Business for sale

Business description

LOCATION
Our client is ideally situated in a busy town centre occupying a prominent corner position within a pedestrianised parade. Other businesses in the area include all major high street retailers as well as individual independents.

Nuneaton can be easily accessed with the A4 and A444 providing good road networks.

There is plenty of town centre pay and display parking within yards of the main shopping area.
THE BUSINESS
Advent Business Sales have been instructed to offer for sale these well established and successful jewellers.

Established in 1989 by the current vendors, it is now reluctantly offered for sale so they can concentrate on consolidating their other business interests.

Our clients have an excellent local and enviable reputation.

The business offers all the usual jewellery services and products, as well as watch and jewellery repairs.

A good proportion of sales is of 9ct and 18ct gold and silver jewellery new and used.

A good offer of gifts and novelties further compliment the business.

Our client has been trading successfully with virtually no advertising except recommendation and word of mouth.

A full time manager and 4 part time staff run the business.


TRADING HOURS
Mon – Sat: 9.00am – 5.30pm


EXPANSION POTENTIAL
The business would benefit a couple or an owner manager, this would enable tighter controls and a better profit margin would be realised with absorption of staff costs.

There are several other options to enhance the business reputation by including increasing stock lines, pawn brokering and cheque cashing.

FINANCIAL INFORMATION
We have been advised by the vendor of the following:

Annual sales: £191,000
Gross Profit: £96,000

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
A ground floor well presented jewellers shop benefiting from a red care alarm system, double glazing and air conditioning and comprising of the following:

Ground Floor
 Arcaded shop front with a single central doorway
 Main shop area fully equipped with custom made fitted wall showcases and glass display cabinets
 Safe and till area
 To the rear there is a small storage area
 W/c
TENURE: Leasehold
Original lease: 5 years
Remaining lease: 2 years
Review every: 5 years
Rent: £16,000 P.A.

We are advised that the annual business rates are currently: £5,000 P.A.