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Established Jewellers In Redditch For Sale

Redditch, Worcestershire
Asking Price:
£79,950 Furniture / Fixtures included
Sales Revenue:
£162,000
Cash Flow:
£54,000

This well-established business has been owned by our client for some thirty-seven years and sits in the heart of this popular Worcestershire town.

The premises occupy a prominent position within the Shopping Centre and is close to all major retailers and banks.

The property is a one-storey building comprising a retail showroom and office (500 sq feet) on the ground floor.

The Business specialises in traditional jewellery services, valuation and repairs with the added services of gold buying and has the security of a large safe for valuables.

We feel the Business could expand further with the introduction of additional stock lines which would appeal to new markets or initiate an e-commerce website.

The business is already operating successfully; it does, however, still offer excellent potential to increase both sales and profits in the future by:

1. Buying and selling more gold
2. Buying and selling second hand jewellery
3. Develop its own website and offer web sales
4. Commence elective advertising

The introduction of High-Quality Watches is also highly recommended by the current owner!

Trading hours: Monday to Saturday 9.00am-5.30pm

The business is owner-run and managed with the assistance of one fully qualified manager.

Financials: Turnover for financial year 2015 was £162000 with a good gross and excellent net profit of £54000 +.

A new lease will be granted of either 5 or 10 years, with a handover period if required.

The current rent is only £6636 pa with no Business Rates.

Genuine Retirement sale.

We would highly recommend viewing this profitable concern which is genuinely offered for sale as our client looks towards retirement. Financials (Accounts) will only be discussed at an appropriate meeting.

A full profile is available once a non-disclosure agreement has been signed.

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

Viewing Arrangements: All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.

Property information

Property:

Leasehold

Lease Terms:

A new lease of 5 or 10 years will be offered.

Leasehold Rent:

£6,636 per annum

Business Operation

Reasons for selling:

Retirement.

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