High Street Jewellery Retailer For Sale

Business description

Established in excess of fifty years ago and under the current ownership for over half of that time, the business is a traditional jewellers which also offers a watch repair service carried out by the vendor, and a jewellery repair service which is sub contracted. The vendor would consider continuing carrying out the watch repairs is necessary once the business is sold. The customer base is compiled from a radius of approximately ten miles with many being regulars.

Turnover:
Accounts show an annual turnover of £95,970 to 30/9/05, and £88,284 to 30/9/06 with a gross profit of 49.5%. We are informed that the last year was very similar to the previous.

Reason For Sale:
The vendors are retiring.

Stock:
To be purchased separately at valuation: Approximately £30,000. This can be reduced if necessary.

Rates:
Business rates payable of £1,700 pa with small business relief.

Legal Fees:
Vendors and purchasers to meet their own contractual costs; purchaser to meet the reasonable costs in establishing any new lease.

Property information

Property:

Freehold

Location:

Property:
Excellent exterior window display area, sales area with various display cabinets. First floor, office, kitchen and toilet. Shutters to front.

Other information

Trading hours:

9.30 am to 5.00 pm Monday to Saturday.