Well Established Jewellers With Quality Reputation | | Brentwood Essex | | WELL ESTABLISHED JEWELLERS WITH QUALITY REPUTATION - ESSEX High Street location in the popular and affluent Shenfield Turnover £138,000 pa with high gross margins | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 56753
ADVERT IMPRESSIONS : 9,176 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Jewellers | | SALE: | Agent Sale | LEASEHOLD: | £69,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | WELL ESTABLISHED JEWELLERS WITH QUALITY REPUTATION - ESSEX
High Street location in the popular and affluent Shenfield
Turnover £138,000 pa with high gross margins
Leasehold property with new lease available
Well established with huge growth potential
Early viewing highly recommended
LEASEHOLD
Location
This well established jewellers is located in a High Street position in the popular town of Shenfield. Shenfield is an ideal position for the business as it has a large and densely populated catchment area to include the Brentwood and Billericay. The business enjoys a monopoly trade and is the only jewellers for some 4 miles in each direction. The business is surrounded by a wealth of complimentary businesses that all bring large numbers of footfall to the High Street which benifits the business enormously. Shenfield and the surrounding area has strong road and rail links and is serviced via the M11 and M25 motorways plus mainline rail to the city of London.
Business History
Meridian Business Sales are delighted to be able to offer to the market this well established and respected jewellers which has been in the careful hands of our clients since 1980. The only reason this rare opportunity is being offered to the market is our clients desire to take a well earned retirement.
Since our clients took ownership of the business they have undertaken a full programme of refurbishment meaning that the business is in a walk-in and trade condition. Our clients have continually developed the business by introducing jewellery repair & wall clocks all of which have proved to be popular and financially successful. Our clients inform us that the current turnover is running at £138,676 pa with a gross margin of £78,290.
There is huge growth potential to increase the turnover as our clients currently run the business at reduced hours to suit their lifestyle. Sunday trading would also add to the already impressive turnover and profits. Meridian Business Sales recommends early viewing on this business to fully appreciate the quality and future enormous growth potential.
Financial Profile
Turnover: £138,676pa
Gross profit: £78,290
Stock approximately: £65,000
Tenure
Leasehold
Original length: 12 years
Remaining: 2 years
Review: 4 years
Rent: £16,500pa
Opening Hours
Monday: 9:00am - 5:00pm
Tuesday: 9:00am - 5:00pm
Wednesday: Closed
Thursday: 9:00am - 5:00pm
Friday: 9:00am - 5:00pm
Saturday: 9:00am - 5:00pm
Sunday: 9:00am - 5:00pm
Accommodation
Ground floor lock up retail unit in a popular and desirable High Street location
GROUND FLOOR
Main entrance leading to an open plan trading area comprising of: Full window displays to both front windows
Storage draws under window displays
Bespoke sales desk with glass cabinets for display purpose
Back wall cabinets and safe
Repair room with work bench and various hand tools
Carpet tiles to all flooring
Modern suspended ceiling with lighting
6 x bespoke wood and glass full height display cabinets with glass shelving and lockable doors
Central display unit again in glass with storage facility under
Seating area with desk for client consulting
Kitchenette with sink
Staff toilet
EXTERNAL
Pedestrian High Street with parking planters and seating. | | | | | | FOR SALE | | | | | REFERENCE: | 2030 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
