City Business Brokers are pleased to bring to the market this well- established business has been owned by our client for some thirty-seven years and sits in the heart of this popular town within the Metropolitan Borough of Dudley.
The premises occupy a prominent position on the High Street and is close to all major retailers and banks.
The leasehold property is a one storey building comprising a retail showroom and office.
The Business specialises in traditional jewellery services, valuation and repairs with the added service of gold buying and has the security of a large safe for valuables.
The business is already operating successfully; it does, however, still offer excellent potential to increase both sales and profits in the future by:
The introduction of High-Quality Watches is also highly recommended by the owner!
Trading hours: Tuesday to Friday 9.30am-4.30pm. Saturday 9.30am-4pm
The business is couple-run and managed.
Financials: Turnover for financial year was £117,000 with a good gross and excellent net profit.
Lease: A new lease will be granted of either 5 or 10 years with a handover period if required.
Rent: The rent payable amounts to £1600 per month.
*Stock is extra with a value currently of circa £50,000*
We would highly recommend viewing this profitable concern which is genuinely offered for sale as our client looks towards retirement.
Financial (Accounts) will only be discussed at an appropriate meeting.
Note: A freehold investment is also a possibility under the right circumstances.
A full profile is available once a non-disclosure agreement has been signed.
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.
Viewing Arrangements: All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business.
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