| (REF: 1667DC) Established Jewellers In Birmingham, West Midlands |
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| Seller Reference: |
1667DC |
| B4S Reference: |
17459 |
| Asking Price: |
£225,000
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| Net Profit: |
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| Sales Revenue: |
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| Number of Staff: |
4 |
| Established For: |
30 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Sparkhill, West Midlands County, United Kingdom |
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The particular highlights of the business are:
- Very long established and well respected business.
- Has been trading for more than 30-years.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £500,000 with a net profit of 40% approximately. (See financial summary below). This has been consistent over the years and is very impressive considering the credit crunch.
- A business with great potential to increase turnover and profitability with new product lines and services.
- An easily managed operation.
- Good loyal well trained staff.
- An excellent business opportunity.
History
Phoenix Business Transfer Agents are delighted to place onto the market an excellent Jewellers which has been established since 1979. The business was established by the current owners who now wish to retire.
Services
The business trades as a jewellers selling high quality products. A very traditional well established business with huge opportunity to introduce new product lines to attract a far wider audience. The business also offers repairs and bespoke manufacture on-site. The business provides its services to the retail market, and also offers a trade-in/buy service.
Staffing
The concern employs 4 members of staff, of which two are full-time and two are part-time.
Owners Role
The owners work full time within the business and manage the day-to-day operation and management.
Marketing
The owners achieve their turnover without actively marketing their business; the business is well established locally. There is huge scope to increase awareness.
Competition
As far as competition is concerned there are other jewelers within the local vicinity but not as established.
Market
The client base consists of mainly local repeat customers and new clients via recommendation. As the shop is very prominent a large proportion of the business is introduced by passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Introduce product lines to compliment the current offerings.
Highlight the bespoke jewellery making service .
Reduce the staffing levels.
With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property occupies a very visible corner plot on a main road within an established shopping area. The property forms part of a parade of high street shops with very high footfall.
The business trades through the ground floor air-conditioned shop with offices, workshop, toilet and kitchen to the rear. The property has a very large upper floor which is accessed via the shop and is ideal for alternative uses, i.e. the manufacture of jewellery.
To the rear of the property there is secure off-street parking for several vehicles.
The building is very secure and supported by a newly refurbished/installed CCTV security system.
The property is being offered by way of lease by the current owners but may offer the freehold subject to private negotiation.
Equipment with sale
All fixtures and fittings and equipment are included in the sale price.
Financial Details
The present turnover is £500,000 per year with a gross profit of £170,000 and a net profit in excess of £100,000. The present value of the stock is in excess of £200,000 and would be available for separate purchase if the purchaser wishes..The business has in the past achieved turnover and profit figures in excess of the above mentioned figures. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
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Property: |
Leasehold |
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Lease Terms: |
A new lease will be negotiated with the current owners on an approximate rental of £45,000 per annum. |
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Current Rent: |
45,000 |
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Living Accommodation: |
No |
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Location: |
- Situated in Birmingham, West Midlands.
- Prominent location on busy main road.
- Part of a parade of shops on busy high street.
- Surrounded by densely populated residential area with schools and other local amenities.
- Very high levels of passing trade.
- Good volumes of traffic and pedestrian flow
- Commercially thriving area.
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As far as competition is concerned there are other jewelers within the local vicinity but not as established. |
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The concern has huge potential. In particular the turnover and profits can be increased by:
Increasing the marketing activity with direct mailings and local and internet advertising.
Introduce product lines to compliment the current offerings.
Highlight the bespoke jewellery making service .
Reduce the staffing levels.
With an enhanced website.
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The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made. |
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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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Monday to Saturday 10.00 to 18.00 hrs.
Sunday Closed
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The concern employs 4 members of staff, of which two are full-time and two are part-time. |
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