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Bespoke Hand Crafted Jewellers in Affluent Location

Horsham, West Sussex
Leasehold Price:
£138,995
Status
FOR SALE
Advert ID
243760
Reference
B05273 / Rightbiz
01204556300
Business
Hilton Smythe are privileged to present to the market Sakakini Jewellers, established by our client in 2003 and now offered for sale due to the constraints of his other business interests not located within the area.

Hilton Smythe have successfully valued and sold many Jewellers across the country, many of which follow the traditional business model of selling jewellery from a range of shop stock to smaller independent Jewellers who focus on selling their own designs. Here at Sakakini Jewellers they have developed an interactive website which allows customers to both create, design and have manufactured a piece of jewellery to their individual preference and budget.

The unique website would easily allow any new buyer without a Jewellers background to walk straight in and continue trading, we are advised a full website training handover will be offered by the manufacturer to allow a 100% smooth transition.

The excellent website included in the sale allows customers to establish the relationship between customer and retailer off site, wetting their appetite to the opportunity of owning a unique piece of jewellery they may have created just for them. Many pieces may have influences from well-known figures, from recent wedding rings worn by new brides to the Royal family or from pieces of jewellery once owned by relatives in a customer’s own family.

The website will allow choice of design, material used, clarity of diamonds, size etc and will estimate a price instantly for their choice which will go direct to our client. This pre order information will help any 121 meeting go successfully, a design will cost in the region of £120 and we are informed 95% of designs paid for go ahead.

There is an excellent choice of engagement rings, wedding rings, pendants, earrings, eternity rings, dress rings, 3 or 5 stone rings on the website and the current average ring order value sits at £1,500.

We are advised the sales turnover is split 50% from the custom made jewellery, 20% from the retail selection in store and 30% from jewellery repairs.

The business also offers a unique ‘Jewellery Doctor’ service which is clearly explained on its active Facebook page, which currently attracts 1,600 followers.

All previous customer orders are kept on file which allows excellent repeat work and referrals from family and friends of the local customer base.

This multi-award winning business comes with 5 star reviews which are confirmed with the many accolades our client had received over the years, including:

Retailer of the year twice and retailer of the year south east of England, ‘The South East’s Retailer of the Year in 2018’ and an ‘Industry Lifetime Achievement' award confirming the excellent service, choice and quality of its jewellery made. Also featured in Vogue Magazine. Any prospective buyer would find it near impossible to find a turn key successful Jewellers of this level in any other part of the country!

4.6/5 Google review score.

Our client admits, they enjoy natural sales growth within the business and any new buyer may look to investigate any of the following to fuel further growth -

  • Develop a pure online ordering service
  • Gold buying, selling and scraping service
  • Add a new marketing and advertising campaign
  • Increasing the social media presence
  • Attending wedding fairs and local retail focused events 
  • Open later and add Sunday trading hours
We are very excited about the transfer of this business and would advise any potential buyer to make an early enquiry to avoid disappointment.



Location
Sakakini Jewellers occupies a highly desirable period shop unit on Carfax , a much sought after Town centre location in Horsham , West Sussex.

Horsham is a very affluent market town, recently named as the 5th most wealthiest Town in the Country located on the upper reaches of the river Arun on the fringe of the Weald and a popular area for commuters working in London which is 31 miles south west and 23 miles north west of Brighton and 26 miles northeast of the country town of Chichester. Gatwick airport is only 14 miles away.

Carfax is a street leading directly off North street which leads to Horsham’s mainline station as well connecting drivers to the b2237 and A24, linking to A264 and nearby M23 motorway.

Our clients business enjoys close proximity to 2 x large car parks, the towns Swan Walk indoor shopping centre and sits facing the town square, bandstand and array of other complementary retail outlets, banks, coffee shops and estate agents.

The Town enjoys excellent daily footfall, including 2000 office workers form the Creative Assembly, Horsham council and nearby RSA call centre.  Due to the bespoke nature of the Jewellers, the shop is a destination business attracting customers from both West Sussex and further afield.



Premises
Ground floor - 2 x secure window displays, 30 x glass fronted display cabinets. 2 x customers service areas to the front of the shop, rear consultation desk with PC. 2 x floor mounted safes.

Rear space - workroom includes jewellery polisher, electroplating machine, jewellery finishing tools and equipment.

Staff room and staff toilets



Tenure
We are advised the business is being sold as a Leasehold opportunity with 3 years remaining on a renewable 10 year Lease paying £28,000 per year.

Current business rates this are now £6,000 payable.



Hours
MONDAY TO SATURDAY - 9am to 5pm

SUNDAY - Closed



Staff
The business is run and managed by our client who now works mainly part time hours within the business with the help of 3 trained staff who comfortably run the business in the absence of our client.



Financial Profile
As of the 2018 accounts the business generated a turnover of £335,892 with an adjusted net profit of £56,111. Current stock levels sit in the region of £40,000.



Listing Details
Leasehold Price: £138,995
Tenure: Leasehold
Location: Horsham, West Sussex
Marketed By: Hilton Smythe
Sector: Jewellery Shops
Financials
Annual Turnover: £335,892
Contact Agent
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Advert Reference: B05273 / Rightbiz
What's nearby
Within 1 milei:
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