Asking price: £185,000

Sales revenue: Undisclosed

Net profit: £120,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales is delighted to offer
to the market this extremely well established
and highly profitable jewellers, which has
been trading for almost half a century.
The current vendor has been in ownership for
the last three decades and now offers a
genuine sale due to retirement.
The business is probably within the top two
jewellers in the town and commands a loyal
customer base.
The jewellers is open for trade five days per
week and is easily run by the husband and
wife team without any staff.
All trade is retail of which 20% includes
repairs, whilst sales are predominantly 18ct
and diamonds.
All repair work and manufacturing work is
subcontracted. Trade work is not
undertaken.
Sales vary from £20 to many thousands per
job.
The business has excellent accounting
information, which shows a net profit of
£120,000 before tax and interest.
The business offers scope to trade 6 days a
week as well as having its own workshop
(probably within the basement).
Any serious experienced jeweller should not
wait to view. Businesses which are so
profitable and easily managed rarely come to
the market, especially in such a highly sought
after location.
Prior to viewing, any potential purchaser
will have to provide proof of funding.
The owner is willing to conduct a very in
depth and detailed hand over period.

Stock at present is in the region of £70,000.
The vendor has informed us that the business
does not need such a high value. The owner
is prepared to reduce the stock considerably.

8816NG

Employees: The jewellers is open for trade five days per

Trading hours: Mon, Tues, Thurs- Sat: 9.30am – 5.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: Renewable We are advised that the annual business rates are currently: TBC

Location
Our client is located within the very heart of a Nottinghamshire town and is opposite M & S with
a huge variety of both corporate and independent retailers.
The pedestrianised shopping centre attracts a tremendously high volume of shoppers who park their
vehicles in the surrounding pay and display car parks.
Our client is located on one of the busiest spots in the centre.

Related documents

		Sales paticulars