Contemporary Silver Jewellery Retailer For Sale

Business description

Taboo is an established retailer of high quality, contemporary silver jewellery and branded watches. The business combines the retail aspect from its base in Eastbourne, East Sussex and also the importing of the silver from key markets around the world. It is also considered to be the ideal venture for a franchise business or small chain.

Property information

Property:

Leasehold

Lease terms:

The shop has the advantage of a private 12-year FRI lease.
The current rent is set at £10,750 p.a. with a 4 yearly review.
The next review is due in 2011.

Location:

Taboo is situated in a prime location within the ‘Little Chelsea’ area of Eastbourne, nearby the main BR station and ‘Arndale’ shopping centre. The area enjoys a high level of footfall due to its proximity to the central library, town hall and other amenities.

Other information

Expansion potential:

There is the possibility to leverage from the importing side of the business to sell at the whole sale level and also to franchise the retail brand.

Competition / Market:

There is no direct competition in the town and the business has has an excellent, long-standing reputation.

Support & training:

Full training will be provided. The vendor has agreed to offer an accompanied buying trip to his key suppliers (cost to be met by the purchaser).

Reasons for selling:

Retirement.

Trading hours:

Monday - Saturday 9.30am – 5.30pm