Leasehold Quality Collectables And Jewellery Shop Kent | | Dover Kent | | Phoenix Business Transfer Agents are delighted to place onto the market this leasehold quality collectables and jewellery shop which has been established since1991. The business has been in the hands of the current owner since inception and she now wish | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 71745
ADVERT IMPRESSIONS : 6,256 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Jewellers | | SALE: | Agent Sale | ASKING PRICE: | £160000 | LEASEHOLD: | £160000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | - Situated in Cannon Street area of Dover in Kent.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Area earmarked for regeneration.
- Surrounded by well populated residential area with schools and other local amenities.
- Local population consists of local community, business persons and tourists.
- Area offers exceptional lifestyle.
- Outstanding tourist trade.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with A259, A256 and good railway links.
Business Details
The particular highlights of the business are:
- Ideally located concern offering excellent lifestyle.
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £65,000 pa with a net profit of £20,000. (See financial summary below). This is very impressive considering the credit crunch.
- A business with great potential which has not been exploited because the owner wishes to retire .
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- The business provides high quality costume jewellery, various quality crystal pieces made by Moorcroft, Snarovski, quality chess and gift sets, art pieces and many other high quality collectables.
History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold quality collectables and jewellery shop which has been established since1991. The business has been in the hands of the current owner since inception and she now wishes to sell due to retirement.
Services
This very good business opportunity provides high quality costume jewellery, various quality crystal pieces made by Moorcroft, Swarovski, quality chess and gift sets, art pieces and many other high quality collectables.
Staffing
The concern employs 2 part time staff. They are paid at the rate of £6.20 per hour. The total wage bill is £2,579.20. All staff would stay on after a sale.
Owners Role
The owners’ role is managing and working in the concern full time.
Marketing
The owner does not market the business and does not have a website.
Competition
As far as competition is concerned there is only one which caters for a different market
Market
The client base consists of local community and surrounding areas, business persons and tourists.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Sunday.
• With the introduction of a website and e-commerce.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The property is terraced and is part of a parade of shops and is approximately 80ft x 30 ft. The front is branded with an attractive glass front. The main customer service area is tiled with shelving and display cases to the walls. It is very well presented and is very conveniently laid out.
To the basement there is a store room, a toilet and staff facilities.
Equipment with Sale
All fixtures and fittings and equipment are included in the sale price and are valued at £20,000.
Financial Details
The present turnover is £65,000 per annum with a gross profit of £45,000 and a net profit of £20,000. The wages are £2,580. The present value of the stock is £80,000.
The potential turnover of the business within the next 2 years is forecast to reach £160,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Trading Hours
Monday to Saturday – 09.00am - 5.00pm
Sunday Closed
Tenure
The original length of the lease was 25 years with 5 years remaining. The rent is £13,000 pa with flexible reviews. The lease may be renewable or negotiable for longer term if required. The rates are £2,249.00
Viewings
The owners are available for viewings at any time by prior arrangement.
Price: £160,000 | | | | | | FOR SALE | | | | | REFERENCE: | 2451 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
