Sold £35,000 - General Retail
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 !
Monday- Saturday 9.00am – 5.30pm
The business is owner run and managed with the assistance of one fully qualified manager and 7 assistants
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 firstname.lastname@example.org 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.
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