete with the likes of watchfinder for its top of the range jewellery

Having been established within the jewellery trade for over 36 years, we pride ourselves in providing quality pieces of jewellery at excellent prices. This is a genuine reason for the sale and the owner is reluctantly looking to sell due to family reasons and Retirement.

TENURE: leasehold
RENT: £18,750 +VAT
STAFF: yes 2 staff + The owner
ANNUAL TURNOVER: in the region of £500,000

The Business Model is well proven and now boasts more than enough ability to be able to generate a large number of repeat custom.

The current owners started out in this business 36 years ago and since then have built a very successful business with a fantastic reputation and a loyal customer base. The business does offer genuine potential for growth as the owners have so far only been active online but not to the businesses full potential.

Well established
Excellent profit margins from Day 1
Genuine growth potential
Transition period and training available
Great investment opportunity
Flexible working hours
Ideal Trading Position
Loyal customer base

Whilst highly motivated to provide a first-class service time and time again, they have now reluctantly accepted that due to family health issues and a pending earlier than planned retirement commitments they can no longer provide the time and attention the business deserves – and there is significant, as yet untapped, potential new business to be won, and profits to be made.

Any new owner would benefit from the current owners offer to stay on within the business for an agreed period of time to ensure there is a smooth transition.

The Vendors are open to all enquiries and a viewing is highly recommended.

This is a unbeleiveably well known business that has been trading for the last 36 years. The business is located in a prime trading position and benefits from the high level of footfall the area gets. The business is operated from a ideal location in centre of high street.
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