Sold £479,000 - General Retail
This “High Class ” well- established business has been owned by our client for over thirty seven years and sits in the heart of this popular Tourist City
The premises occupy a prominent position within Worcester City Centre close to the main pedestrianised High Street and close to all major retailers and banks .
The property is a four storey Grade II Listed building comprising a retail showroom on the ground floor with first floor offices and second and third floor ideal accommodation with rear pedestrian access
The Business specialises in traditional jewellery services , valuation and repairs with the added services of gold buying and pawnbroking
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.
Due to retirement the Business has lower than usual stock levels but profits remain good
As a property investment the present vendor estimates a yearly rental value if property is optimised fully of over £50000 plus .pa
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. Ideal opportunity for a person seeking a great start up opportunity with accommodation or rental income
Monday- Friday 9.00am – 5pm
Saturday 9.00am – 5. 30pm
The business is owner run
Turnover for financial year 2012 was £249000, with a good gross profit of £162000 and a operating profit of £49000
Property details – A1 and A2 Planning consent
The property is a four storey Grade II Listed building comprising a retail showroom on the ground floor with first floor
offices and second and third floor ideal accommodation
Excellent Footfall within this vibrant City Centre .
We would highly recommend viewing this profitable concern which is genuinely offered for sale as our client looks towards retirement.