Bespoke Jewellery Retail And Manufacturing Business For Sale

Business description

This high quality bespoke business was founded by the vendor in 1985 and has become a significant high street enterprise, bearing the vendor’s name with a reputation for the quality and variety of its products, service and reliability.

The business enjoys a prime high street location in one of the most accessible areas of London. The area is regarded as one of London’s more affluent, where support of local retailers is commonplace and has lead to higher sustained margins for retailers such as this business. The business’s turnover benefits from its prominent position among other successful and well supported high street shops.

Property information

Property:

Leasehold

Lease terms:

10 years remaining on 15 year lease, review, break clauses and rent reviewed 5 yearly.

Leasehold rent:

£23,500 per annum

Location:

The business enjoys a prime high street location in one of the most accessible areas of London. The area is regarded as one of London’s more affluent, where support of local retailers is commonplace and has lead to higher sustained margins for retailers such as this business. The business’s turnover benefits from its prominent position among other successful and well supported high street shops.

Premises details:

The business is located in an easily accessible area in London and operates from premises circa 1,600 square feet area including showroom, storage, workshop and administration; with room for expansion and development on other floors. The welcoming, comfortable, air conditioned and comprehensive showroom currently displays on one floor of approximately 300 square feet and has a maintenance workshop dedicated to its in-house manufacture with associated equipment & tools. The workshop is visible through a clear partition, where customers can see the operation of manufacture and repair for themselves. The products are displayed in quality limed oak cabinets.
The rest of the property is used as office administration and storage. There is also a substantial basement which at present is unused but with some restoration could become valuable additional space.
The premises are also covered by a full CCTV security system enabling the monitoring of access, workshop and store activities.

Size in square feet:

1600 +

Other information

Expansion potential:

This business maintains an extensive database of approximately 3,000 satisfied customers, who appreciate the company’s superior products and service. There are many excellent avenues for growth, especially with investment in diversification and extension of product lines, marketing and underexploited internet opportunities.

Competition / Market:

This business is un-opposed in the immediate area.

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Trading hours:

Tuesday to Saturday - 10 - 5.30.

Furniture / Fixtures value:

£80,000 (included in the asking price)

Related documents:

• 
• Sales Memorandum