Business
Please quote reference B07467

CoGoGo are delighted to welcome to the market The Gold Workshop, a highly rated specialist jewellers for sale in Kinson, Bournemouth.

The Gold Workshop was first established by our client in 2021, when they identified a need in the area. The business has flourished since opening accruing a number of regular customers along with a burgeoning reputation. As seen by the online ratings and reviews, the business is extremely popular. 

The business has now come to the open market due to our clients desire to retire. 

The Gold Workshop is a specialist jewellery repair business concentrating on the re-sizing of rings. The business services both trade and individual customers, and even offer a same day resizing for those customers who visit the shop. They also offer a 24 hours resize/nationwide delivery service. 

Our client currently works with 8 local jewellers, with the demand outstretching the work our client is able to carry out (currently works alone). 

Key selling points – 

• High demand for the service they provide
• 5 star Google reviews
• Desirable shop location
• Fully equipped unit
• Opportunity to increase sales/profit
• Handover period offered

Scope for further growth –

• Increase staffing team – another jeweller/admin person
• New advertising campaign to increase number of trade customers & 24 hour resizing service
• Social media posting 

A full breakdown on all the equipment and tools included in the sale can be made available. 

Location
The Gold Workshop occupies a desirable location on Wimborne Road in Bournemouth.

The business is situated on a busy parade of community driven shops, with parking spaces available outside the premises. 

The business benefits from high levels of footfall and passing trade.

Premises
Ground floor –

• Customer service area
• Open plan workshop
• Store room/ Staff area
• Toilet facilities

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 3 year lease. The rent is £4,500 per annum. 

Hours
The current trading hours are –

Monday to Friday – 8am – 4:30pm

Saturday – 8am – 2pm

Staff
We are advised that the business is run and managed by our client only. 

Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £135,000. Further financials can be made available upon request.