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Jeweller Expert Bespoke Capabilities In Busy Town Centre For Sale

Hertfordshire, Hertfordshire
Asking Price:
£100,000
Sales Revenue:
£157,000
Cash Flow:
£35,000

High Street Jeweller Expert bespoke capabilities Well located in busy town centre
Extremely well established high street jewellery shop, owned by the present Vendor since founding it in 1974. The business is in a prime high street location, being one of the main thouroughfares into this busy and popular South Hertfordshire Town and well positioned among other popular retailers with established clientele. The close proximity to North West London and other dense residential areas provides an excellent and willing customer base.

This business is a modern, independent retail jeweller synonymous with friendly and professional service, merchandising exquisite jewellery pieces selected for their beauty, quality and value for money.

The shop offers a wide range of merchandise including diamond and gem set jewellery, wedding rings, gold jewellery, watches, sterling silver jewellery, costume jewellery and giftware, all presented in very ‘clean’, upmarket, understated display cabinets; a popular and consistent aspect of trading is the design and manufacture of bespoke items. Turnover from the sale of retail jewellery accounts for 50% along with the buying and selling of vintage and pre-owned jewellery; and the other 50% comes from repairs and servicing.

As well as retail, the business has an excellent reputation for quality repairs and the re-modelling of jewellery, offering very cost effective, modern methods of manufacture and repair, via extensive industry contacts built up over many years of trading within the sector.

Where the Business really stands out from its competition, however, is through the very high levels of personal service offered by its staff. All staff understand the importance of the jewellery buying experience to the customer and are on hand to offer advice and answer questions, particularly in relation to repairs and re-modelling and the buying and selling of pre-owned items and it is upon these very high levels of customer service, the Business has built an extensive and loyal customer base.

This opportunity is an ideal business for anyone looking to engage with the High Added-Value jewellery sector or for someone already in the sector looking for a strongly performing, additional outlet to bolt on to their existing business activities.

Stock and service items include:

• Jewellery repairs
• Cleaning and restoration service
• Watch repairs and refurbishment
• Gold jewellery
• Diamond jewellery
• High quality watches
• Wedding rings
• Silver jewellery
• Bespoke handmade pieces
• Watch straps and batteries
• Valuations for Insurance and probate
• Gold and watch buying service

Equipment:
The shop has all the equipment normally associated with a business operating in this sector and uses specialist Electronic Point of Sale (EPOS) equipment and software for sales, stock and customer statistics management.

Key Strengths:
Ideally located in this prime High Street position in close proximity to many other successful retailers in a busy parade of outlets, with its tremendous passing trade.

This is considered a “proper” jeweller, with expert repairs for both jewellery items and watches, a specialism.

The shop has an extensive selection of stock, monitored regularly and that has been popular with customers over many years.

The breadth of product choice in combination with the quality of service provided by the knowledgeable and attentive staff, makes this shop stand out among the many competitors, including online alternatives.

The shop is very well known and established in the area.

The shop is run and managed on a day to day basis by the vendor and staff.

Key Opportunities:
By developing the business’web presence and extending opening hours, the business could increase its turnover and profitability. By possibly introducing other complementary products and services it could capture more of the local market.

Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Property:

Leasehold

Lease Terms:

The premises are leasehold, the current lease ends in January 2019 and a new lease is available. The square footage is circa 700 sq. ft and includes a shop floor, stock room and office area on 3 floors, with cellar.

The annual rent & rates is circa £37,500.

Business Operation

Expansion Potential:

The business has grown organically and with further marketing for both the shop and the website, a new owner could build on the existing, excellent customer base.

In addition to this a new owner could open the shop for longer hours or bring new ideas for new product ranges to the customer base.

Competition / Market:

The business has free listings in local publications and their online versions.

Reasons for selling:

Genuine retirement sale.

Trading hours:

Tuesday – Saturday : 09:00 – 17:30

Employees:
04
Years established:
44

Other Information

Support & training:

The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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