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Asset Goodwill and Lease Sale High End Jewellers

Petworth, West Sussex
Leasehold Price:
£44,995
Status
FOR SALE
Advert ID
250379
Reference
B05584 / Rightbiz
Business
Hilton Smythe are privileged to present to the market an independent Jewellers with over 30 years successful trading history from this unit.

The price we have placed on the business is based on the transfer of the highly desirable lease, the design and appearance of the jewellers and specific pieces of assets which will remain. The location/reputation of the jewellers is renowned across the South-east and even though we are not including the current clients accounts or designs within the sale, we identify that any new buyer will be able to capitalise on the lucrative client base who will continue to visit the unit.

Allan Christensen has been designing and producing exquisite, bespoke jewellery for over 40 years. He was born just outside Copenhagen, Denmark and moved to London in 1969. The success of his distinctive style of jewellery resulted in the Petworth store opening in 1989. The business enjoys a high percentage of repeat business from different generations of families with people looking for unique pieces to celebrate the special occasions throughout their lives.  Customers include Natalia Vodianova and Lauren Fox.

The business has featured in many magazines over the years, including Homes & Gardens and the Telegraph.

Our clients offer their own unique collection of rings, necklace pendants, necklaces, bangles, cufflinks, earrings and brooches.

We advise any new owner looks to keep the emphasis of the business to the higher end of the market, the majority of serious buyers visiting the area are attracted by pieces not available in other parts of the country. Whether that be for jewellery or antiques.

Any new owner would also benefit from introducing a new website, social media presence and advertising campaign, with a specific direction to the London based customer.

Our clients are now looking to retire and would like to pass the business to someone with similar values and business focus.

We recommend an early viewing of the Jewellers to avoid disappointment.



Location
This delightful Jewellers is located within the Old Bakery at 1 Golden Square in Petworth, West Sussex.  Golden Square is a destination for those looking to explore a unique collection of independent retailers, food delicatessens, cafes and florists.

The main car park for Petworth is located at the top end of Golden Square which ensures excellent footfall levels from the thousands of visitors to the town each year.

Petworth is a beautiful market town, a centre of Arts and Culture.  Set in the heart is the South Downs National Park and is surrounded by the walls of Petworth House and park. Petworth has recently been voted as the most desirable place to live and visit within the West Sussex County. It offers a year round diary of festivals, markets, exhibitions, craft fayres, music concerts and walks.

Petworth town is mentioned in the Domesday Book and particularly known for its stately home and grounds which now belong to the National Trust. The quaint streets are filled with period character houses and independent retailers specialising in antiques, local produce and Afternoon Teas.

The town has become a destination for many from London, Surrey, Kent and Sussex looking to enjoy the grounds of Petworth House but to also peruse the many antique shops the town has to offer. Our client benefits from this desirable customer base who make a regular visit to the Jewellers to pick up unique pieces of handmade jewellery not available in any other part of the country.

The town is located just off the A272 and is 6.5 miles east of Midhurst and 16 miles west of Horsham.



Premises
Front External - 2 x attractive bow window displays with integrated lightning

Main Shop area - Decorated in rich colours and handmade carpet throughout, assets to be included - circa 85sqm

Glass/wood floor standing cabinet

3 x Wall mounted glass/wood display cabinets

Hexagon shapes glass display cabinet

2 x Rectangle shaped glass/wood display and service cabinets

3 x Fixed lamps, mirror, ceiling lighting

Consultation desk, 3 x chairs

Workshop - 2 x Distinct areas to the rear of the main shop, includes

2 x Work stations (tools and equipment not included)

Large floor standing Safe (alarmed)

Restroom area

Staff toilet

Kitchen area / stockroom space



Tenure
We are advised the business is being sold as a Leasehold with 1 year remaining on a 10 year renewable lease paying £16,500 per year. The current rates paid are £6,500 per year.



Hours
SUNDAY & MONDAY - closed

TUESDAY - SATURDAY - 9.30am to 4.30 pm



Staff
The business is currently run and managed by our clients only.



Financial Profile
The turnover of our clients business is not being included, the value is based on the lease and assets value.



Listing Details
Leasehold Price: £44,995
Tenure: Leasehold
Location: Petworth, West Sussex
Sector: Jewellery Shops, Investment Properties
Contact Agent
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Advert Reference: B05584 / Rightbiz
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