Asking price: £175,000

Sales revenue: £250,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This is a well-established Jeweller, which has been trading successfully for forty years. It has been under the present ownership since 2000 and has two separate areas of trade and expertise.

The first aspect of this business is the manufacturing & importing of both fine gold and silver jewellery to the multiple and independent retail jeweller. Currently the business has a database of over 600 clients who have purchased from the company in the past.

The second aspect of the business is the refurbishment & making of jewellery for both other jewellers and private clients.

The business has an outstanding reputation for quality products and service and has an excellent working knowledge of its product range, which consists of a selection of unique and unusual items including Art Deco and Victorian pieces. The business has an excellent reputation, large customer base and numerous opportunities for expansion, which await the successful buyer of this profitable and reliable business.

Equipment:

The business is fully computerised with all clients on a comprehensive database. Sage is used for accounts, and Stock plus a very accurate reliable bespoke costing system.

The workshop has a wealth of modern equipment, tools and consumables.

Customer Service:

Quality has been the highest priority for the current owners of this business whether in relation to the products or customer service on offer. The business supplies high-end jewellery products to discerning clients and the owner has been at pains to ensure that the service matches the goods available. Customers frequently require help or request recommendations and are rewarded with informed, honest advice based on genuine expertise in the field.

Key Strengths:

The business enjoys excellent relationships with suppliers from around the globe. This has ensured a steady supply of high quality products at costs that allow a highly competitive pricing structure. The number of suppliers that the business is able to deal with has meant a diverse and unique range of products can be supplied to meet the whole spectrum of clients’ needs.

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.

Annual turnover is circa £250,000, generating a gross profit of £175,000 per annum. The net asset value of stock is £50,000.

Years established: 2000

Employees: The business is owner run with two full time staff consisting of one jewellery mounter, one administrator and one part time accounts person. In addition the use of outworkers as and when required.

Trading hours: 8.30 am – 5.30 pm Monday – Friday.

Property: Leasehold

Location
The business operates from leasehold premises. The present owner pays a pepper corn rent, as there is an ongoing arrangement between them and the leaseholder. This arrangement can be continued by a successful purchaser and the owner of the lease.

The office/workshop itself is situated above a Jewellery store and the admin area consists of 4 desks in two rooms plus secure walk in storage room and two safes. The workshop area consists of two workbenches, polishing bench, engraving area, plus a separate electro polishing & plating room. A wash area and WC. Extra room for storage in the loft can be utilised.

Expansion potential
The current market for this business’ services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs. This will best be achieved by an owner with an understanding of the value of the business specialist expertise and its advantage as a component alongside other building services.

Competition / Market
Having been established for forty years this business does little by way of advertising enjoying high levels of repeat business and the most effective form of marketing, word of mouth recommendation, testimony to the excellent reputation this business has for its unique, high quality product range and customer service. The business has an extremely detailed and informative website with photos of the silver jewellery with a sample display window to view.

Support & training
Full support and training will be provided to the successful purchaser if required.

Reasons for selling
This is a genuine retirement sale.