Jewellery Watch and Giftware Business For Sale

Business description

SUPERB JEWELLERY, WATCH AND GIFTWARE RETAIL BUSINESS
Excellent trading location in the town of Workington, Cumbria
Turnover £380,000 per annum and very profitable
Ground floor showroom with repair workshop
First floor offices and ample storage space
FREEHOLD

Meridian Business Sales are delighted to offer to the market this is long established (1885), greatly renowned and highly regarded business that was established by our clients family over 120 years ago. This thriving concern is now, regrettably, being offered to the market owing to our clients' wish to pursue other interests. The business is not tied to any particular brand of jewellery and also has an extensive range of watches, china, crystal and giftware. Our clients' have achieved the enviable position of having built a very profitable business derived not only from retail sales but by also offering an expert repair service. The business would allow the new owners scope to diversify into Internet sales to increase levels of trade in excess of the already impressive £383,866 pa turnover. In our opinion, the shop is fitted internally to a very high standard and we feel the business is an ideal purchase for an existing operator or indeed for those seeking the complete lifestyle change the business and area have to offer. Early viewing is essential to fully appreciate.

Superb 2 storey corner end terrace property located on a busy parade of shops in town centre. Originally built in 1937 the business has been operating from this site ever since. Well appointed and presented throughout.

GROUND FLOOR

The ground floor comprises the main showroom area with 10 large wooden and glass display cases of watches, necklaces, rings and other jewellery items. The adjoining giftware shop has many glass cabinets and shelves displaying a huge array of china, porcelain gifts, clocks etc. Both rooms have sale counters with cash register and card machines. To the rear of the shop is a large storage area and repair workshop along with 3 safes and a grill-protected backdoor. The front of the shop has metal roller security shutters.

FIRST FLOOR

The spacious upstairs is split level with a staff/storage room to the back with 2 further storage rooms, WCs and large office to the front.

Property information

Property:

Leasehold

Location:

The business is ideally situated in a first class trading location in the busy and recently developed town centre of Workington. Surrounded by complementary businesses, it benefits from a great deal of passing trade and only a few minutes walk from the newly built shopping arcade. There is the advantage of on street parking to the front of the premises. Workington is on the picturesque Cumbrian coast and on the border of the Lake District National Park. Millions of pounds have been spent regenerating this part of Cumbria and is becoming an increasing popular tourist area. Other popular residential and tourist towns of Whitehaven, Carlisle and Penrith, along with the M6 motorway, are all less than an hour away.