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Jewellers Occupying Highly Enviable Trading Position

City of London, London
Leasehold Price:
£29,995
Status
FOR SALE
Advert ID
248357
Reference
B05502 / Rightbiz
Business
Hilton Smythe are delighted to present to the market a fully equipped Jewellers, currently run as an Italgold, the shop is being sold as an asset value only and our client’s business will not be included.

The high quality of the included will allows any jeweller the ability to walk straight in and continue trading with their own jewellery stock.

The shop is being sold to allow our client to concentrate on her other business.

Italgold offers very distinct and unique pieces of jewellery from Italy, Bulgaria and Turkey.

They also stock an affordable range of watches as well as offering cash for scrap gold. Our client would be willing to sell some of the current stock if any new buyer wishes to continue with some of the similar lines.

The Jewellers is a destination business attracting people from both Greater London and other major cities across the country.

Any watch and jewellery repairs are currently sent to another shop to be repaired; any new owner would benefit from carrying out repairs ‘in house’ to save on this additional cost to the business.

Any new owner could expand the current business model by adding -

  • Silver
  • More watches
  • Bespoke handmade jewellery 


Location
The business occupies a highly enviable trading position on Green Lanes in Harringay, North London.

Green lane is renowned for its excellent choice of independent retailers, restaurants and takeaways including very good furniture businesses and salons.

Harringay is a popular district in North London, centred on the section of Green Lane running between the New River, where it crosses Green Lane by Finsbury Park, and Duckett’s common, near Turnpike Lane.

Nearest mainline station to the shop Harringay Green Lanes and nearest tube station is Turnpike Lane.

There is metered parking available in the adjacent streets.



Premises
The value placed on this business is for the transfer of the assets, which include -

  • CCTV System with 5 x cameras and large wall mounted monitoring screen
  • 5 x floor standing display cabinets made of high-quality wood and glass
  • 6 x wall mounted display cabinets
  • 1 x tall glass display cabinet
  • Watch display cabinet
  • Redcare security alarm system, including 2 x new door locks
  • Repair desk
  • Storage unit
  • Large high-end storage safe
  • Air con unit
  • Staff kitchen and toilet
  • There is an excellent lighting system in place, new decor and carpet throughout.
The premises are circa 35sqm.



Tenure
We are advised the business is being sold as a Leasehold opportunity with 3 years remaining on a 6-year renewable lease paying just £15,000 per year. The business benefits from full small business relief paying zero rates in the current year.



Hours
MONDAY TO SATURDAY - 10:00am - 6:00pm

SUNDAY - 10:00am - 5:00pm



Staff
The business is run part time by our client with the help of 2 x part time members off the team also.



Financial Profile
The business accounts are not been included in the sale; however, our client advises they easily achieve a net profit in the region of £30,000 per year.



Listing Details
Leasehold Price: £29,995
Tenure: Leasehold
Location: City of London, London
Sector: Jewellery Shops, Accessory Businesses
Contact Agent
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Advert Reference: B05502 / Rightbiz
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