| (REF: 1044) 2 X Jewellers in Burnley For Sale |
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| Seller Reference: |
1044 |
| B4S Reference: |
25913 |
| Asking Price: |
£100,000
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| Net Profit: |
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| Sales Revenue: |
£1,000,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
25 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Burnley, Lancashire, United Kingdom |
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Key features:
• 2 shop locations
• A prime Town centre trading position
• Substantial and well fitted double indoor market hall premises
• Consistently high levels of turnover and profitability
• Lots of further potential
• Secure trading license on favourable rental terms
• Priced for quick sale with early viewings essential
• Situated in a densely populated area
Situation
This business consists of 2 separate shops 1 is based in the centre of the market hall in Burnley. The stall includes a large well presented front with thick windows all the way around the premises which is a security advantage as there has been no theft while our client has run the business. The display in the windows consists of a variety of jewellery ranging from £10 - £5000. The 2nd shop is based on the front of the main promenade in Burnley.
Business
Our client has been in this specific trade for 25+ years and has worked extremely hard over the years in building the business and has generated a very popular name in the Burnley area with strong customer base and an excellent reputation in the jewellery industry. Kannika jewellery design offers a variety of services buying and selling jewellery and repairing all aspects of Jewellery. This very good business is well known in Lancashire and the North West. Our client’s current staff are willing to stay for a potential buyer. This business is a must see for any person looking for a good business investment as last year’s turnover was over £1 million pounds. The business enjoys all the considerable commercial advantages of its outstanding and much sought after trading position among numerous other complementary outlets in a high footfall indoor market hall situated in the busy heart of Burnley town centre. Kannika jewellers also works on a sub-contracting commission earning basis with some of the fantastic jewellery lines and would naturally furnish any enthusiastic purchaser with considerable scope for continued growth, not least with regard to investment in sales.
The original leasehold was 10 years however there are 4 years remaining which is reviewed every 5 years.
Alternatively, this versatile proposition would most certainly appeal to some similar sized or larger allied enterprise looking to significantly increase its existing share of the diverse retail jewellery market. We would strongly recommend the earliest possible viewing.
The current opening hours are:
• Mon – Sat 9am to 5pm
• Sundays closed this is an opportunity to open Sundays for further growth
Another further growth opportunity for a potential buyer is to introduce a dedicated website for the business explaining the services they offer which could lead to online sales.
Our client is only putting this outstanding trading business on the market due to wanting a well earned retirement.
Financial Information
Current turnover in the region of £1,000,000 per annum with good profits and HUGE scope to increase.
Lease
The premises are being offered with the benefit of a secure renew able 9-year lease with review s every 4 years.
Rent
The current rent stands at just £10,200 per annum.
The business Buildings
This business consist of 2 separate shops 1 situated in the centre of the market hall in Burnley and the other premises is based on the busy front of the main promenade also in Burnley.
The market hall premises – consist of large well presented welcoming front, windows all around the premises with a display area in the windows.
The shop property– the shops includes a well presented front, CCTV, police CCTV just outside the premises, counter and a variety of display areas and fully equipped for a potential buyer.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches what so ever should be made to the owner or the business. For an appointment to view please telephone 01254 776022.
Quote Ref 1044
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Property: |
Leasehold |
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Living Accommodation: |
No |
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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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