| (REF: AB189) Retail Jewellers |
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| Seller Reference: |
AB189 |
| B4S Reference: |
16762 |
| Asking Price: |
£45,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£120,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Colchester, Essex, Essex, United Kingdom |
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Based in a prominent corner location in the centre of a busy town this established jewellery store specialises in the retail of gold and diamond jewellery, a vast range of silver jewellery both traditional and contemporary, ceramic, titanium and stainless steel to include rings, necklaces, bracelets watches, as well as providing a watch repair service, which is out sourced, as well as various accessories The business also buys gold for cash and is a member of the British Jewellery Association.
This business has established an enviable reputation for its quality of product and level of Customer service. This jeweller also stocks its own brand and design of jewellery and own brand of watches.
One of the business’s key strength is its location due to which it enjoys a high level of footfall and clearly stands out by its presentation and the merchandise it retails. Whilst being extremely secure the very stylishly, recently refurbished premises are very welcoming. A well merchandised display window together with very attractively laid out display cabinets present the range in the best possible way encouraging customers to want to ‘touch and feel’. A large proportion of the product range on display is exclusive to the business as it is designed by them.
This business goes out of its way to ensure complete customer satisfaction. It prides itself on the highest quality workmanship whilst still maintaining realistic turnaround times for customer orders, with many items invariably sold from stock. The area in which it operates ensures a high volume of customers particularly during the key trading periods of Christmas and the New Year and in the run up to Valentines Day etc. But purely by its own efforts and the reputation it has built, reinforced by heavy word of mouth recommendation this business has a significant, regular Clientele.
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Property: |
Leasehold |
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Lease Terms: |
The premises are leasehold, the lease is renewable and is currently under negotiation. The rent is £15,000 with rates of £6,200. The premises are on a corner location with 2 shop units, the offices are located at the top and there is a basement for storage.
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Current Rent: |
The rent is £15,000 with rates of £6,200 |
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Living Accommodation: |
No |
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The business has used limited advertising in the past; the business has been benefiting most from its ideal location and significant levels of word of mouth recommendation. However new owners would benefit from introducing and advertising a marketing strategy to reap greater rewards from the business. |
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The owners will fully assist with hand over and training. |
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The owners are relocating. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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The business is open from Monday to Saturday 9.00am to 6.00pm. |
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