The company sells antique, vintage and modern pre-owned jewellery alongside new pieces featuring diamonds, gemstones and precious metals, also generating significant revenue from B2B gold bullion sales utilising items purchased from the general public and other UK-based retailers.
With a long-standing history, excellent reputation for high-end products and exceptional customer service, the company is now in a prime position from which it can achieve further success, with investment by a new owner enabling it to increase its revenue significantly.
The Shareholders are offering the company for sale as part of their retirement plans.
Key Highlights
- Revenue broadly split 50/50 between jewellery and B2B gold bullion sales.
- Jewellery sales generated by the general public, with a customer database featuring over 69,000 individuals.
- Considerable scope for further growth through the acquisition of new shops or the introduction of an own-brand range.
- Sales of high-end products expected to drive the retail jewellery market over the next five years, with record gold prices set to continue throughout 2023.
- Experienced second-tier management team in place, including an individual who could take on the Shareholder’s responsibilities.
- Operates from several independently run jewellery shops spread across the south of England.
Financial Highlights
- Turnover of £8m in YE24.
- Adjusted EBITDA of circa £1m achieved in the same year.
- Projected turnover of £10m for YE25, with an adjusted EBITDA of £1.6m.
- UK retail jewellery market currently valued at £7.8bn.
- Property assets currently valued at £750k. These will be included in the sale.
