Asking price: £200k < 500k

Sales revenue: £200k < 500k

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
For sale as a going concern, very successful and profitable retail jewellers business trading from owned premises ideally placed to attract passing trade in the heart of Lerwick’s main shopping area on Commercial Street.

The business, which has been established for over 30 years, sells a wide variety of jewellery, clocks & watches, crystal & general gifts. It is being offered for sale as a going concern, to include the heritable property (includes ground floor shop, plus store rooms on the first & second floors) which has been recently re-roofed & re-pointed, fixtures & fittings, and good will.

Years established: The shop was first established in the mid 1970’s, and has been run by the current owners since 1990.

Employees: In addition to the husband and wife owners, there is presently one full-time member of staff (plus another to be recruited), and one weekend staff member.

Trading hours: Opening hours are currently 9.00am – 5.00pm Monday to Saturday (closed Wednesdays).

Property: Freehold

Location
The premises are situated right in the centre of Commercial Street, Lerwick’s traditional main shopping area in Lerwick, close to the harbourfront. Other retailers in the area include Mackays store, Scottish Hydro Electric and Conochies (Lerwick’s main newsagent).

Reasons for selling
The business is being sold due to retirement.