Leasehold Jewellers For Sale

Business description

This family jeweller business has been established for over 20 years, our client having purchased the business 18 months ago after a career in the industry. The owner now wishes to sell due to other business interests.
The concern is run with three staff as well as the owner working full time. In the main the business specialises in diamond rings and jewellery and undertakes large amounts of repairs which are sub contracted.

The business is well advertised locally in such publications as the Hampshire and Berkshire Life, and the front page of the Reading Chronicle. It is well represented in other advertising hotspots such as golf courses. There is also a website which is being updated. Trade has steadily grown and is set to increase further. There is large amounts of telephone trade as well as regulars and passing trade.

The potential of the concern is huge. Indeed in the past it has had an annual turnover of over £850,000. It is a professionally run, well organised and very impressively presented business. The rental for the unit is very reasonable considering its location.

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
ORIGINAL LENGTH: 4 years.
REMAINING: 2 years..
RENT: £19,000 per annum.

Living accommodation:

PROPERTY DETAILS Ground Floor- Attractive glass fronted unit with large window display Fully shelved unit Display cabinets Service counter area with further display cabinets. Three large safes to the rear

Location:

SBS Commercial are pleased to place onto the marketplace this exceptional Jewellers which is based in Reading in Berkshire.

It is located in the town centre in the midst of the main shopping and commercial area, lying between the Oracle Shopping Centre and very close to the railway station. There is an excellent foot flow of pedestrians.

Reading is well linked with the M4 and M5 motorways and is vying for city status. The railway station links to most of the country.

Other information

Trading hours:

Mon – Sat: 9.00am – 5.00pm Sun: Closed( open during xmas)

Financing available:

SBS Commercial Properties Ltd. have a full financial package available.