Hilton Smythe welcomes to the market The Gold Exchange.
The Gold Exchange is a very successful and established business trading in antiques and Jewellery, with an average £2,000 scrap gold per week.
Current stock includes but not limited to:
• Vintage posters
• War medals
The business has been trading since 2011 and due to the owner’s commitment and customer service they benefit from the majority of their business from local repeat customers and recommendations.
The Gold Exchange is currently being advertised on the local radio station which goes out 6 times a day, which has proved to be beneficial.
Scope to Improve
• New advertising and marketing campaign
• E-commerce website
• Maximise the use of social media
• Carry out Jewellery/watch repairs
• Rent out the basement
• Use online auction sites
Hilton Smythe highly advise early viewing to avoid disappointment.
The Gold Exchange generated an advised:
Turnover - £228,674
Gross profit - £177,798
Net profit - £98,546
Assets - £5,000
SAV - £20,000