Retail Jewellers | | Colchester Essex | | Retail Jewellers Ref.AB189 Location Colchester, Essex Asking Price £45,000 plus SAV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 46468
ADVERT IMPRESSIONS : 12,034 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Jewellers | | SALE: | Agent Sale | LEASEHOLD: | ££45,000 PLUS SAV | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
Based in a prominent corner location in the centre of a busy town this established jewellery store specialises in the retail of gold and diamond jewellery, a vast range of silver jewellery both traditional and contemporary, ceramic, titanium and stainless steel to include rings, necklaces, bracelets watches, as well as providing a watch repair service, which is out sourced, as well as various accessories The business also buys gold for cash and is a member of the British Jewellery Association.
This business has established an enviable reputation for its quality of product and level of Customer service. This jeweller also stocks its own brand and design of jewellery and own brand of watches.
One of the business’s key strength is its location due to which it enjoys a high level of footfall and clearly stands out by its presentation and the merchandise it retails. Whilst being extremely secure the very stylishly, recently refurbished premises are very welcoming. A well merchandised display window together with very attractively laid out display cabinets present the range in the best possible way encouraging customers to want to ‘touch and feel’. A large proportion of the product range on display is exclusive to the business as it is designed by them.
This business goes out of its way to ensure complete customer satisfaction. It prides itself on the highest quality workmanship whilst still maintaining realistic turnaround times for customer orders, with many items invariably sold from stock. The area in which it operates ensures a high volume of customers particularly during the key trading periods of Christmas and the New Year and in the run up to Valentines Day etc. But purely by its own efforts and the reputation it has built, reinforced by heavy word of mouth recommendation this business has a significant, regular Clientele.
With an established customer base and an excellent reputation for a quality range and high levels of customer service this is an opportunity to acquire a very well run jewellers situated in a highly sought after retail location.
Customer Service:
Both the owners work full time in the business, they are friendly and knowledgeable but above all offer professional service at all times. This business prides itself on the level of personal service it offers each and every customer regardless of the size of purchase. The owners share their valuable experience and advise customers every step of the way.
The results of this commitment to Customer service are evident in the degree of return custom this business enjoys demonstrated perfectly by many longstanding customers.
Key Strengths:
This business is ideally located. The benefit of the location cannot be overstated. Outlets such as this are not often available benefiting as it does from high visibility and footfall.
Key Opportunities:
There is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's products, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
There are many excellent avenues for growth, especially with online sales and marketing strategy and in house watch or jewellery repairs etc.
Premises:
The premises are leasehold, the lease is renewable and is currently under negotiation. The rent is £15,000 with rates of £6,200. The premises are on a corner location with 2 shop units, the offices are located at the top and there is a basement for storage.
Business Hours:
The business is open from Monday to Saturday 9.00am to 6.00pm.
Advertising and Marketing:
The business has used limited advertising in the past; the business has been benefiting most from its ideal location and significant levels of word of mouth recommendation. However new owners would benefit from introducing and advertising a marketing strategy to reap greater rewards from the business.
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business consistently achieves turnover circa £120,000 per year.
Support and Training:
The owners will fully assist with hand over and training.
Reason for Sale:
The owners are relocating.
| | | | | | FOR SALE | | | | | REFERENCE: | AB189 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
