Jewellers for sale in Kingswinford

View the "Successful and Popular Jewellers in Kingswinford, West Midlands *Viewing Recommended*" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Successful and Popular Jewellers in Kingswinford, West Midlands *Viewing Recommended*

Kingswinford, West Midlands, England

  • Leasehold Price: £49,950  Price Reduced arrow_drop_down
  • Annual Turnover: £117,000
Seller Reference: jewelkfordKS1
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Business Description
 
 
 
 
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Seller Reference: jewelkfordKS1
Request Details
Business Description
This well- established business has been owned by our client for some thirty-seven years and sits in the heart of this popular town within the Metropolitan Borough of Dudley.

The premises occupy a prominent position on the High Street and is close to all major retailers and banks.

The leasehold property is a one storey building comprising a retail showroom and office.

The Business specialises in traditional jewellery services, valuation and repairs with the added service of gold buying and has the security of a large safe for valuables.

The business is already operating successfully; it does, however, still offer excellent potential to increase both sales and profits in the future by:

• Buying and selling more gold
• Buying and selling second hand jewellery
• Creating a website and offer web sales
• Introducing selective advertising

The introduction of High-Quality Watches is also highly recommended by the owner!

Trading hours: Tuesday to Friday 9.30am-4.30pm. Saturday 9.30am-4pm
The business is couple-run and managed.

Financials: Turnover for financial year was £117,000 with a good gross and excellent net profit.

Lease: A new lease will be granted of either 5 or 10 years with a handover period if required.

Rent: The rent payable amounts to £1600 per month.

*Stock is extra with a value currently of circa £50,000*

We would highly recommend viewing this profitable concern which is genuinely offered for sale as our client looks towards retirement.

Financial (Accounts) will only be discussed at an appropriate meeting.

A freehold investment is also a possibility under the right circumstances.

A full profile is available once a non-disclosure agreement has been signed.

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

Viewing Arrangements: All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.
Tenure:
Leasehold
Location Details:
Superb High Street location.
Leasehold Term:
New lease available of 5 to 10 years.
Listed by:
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