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.
Superb High Street location.
A new lease is available of 5 to 10 years.