City Business Brokers are delighted to welcome to the market this well-established and thriving jewellery business, located in a prime trading position in a well-known market town.
The business was established in 1968 and has been in our client’s careful ownership for the last 34 years. Only now is the business being offered to the market due to our client’s desire for a well-earned retirement. The business operates 5 days per week and generates a turnover in the region of £100000 per annum, with a gross profit of approximately 60%. (Stock extra).
Our client offers a wide variety quality jewellery, watch repairs and valuations, as well as buying and selling gold. 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 for two days weekly. There is also scope for a new owner to establish an E-commerce 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 ongoing training if required to assist with the smooth transition of ownership.
The property is Freehold. The Grade II listed three-storey accommodation has provided ample comforts and space for the owner’s family and briefly consists of:
Ground floor: Shop, hallway.
Rear extension that comprises: living room and kitchen on the ground floor plus bathroom and office on the first floor.
Enclosed yard accessible via living room and kitchen. Access to garage.
1st floor: 2 large bedrooms
2nd floor: 2 large bedrooms plus attic.
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.