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Retail

Jewelry Stores

Advent Business Sales is delighted to offer to the market this extremely well established and highly profitable jewellers, which has been trading for almost half a century. The current vendor has been in ownership for the last three decades and now offers a genuine sale due to retirement. The business is probably within the top two jewellers in the town and commands a loyal customer base. The jewellers is open for trade five days per week and is easily run by the husband and wife team without any staff. All trade is retail of which 20% includes repairs, whilst sales are predominantly 18ct and diamonds. All repair work and manufacturing work is subcontracted. Trade work is not undertaken. Sales vary from 20 to many thousands per job. The business has excellent accounting information, which shows a net profit of 120,000 before tax and interest. The business offers scope to trade 6 days a week as well as having its own workshop (probably within the basement). Any serious experienced jeweller should not wait to view. Businesses which are so profitable and easily managed rarely come to the market, especially in such a highly sought after location. Prior to viewing, any potential purchaser will have to provide proof of funding. The owner is willing to conduct a very in depth and detailed hand over period. Stock at present is in the region of 70,000. The vendor has informed us that the business does not need such a high value. The owner is prepared to reduce the stock considerably. TRADING HOURS Mon, Tues, Thurs- Sat: 9.30am 5.00pm Wed: closed FINANCIAL INFORMATION We have been advised by the vendor of the following: Annual sales: TBC Gross Profit: Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES The leasehold lock up retail premises are of a high standard with an elegant built enclosure and briefly consist of: Ground Floor Double front shop window display Central main door The shop front is of solid mahogany Bandit glass Air conditioned Electric shutters Large chubb TDR safe A large basement (could house a workshop) TENURE: Leasehold Original lease: Renewable We are advised that the annual business rates are currently: TBC

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