Successful Jewellers in Kingswinford

Property Details

This  well- established business has been owned by our client for some thirty seven years and sits in the heart of this popular town within the Metropolitan Borough of Dudley

The premises occupy a prominent position on  the High Street  and is close to all major retailers and banks .

The leasehold property is a one  storey building  comprising a retail showroom and office 

The Business specialises in traditional jewellery services , valuation and repairs with the added services of gold buying and services  and has the security of a large safe for valuables .

The business is already operating successfully; it does however, still offer excellent potential to increase both sales and profits in the future by:

1. Buying and selling more  gold
2. Buying and selling second hand jewellery
3. The business should have its own web site and offer web sales
4. The business should do selective advertising
Introduce High Quality Watches is highly recommended also by the current owner !

Trading hours

Tues- Friday  9.30-4.30 pm   Saturday 9.30-4pm  
The business is couple  run and managed

Financial

Turnover for financial year was £117000, with a good gross and excellent  net profit

A new lease will be granted of either 5 or 10 years , with an handover period if required 

The  rent payable amounts to £1600 per month  

Stock is extra with a value currently of circa £85000

Genuine RETIREMENT sale

We would highly recommend viewing this profitable concern which is genuinely offered for sale as our client looks towards retirement

Financial (Accounts ) will only be discussed at an appropriate meeting

A freehold investment is also a possibility under the right circumstances

A full profile is available once a non disclosure agreement has been signed.

All enquires to Kevin Stokes at kevstokes@citybusinessbrokers.co.uk City Business Brokers,111 Hagley Road, Edgbaston, Birmingham,B16 8LB Telephone-0121 452 5133   07775903332

All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.

Viewing Arrangements

All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please ring Kevin Stokes