Leasehold Jewellers For Sale

Business description

Bag A Business is delighted to be able to offer to the market this quality jewellers. The jewellers has been in the careful hands of the present owners since 1988 and is now only being offered to market due to their strong desire to retire. The prime location of the business means that it enjoys high levels of footfall, producing healthy all year round figures, currently running at £370,000 per annum at a gross profit margin of 60%. The shop is currently only open 6 days a week, however, the shopping centre is open 7 days a week offering the opportunity to trade on Sundays and increase the turnover further. The present owners have recently invested heavily in totally refurbishing the store to a high standard with an eye for detail and a total spend of £163,000. The business currently offers its customers a mix of quality jewellery and an on site repairs and commissions service, both of which have been successful and profitable over the years. Bag A Business recommends early viewing so as to appreciate the quality and scope for growth of this business.

Property information

Property:

Leasehold

Lease terms:

Tenure: Leasehold
Original lease length 15 years
Remaining lease length 7 years
Review every 5 years
Rent £43,000 per annum

Living accommodation:

ACCOMMODATION DETAILS Single storey lock-up retail unit within a complex GROUND FLOOR Main Entrance leading to - Glass fronted display to front of store. Ceramic flooring and carpeting. Bespoke frame work in cherry wood. Further high quality displays. Furniture and client seating. Sales desk with cash register. Halogen lighting. Wall mounted framed mirrors. Air conditioning Stairs down to: Large office Workshop Stairs down to: Kitchen W/C Large store room Rear door onto service yard

Location:

This fine quality jewellers is located in a prime trading position in a large retail complex close to the city of Reading. The area boasts good quality housing, schools and hospitals and is fast becoming a popular and affluent area. Reading, Bracknell and Maidenhead have strong road links via the M4 and M3 motorways as well as rail links to the city of London.

Other information

Trading hours:

Mon - Sat: 9.00am - 5.30pm

Contact the seller

For more information about this business for sale, click the Contact Seller button.

Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.