BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£150,000
Turnover / revenue:
£527,000
Net profit / cashflow:
Undisclosed
Years established:
24
Trading hours:
The business is open from Monday to Saturday 9.00am to 5.15pm
Number of employees:
3
OTHER DETAILS
Reason for selling:
After twenty three years of trading the owners now wish to retire.
Support and training:
The owners will fully assist with hand over and training.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold on a renewable lease that expires in 2013. The rent is currently £26,000 per annum with rates of £11,799 including water. The rent review period is every five years.
BUSINESS DESCRIPTION
Retail Jewellers in Prominent Town Centre Location Retailing Fine Jewels, Gifts & Own Brand Jewellery
Ref.AB192
Location Portsmouth/Southampton
Asking Price £ 150,000
This independent jeweller is based in a prominent location in a busy town centre shopping mall. Established in 1987 they specialise in retail jewellery and repairs for private and royal navy customers. They also design and make their own jewellery and buy unusual stones which are set in their own workshop. In addition they also stock a range of watches for men and women.
One tremendous asset is the location of the business, due to which they enjoy a high level of footfall. As the only jeweller present but with competition for customer spend high, this business clearly stands out by its presentation and the merchandise it retails.
Whilst being extremely secure the very stylishly decorated premise is very welcoming. A well merchandised display window together with very attractively laid out display cabinets present the range in the best possible way encouraging customers to want to ‘touch and feel’. A large proportion of the product range on display is exclusive to the business as it is designed by them.
This business goes out of its way to ensure complete customer satisfaction. It prides itself on the highest quality workmanship whilst still maintaining realistic turnaround times for customer orders, with many items invariably sold from stock. The area in which it operates ensures a high volume of customers particularly during the key trading periods of Christmas and the New Year and in the run up to Valentines Day etc. But purely by its own efforts and the reputation it has built, reinforced by heavy word of mouth recommendation this business has a significant, regular clientele.
Expansion Potential
There is an outstanding opportunity to build on the existing business levels and customer base of this business. With a strong demand for this business's products, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform