Well Established Gold Trader for sale – Birmingham

Property Details

This is an easily run business for which no previous experience is necessary. Annual turnover £3,064,000 The business operates relatively simple systems and procedures buying Gold Jewellery and scrap Silver, Platinum and Watches The company makes a margin on the difference between the spot rate and the price paid to customers of the business. The Gold /Silver is then sold onto refiners, and the business uses several different refiners to ensure the best possible return.

Whilst the business is easy to run, it has also proved itself to be extremely profitable for our client i.e. £180000 net profit (March 24 accounts)

The company benefits from high footfall and a loyal customer base, particularly among older demographics. The business has been trading successfully for over 15 years and has demonstrated consistent growth in revenue and profitability

The premises are in a prime retail location in Birmingham’s Jewellery Quarter. The shop features a welcoming customer-facing area and secure facilities for handling and storing precious metals. The lease is highly competitive, with two years remaining and an opportunity for extension.

# Included in the sale all fixtures, fittings and equipment

#There is great potential to Introduce new revenue streams such as selling investment-grade metals or jewellery. Greater optimization of  the website and invest more in online marketing to drive more traffic and online sales.
Also capitalize on the growing demand for gold and silver

The owners (Husband and Wife ) are seeking to retire and are keen to pass the business on to a buyer who can continue its legacy of excellent service and profitability.

The Business would suit Entrepreneurs seeking a highly profitable and reputable business in the precious metals sector.
Investors looking to expand their portfolio with a well-established, cash-generating enterprise.
 Industry professionals wanting to scale their operations in a prime location.

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 contact Kevin Stokes on 0121 232 4686 / 07775903332