Retailers Of Top Quality Jewellery Bags & Clocks For Sale

Business description

Retailers of Top Quality Jewellery, Bags ,Clocks & Watches Mid Range Market

This is an opportunity to aquire a successful and independent business set up by the vendors over 23 years ago. The business retails a fine range of jewellrey, watches and bags as well as providing high class repairs to its customers. In that time the business has built up a superb reputation in the market it serves which is generally the mid to upper range.

The business is ideally positioned on a busy high street location. The business benefits from having a large show case window and a luxury secure marbled entrance. Turnover has continued to grow each year, which is in itself an excellent achievement in the current economic climate, and there is huge scope within the current infrastructure to take sales to the next level.

The jewellrey range is made up from a variety of designs with different choices of metals and stones. These options help to ensure, that this excellent jewellery shop can guarantee to find a piece of jewellery to fit any occasion and to suit all tastes and budgets. Over time the business has built up a superb reputation in the market it serves.

The business economically carries out the difficult and delicate repair work that many jewellers turn away, fully guaranteed and insured. The business is well established and profitable, being the only specialised jeweller in this locale and has a strong and increasing customer base. An excellent reputation and numerous opportunities for expansion await the successful buyer of this profitable and reliable business.

Customer Service:

With over 23 years of experience the vendor and his loyal team are passionate about looking after their loyal and growing customer base. This high level of customer service has led to the business being the jeweller of choice stocking a wide range of quality jewellery including; rings, bracelets, necklaces and earrings.

Key Strengths:

Specialising in quality, desirable fine jewellery this exceptional store is well known and has a formidable reputation. The business is in a healthy state ready to walk into and run. This business is built on solid foundations and prudent management and given the same common sense approach a significant growth in profitability is inevitable. This is illustrated further by the fact that the business has never had the need for “a sale” in 23 years of trading.

The quality of the high street location cannot be overstated since its prominence guarantees access, visibility and footfall, the quality of the showroom plays no less a part in meeting customer expectation as created by the large and inviting window displays.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business consistently achieves turnover in excess of £401,000 per annum with an impressive gross profit margin in excess of 42% and Net profits for the last financial year is of circa £60,000.

Property information

Property:

Leasehold

Lease terms:

The current rent is circa £26,500 p.a.

Location:

The business operates from the perfect retail location in the town. The street is pedestrianised and enjoys very high levels of footfall. Having been there for 23 years the business has a real presence in the region and beyond. The premises are leasehold and the new lease is soon up for negotiation.

The shop is fully fitted, with large window displays, a secure entry system, safes, work shop at the back, storage and a kitchen. The shop also has a state of the art security CCTV system. The current rent is circa £26,500 p.a.

Business Operation

Expansion potential:

The company has a core client base of regular customers that has been established over the past 23 years. This business has gone from strength to strength as a result of its commitment to customers. The business has invested strongly in its workshops that are well equipped for future growth. The business has grown but not lost sight of how important customers are. Each new and existing customer can expect a personal service, explaining why they return year after year.

Competition / Market:

The business has never felt the need to advertise such is its historical reputation. The business has built up a superb reputation by word of mouth recommendation and enjoys a high level of repeat business, which is maintained by a strong client rapport, valuing the customers and striving for the best in client service and client retention. The business is in the process of creating a website, thereby affording the business far more exposure.

Reasons for selling:

The vendor has some family commitments due to which he can not spend time on the business.

Trading hours:

Monday – Saturday: 0900-1800

Employees:

The owner works full time within the business and is ably assisted by his wife on a part time basis.