| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 106,987 TIME(S)
BUSINESS REFERENCE : AE028 / RightBiz AE028-SCOTLAND-£75,000-JEWELLERY RETAILER & REPAIR | | | | | | Substantial Leasehold Jewellery Retailer & Repair (Freehold available by seperate negotiation) Confidentially offered for sale Ref No: AE028 Location: Scottish Central Belt Scotland Asking price £75,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Manufacturing | | TRADE TYPE: | Other | | SALE: | Agent Sale | LEASEHOLD: | £75,000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
This business was founded in 1978 by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a reputation for the quality of its products, flexibility of service and reliability.
The business operates from a prime location in Central Scotland and has established itself as one of the region’s leading independent jewellery retailers. Many current customers have been loyal to the business since the very beginning and this has been due in no small part to the business’s competitive prices, quality and unique products, first class knowledge and attention to detail.
The business has always believed in the pursuit of excellence, installing new technology, constantly reviewing and updating its service commitment and its methods of business, ensuring that valued customers receive the very best service and quality of product.
The business has shown itself to be resilient in the face of competitive and economic forces and has maintained strong and incremental growth over its 30 years of trading. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are as a result never let down. This commitment to supply chain relationships has underpinned this business’s abilities in product quality and sustained business growth.
No small part in the ability of this business to grow and sustain its profitability is due to the quality of its people. The business has a strong commitment to the development and welfare of its staff; which has contributed to the excellent profitability of the business and its current position as it is poised to exploit expected and significant new growth in turnover.
A key component has been customer service which is focused to a great extent on the flexibility of the business, taking the approach ‘no job too big or too small’. Understanding this has resulted in the business establishing itself almost without competition.
Customer Service:
The business manages several hundred customers in any normal month and has the systems, processes and people to ensure that both productivity and customers’ orders are satisfied. The most important aspect of customer management and satisfaction considered by the business is flexibility and is responsible for the business retaining many customers and the reputation for which has led to the acquisition of many new customers.
High quality service, with flexibility, honesty, reliability and good value, every order request is important and customers always come first. The result is self evident in the business’s sustained level of repeat business.
Key Strengths:
The business is well established and very profitable, with a loyal and growing customer base, retaining a high level of repeat business, particularly among a number of customers returning on a regular basis and having done so for many years.
The company has earned an outstanding reputation for its professionalism, service, reliability, flexibility, efficient order fulfilment and a willingness to help.
Growth and Expansion:
The current market for this business’s services is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of this growth as it occurs.
Key Opportunities:
This is an outstanding opportunity to build on the existing services and customer base of this company. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.
This firm maintains an extensive base of satisfied customers, who appreciate the company’s superior services. There are many excellent avenues for growth, especially with marketing investment and forecasts which are showing early trends for growth and development. Additionally, the vendor has avoided any price increases for a few years and believes the market would comfortably swallow a review.
Employees:
The business currently employs the founder plus 2 full time and 2 part time staff.
Advertising and Marketing:
The business has used limited advertising in the past and there are excellent opportunities to increase this and market the business more aggressively to significantly increase turnover.
A high proportion of the business's revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Premises:
The business is located in an easily accessible area in Central Scotland and operates from a circa 1,000 square foot area over the Ground Floor and Basement including storage/workshop area, service counter area and administrative offices.
The premises are superbly appointed and represent the professional qualities and service the company has built its reputation upon. The vendor owns the freehold and would grant a new lease. The freehold may be available by separate negotiation.
Financial Information:
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 is financially stable with no borrowings, low overheads, positive cash flow, high gross and high net profit and has shown consistent high growth over 30 years trading.
Sales revenue is circa £350,000 per annum and the vendor feels that with investment in sales and marketing combined with the expected increase in market demand the business could dramatically increase its revenues.
Reason for Sale:
The business is for sale as a result of the vendors’ wish to follow other areas of interest.
Support and Training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AE028 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
