Famous Location For Gold & Diamond Retailers
Annual Turnover £400,000
Gross Profit TBC
Retirement Sale After 12 Years
Supplier Contracts To Continue
High Security Levels In Place
EPC - DREF 6090 – Leasehold Jewellery Retailer
Blacks Brokers are proud to bring to the market this leasehold jewellery retailer located in the much sought-after area of Hatton Garden, London.INTRODUCTION
B H S Jewellery has been trading at the The Heart of Hatton Garden since 2006 with our client in ownership since opening. The business stocks a wide range of jewellery and accessories and has a large base of customer including traders from around London. During it’s 12 year trading history, the business has firmly established itself within this business sector in this area. LOCATION
Situated in the heart of Hatton Garden Jewellery Emporium in London’s EC1N, this business is perfectly positioned for a huge amount of both regular and passing trade. Hatton Garden is London’s centre for Jewellery and Gold sales. Public transport links in the area are superb.REASON FOR SALE
B H S Jewellery is only being offered for sale due to our client’s retirement. LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 15 years and began in 2006. The lease runs at a cost of £976 per week including rates and service charges.BUILDING LAYOUT AND DESIGN
B H S Jewellery is housed within two floors of a large, six storey, double fronted retail unit within a busy and very popular parade of shops and businesses. Bold signage and branding is displayed to the front of the unit above a fully glazed frontage.
The emporium is exclusively an indoor jewellery market set within two floors - the ground floor and basement which together contain 50 jewellery units.
Each area of the business is well presented and secure, with good attention to detail. A full inventory is available on request.STAFF
B H S Jewellery is currently operating with one full-time member of staff in employment in addition to our client working on a full-time basis.FINANCIAL DETAILS
Financial details are available upon a viewing of the business and B H S Jewellery has traded solidly over its trading history. The business generates an annual turnover of £500,000 with net profits of £30,000. SUMMARY
This is an ideal opportunity to acquire a well-established jewellers trading in high quality jewellery and gold situated in a prominent position within a bustling emporium in the heart of Hatton Garden.
There is plenty of scope to develop the business further with the introduction of longer opening hours and an online presence with store. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations.
Early viewings are strongly advised. Fixtures:
The main fixtures and fittings are owned by the emporium otherwise the owner maintains a range of optical; weighing devices and jewellery repair tools.
A full inventory is available on request.
MON: 10:00 - 17:30
TUE: 10:00 - 17:30
WED: 10:00 - 17:30
THU: 10:00 - 17:30
FRI: 10:00 - 14:00
SUN: 10:00 - 17:30
£976 Per Week Including Rates & Service Charges