Jewellers for sale in Cannock

For sale £29,000 - General Retail

City Business (Retail div ) is delighted to welcome to the market this well- established business  which has been owned by our client for some 25 years and sits in the heart of this popular Staffordshire Town

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

The property is a single storey building comprising a retail showroom on the ground and a stock room and wc to rear ..

The Business specialises in traditional jewellers services , valuation and repairs with the added services of gold buying and services  and has the security of a large safe 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 jeweler 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 3 assistants

Financial Turnover for financial year 2015 was £209000, with a good gross .

A new lease will be granted of either 5 or 10 years , the current lease has a flexible arrangement .

The current rent is £10500 pa

#Member of the CMJ #

Genuine RETIREMENT sale

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

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

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