Asking price: £330,000

Sales revenue: £330,000

Net profit: £108,000

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The business has been a notable part of the town of Chesterfield since its establishment, circa 1914. The business has a substantial reputation for excellence and service to its wide standing client base. During the last four years of ownership our clients have successfully built on this solid foundation, increasing both turnover and brand awareness with growth over the next twelve months forecast at nearly 50%. The business offers an excellent opportunity for to purchase a successful business of longstanding reputation and strong foundations. The primary focus of the business is the sale and manufacture of bespoke jewellery including:

• Bespoke diamond jewellery
• Handmade engagement rings
• Handmade wedding rings
• Handmade bangles
• Pendants & Earrings
• Eternity Rings
• Watches & Clocks
A unique aspect of the business lies with its manufacture of bespoke items using ‘whitby jet’ with over 350 items made on site; this is an area for any interested party to expand upon. These items are often sold to other retailers and all master patterns can be made available as part of this transaction. The business would serve as an excellent bolt on proposition for an existing operation within the sector.

Years established: 95

Employees: As previously mentioned the business is operated by our clients supported by a full time assistant and a part time assistant.

Trading hours: Monday to Saturday 9.00am to 5.00pm

Property: Leasehold

Lease terms
We are advised that the premises are Leasehold Length TBC

Location
The business is situated on the central promenade of Chesterfield. This is a thriving market town on the edge of the peak district with excellent access throughout Derbyshire and Yorkshire.

Expansion potential
The business offers scope for further development in the following areas: • Further website development • Search engine optimisation • Trade fairs to expand on the manufacturing element

Reasons for selling
Retirement