Established Traditional Jewellery Stores with Repair and Bullion Trade in Bournemouth Dorset For Sale
Bournemouth, Dorset
- Status
FOR SALE
- Date Submitted:
13/02/20
- Advert ID
256226
- Reference
66661-470510 / Rightbiz
- Call Agent:
- Leasehold: £2,000,000
- Turnover: Not Applicable
- Net Profit: £472,927
Key Features
- Accounts Available
- Fully Fitted
- Town Centre location
- Retirement Sale
- Large Business for Sale
- Company for Sale
- High Turnover
- Established Business
- Attractive Business
Business Details
Traditional Jewellery Stores with Repair and Bullion Trade
Established in 1982, this traditional jewellery group is situated on the central south coast of England and consists of 5 retail outlets. The jeweller currently specialises in the purchasing, selling and part exchange of high-quality jewellery, rings, clocks, gifts and unique items. The business also offers a repair service which includes resetting gemstones, soldering, resizing, customisation, cleaning and servicing.
With combined retail and bullion turnover in excess of £1,800,000 and gross margins of 55% this is an excellent opportunity to acquire a chain of 5 retail jewellery stores from an owner wishing to retire. This Turnkey business provides scope for exceptional profits; as well as trading business it is also and excellent investment opportunity for either active or passive ownership.
Key Data:
• Combined Turnover of £1,800,000 (Gross margins of 55%)
• Highly profitable trade and bullion business
• Stock at cost £2,000,000 included in sale price
• Consistent sales performance, superb growth opportunities and established and loyal customer base
• High-performing staff with over 150 years of experience
• Genuine retirement sale with full training and transition period
PLEASE NOTE:
Financing may be available for qualified buyers.
Contact Agent
Listing Statistics
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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