Total of 18656 firms and businesses for sale today Tuesday 16th April 2024
Sold. High Street Jeweller Expert Bespoke Capabilities Well Located In Busy Town Centre
LISTING DETAILS
Firms For Sale ID:
34952
Vendor reference:
AN044
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£100,000
Turnover / revenue:
£157,000
Net profit / cashflow:
£35,000
Years established:
44
Trading hours:
Tuesday Saturday : 09:00 17:30
Number of employees:
4
Employees / staffing:
The vendor is ably supported by a reliable general manager & repairer, and two part time sales assistants who are equally responsible for, retailing, merchandising, cashier, packing and filing.
OTHER DETAILS
Reason for selling:
Genuine retirement sale.
Support and training:
The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold, the current lease ends in January 2019 and a new lease is available. The square footage is circa 700 sq. ft and includes a shop floor, stock room and office area on 3 floors, with cellar.
The annual rent & rates is circa GBP 37,500.
BUSINESS DESCRIPTION
High Street Jeweller
Expert bespoke capabilities
Well located in busy town centre
Ref. AN044
Location : Hertfordshire
Asking Price : GBP 00,000 +SAV
Extremely well established high street jewellery shop, owned by the present Vendor since founding it in 1974. The business is in a prime high street location, being one of the main thorough fares into this busy and popular South Hertfordshire Town and well positioned among other popular retailers with established clientele. The close proximity to North West London and other dense residential areas provides an excellent and willing customer base.
This business is a modern, independent retail jeweller synonymous with friendly and professional service, merchandising exquisite jewellery pieces selected for their beauty, quality and value for money.
The shop offers a wide range of merchandise including diamond and gem set jewellery, wedding rings, gold jewellery, watches, sterling silver jewellery, costume jewellery and gift ware, all presented in very clean, upmarket, understated display cabinets; a popular and consistent aspect of trading is the design and manufacture of bespoke items. Turnover from the sale of retail jewellery accounts for 50% along with the buying and selling of vintage and pre owned jewellery; and the other 50% comes from repairs and servicing.
As well as retail, the business has an excellent reputation for quality repairs and the re-modelling of jewellery, offering very cost effective, modern methods of manufacture and repair, via extensive industry contacts built up over many years of trading within the sector.
Where the Business really stands out from its competition, however, is through the very high levels of personal service offered by its staff. All staff understand the importance of the jewellery buying experience to the customer and are on hand to offer advice and answer questions, particularly in relation to repairs and re modelling and the buying and selling of pre owned items and it is upon these very high levels of customer service, the Business has built an extensive and loyal customer base.
This opportunity is an ideal business for anyone looking to engage with the High Added Value jewellery sector or for someone already in the sector looking for a strongly performing, additional outlet to bolt on to their existing business activities.
Expansion Potential
The business has grown organically and with further marketing for both the shop and the website, a new owner could build on the existing, excellent customer base.
In addition to this a new owner could open the shop for longer hours or bring new ideas for new product ranges to the customer base.
Market / Competition / Non-Competition Agreements
The business has free listings in local publications and their online versions.