Somerset Retail Jewellery For Sale

Business description

Leasehold General Jewellery Shop -
North Somerset Market Town -
With Good Repair Business -
Giftware, Watches & Jewellery –
Large two-storey premises

BUSINESS:
Established in 1976, the business has been owned by the vendor since 1986.

It provides for the needs of the town, which is rapidly expanding, and the surrounding villages. The business benefits from many long-standing, repeat customers.

The shop also has a good repair business which accounts for approximately 30% of the turnover.

The business predominantly sells mid-range products, but excludes branded jewellery. However, Seiko, Lorus and Pulsar watches are stocked, along with a good range of other clocks and watches.

LOCATION:
North Somerset

TENURE:
Leasehold – with a new flexible lease to be drawn up.

ESTABLISHED:
1976

EMPLOYEES:
The vendor works in the business and is assisted by one full-time, one part-time and one Saturday girl.

TRADING HOURS:
Monday - Saturday 9.00am – 5.00pm

SALES REVENUE:
Turnover is circa £160/165,000 with more possible and with excellent Gross Profit margin of 56%.

OPPORTUNITIES:
A very well established and presented business with excellent opportunities to increase the retail sales area. Limited competition and loyal customers who benefit from a very personal service.

GUIDE PRICE:
The vendor is seeking £49,950 plus stock at valuation, for the lease, business goodwill, fixtures, fittings & equipment, subject to inventory.

SUPPORT & TRAINING:
If required appropriate training will be provided by the vendors after Exchange of Contracts has taken place.

FINANCE:
Finance can be arranged for the purchase of this business. Contact Adams & Co for further details.

FULL PARTICULARS:
Please telephone or Email for full particulars.

Thank you for your interest in this business opportunity.

Property information

Property:

Leasehold

Lease terms:

Leasehold – with a new flexible lease to be drawn up.

Location:

North Somerset Market Town

Other information

Competition / Market:

A very well established and presented business with excellent opportunities to increase the retail sales area. Limited competition and loyal customers who benefit from a very personal service.

Support & training:

If required appropriate training will be provided by the vendors after Exchange of Contracts has taken place.

Trading hours:

Monday - Saturday 9.00am – 5.00pm