Well Established Jewellers in Redditch

For sale £79,950 - Jewellers

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

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

The property is a one  storey building  comprising a retail showroom and office  (500 sq feet )on the ground floor

The Business specialises in traditional jewellery 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 more  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
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

Financial

Turnover for financial year 2015 was £162000, with a good gross and excellent  net profit of £54000 +

A new lease will be granted of either 5 or 10 years , with an handover period if required

The current rent is only £6636 pa and no Business Rates

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

Business Location
Business Location

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