Asking price: £89,999

Sales revenue: £138,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
WELL ESTABLISHED JEWELLERS WITH QUALITY REPUTATION - ESSEX
High Street location in the popular and affluent Shenfield
Turnover £138,000 pa with high gross margins
Leasehold property with new lease available
Well established with huge growth potential
Early viewing highly recommended
LEASEHOLD


Business History

Meridian Business Sales are delighted to be able to offer to the market this well established and respected jewellers which has been in the careful hands of our clients since 1980. The only reason this rare opportunity is being offered to the market is our clients desire to take a well earned retirement.

Since our clients took ownership of the business they have undertaken a full programme of refurbishment meaning that the business is in a walk-in and trade condition. Our clients have continually developed the business by introducing jewellery repair & wall clocks all of which have proved to be popular and financially successful. Our clients inform us that the current turnover is running at £138,676 pa with a gross margin of £78,290.

There is huge growth potential to increase the turnover as our clients currently run the business at reduced hours to suit their lifestyle. Sunday trading would also add to the already impressive turnover and profits. Meridian Business Sales recommends early viewing on this business to fully appreciate the quality and future enormous growth potential.

Property: Leasehold

Lease terms
Leasehold Original length: 12 years Remaining: 4 years Review: 4 years Rent: £16,500pa

Living accomodation
Ground floor lock up retail unit in a popular and desirable High Street location GROUND FLOOR Main entrance leading to an open plan trading area comprising of: Full window displays to both front windows Storage draws under window displays Bespoke sales desk with glass cabinets for display purpose Back wall cabinets and safe Repair room with work bench and various hand tools Carpet tiles to all flooring Modern suspended ceiling with lighting 6 x bespoke wood and glass full height display cabinets with glass shelving and lockable doors Central display unit again in glass with storage facility under Seating area with desk for client consulting Kitchenette with sink Staff toilet EXTERNAL Pedestrian High Street with parking planters and seating.

Location
This well established jewellers is located in a High Street position in the popular town of Shenfield. Shenfield is an ideal position for the business as it has a large and densely populated catchment area to include the Brentwood and Billericay. The business enjoys a monopoly trade and is the only jewellers for some 4 miles in each direction. The business is surrounded by a wealth of complimentary businesses that all bring large numbers of footfall to the High Street which benifits the business enormously. Shenfield and the surrounding area has strong road and rail links and is serviced via the M11 and M25 motorways plus mainline rail to the city of London.