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Property Details
City Business Brokers are pleased to bring to the market this well-established Jewellery Business, which was established by our client 9 years ago and has been in her careful ownership ever since. The business stocks a variety of contemporary and traditional jewellery for ladies and men including rings, earrings, necklaces, bracelets and gifts, all beautifully presented in the stunning state-of-the-art premises. A custom-made service is also offered. The business also has a vibrant online presence and a team of experienced and skilled staff.
The business is located in the historic Jewellery Quarter in Birmingham is popular with tourists and locals alike, and occupies a prominent position close to all local amenities.
The premises were renovated in 2019 throughout, totalling £100k, and includes new wood laminate flooring, kitchen refurbishment, exterior work and painting, new windows and security films fitted, new blinds 3.8m each window, air conditioning and heating, spot lighting and feature downlighters, emulsion coated walls and perimeter power.
The new owner will benefit from the above investment which is secured with the ongoing
lease.
The purchase includes all the company assets.
Trading hours: 6 days 9.00am to 5.00pm
Staff: 3 Full-time
Lease: The current lease expires in 2027 and will renew on a rolling basis
(or it can be terminated or sublet). A 25-year lease will be available
at time of sale to fully secure the premises
Rent: £30,000 per annum
Turnover: Circa £918,000 per annum
All furniture, fixtures, fittings, equipment and limited stock are included in the Asking Price.
Note: Cash buyers only please. Priced for a quick sale.
We feel there is an opportunity for growth with investment in ecommerce. The business is also relocatable should the new owner wish to sublet the premises.
We would highly recommend viewing this profitable concern and for which the assets (list upon request) and lease are genuinely offered for sale due to the closing down of the Limited part of the business.
A full profile is available once a non-disclosure agreement has been signed.
All enquiries to City Business Brokers.
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 or via walk-ins, etc.
Library Image may be used for display purposes.
Leasehold Terms:
Current lease expires in 2027. Options available at renewal.
Trading Hours:
6 days 9.00am to 5.00pm
Number of Employees:
3 Full-time
Location Details:
Historic Jewellery Quarter, Birmingham
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is this In administrative/receivership:
No
Note: Library images may have been used for display purposes