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(REF: AN032 )  Traditional, independent retail jeweller with good levels of repair turnover
 
Seller Reference: AN032
B4S Reference: 18924
Asking Price: £120,000
Net Profit: £82,000
Sales Revenue: £296,000
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Leasehold
Location: United Kingdom
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Similar business types:
Jewellers For Sale in the UK
  Business Summary   
  Established in the 1960’s and in the hands of the current owners of the business, the second generation of the family, since the late 70’s, this traditional outlet is recognised locally as a high quality jeweller specializing in medium to high end pieces, engagement rings, wedding rings and watches together with modern and traditional gold jewellery from leading manufacturers.

The healthy turnover from sales of new jewellery is matched almost equally by its repair and restorations service, a clear differentiating factor from its competitors and a major buffer against the more mainstream High Street outlets. The cleaning and repairs to most jewellery items, re-setting gemstones; soldering broken chains, re-sizing of rings, replacing stones, cleaning mechanical watches and the replacement of batteries for higher quality watches, for example - are all carried out by this business. Watch repairs and some jewellery repairs are undertaken in-house with additional support available from an outside setter. The company also outsources engraving work which is another important source of income for the business.

Renowned for offering good ‘old fashioned’ customer service and held in very high regard by its competition, this business is committed to making the purchase of rings, watches, jewellery, clocks and silverware a pleasurable experience for its customers with its wide range of fine products, beautifully displayed in traditional, characterful premises. Knowledgeable, friendly, professional and helpful staff are always on hand to assist customers with their choice and answer any queries they may have relating to the merchandise available.
  Property Information   
  Property: Leasehold
 
  Lease Terms: This business occupies a secondary retail location just outside the main shopping areas of this busy West Sussex town. Close to a large car park and very well established, the business enjoys high levels of customer awareness and good levels of footfall.
 
  Living Accommodation: No
  Competition   
  Very well established in its location and benefiting from high levels of residual awareness, the business invests little in marketing and advertising.

A high proportion of the business's revenue results from its excellent reputation for quality and service and strong word of mouth recommendation.
  Growth Potential   
  N.A.
  Support and Training Offered   
  The current owners will provide all necessary training and introduction to all relevant supplier contacts to ensure a smooth transfer of the business to new Owners.
  Reason for Selling   
  This is a genuine retirement sale.
  Other Details   
  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No
  Summary of Business Hours   
  The business currently opens six days per week, between 9.00 am and 5.00 pm and is closed half day on Thursday and all day, Sunday.
  Summary of Staffing   
  The owners, a husband and wife team, are responsible for the day-to-day operation of the business, supported by three part-time sales assistants working hours to suit.





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