Chatwin Jewellers of Cannock for sale (offers invited )

Property Details

This “High Class ” well- established business has been owned by our client for some thirty seven years and sits in the heart of this popular Staffordshire Town

The premises occupy a prominent position within the Shopping centre and is close to all major retailers and banks .

The property is a two storey building  comprising a retail showroom on the ground and upstairs  Storage/Workshop facilities

The Business specialises in traditional jewellery services , valuation and repairs with the added services of gold buying and services  and has the security of 3 large safes for valuables .

We feel .the Business could expand further with the introduction of additional stock lines which would appeal to new markets or initiate an e-commerce website.

The business is already operating successfully; it does however, still offer excellent potential to increase both sales and profits in the future by:
1. Buying and selling gold
2. Buying and selling second hand jewellery
3. The business should have its own web site and offer web sales
4. The business should do selective advertising
5. A new owner wanting to work for 6 days a week could potentially then save on staff wage costs

Introduce High Quality Watches is highly recommended also by the current owner !

Trading hours

Monday- Saturday 9.00am – 5.30pm
The business is owner run and managed with the assistance of one fully qualified manager and 7 assistants

Financial

Turnover for financial year 2015 was £660000, with a good gross and net profit

A new lease will be granted of either 5 or 10 years , with a 3-6 month rent period for the ideal candidate

The current rent is £38000 pa but will be reduced to £27000pa  again to show iniative to a new buyer via the Landlord

Genuine RETIREMENT sale

We would highly recommend viewing this profitable concern which is genuinely offered for sale as our client looks towards retirement

Financial (Accounts ) will only be discussed at an appropriate meeting

A full profile is available once a non disclosure agreement has been signed.

All enquires to Kevin Stokes at kevstokes@citybusinessbrokers.co.uk City Business Brokers,111 Hagley Road, Edgbaston, Birmingham,B16 8LB Telephone-0121 452 5133   07775903332

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

Viewing Arrangements

All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please ring Kevin Stokes