Top-rated Ring Resizing Jewellers Business, The Gold Workshop, For Sale in Bournemouth
Bournemouth, Dorset
- Status
FOR SALE
- Date Submitted:
14/08/23
- Advert ID
518083
- Reference
B07467 / Rightbiz
- Call Agent:
- Leasehold: £60,000
- Turnover: £135,000 (£2,596 Per week)
- Net Profit: Not Applicable
Business Details
Highly rated jewellers business for sale
BusinessPlease quote reference B07467
CoGoGo are delighted to welcome to the market The Gold Workshop, a highly rated specialist jewellers for sale in Kinson, Bournemouth.
The Gold Workshop was first established by our client in 2021, when they identified a need in the area. The business has flourished since opening accruing a number of regular customers along with a burgeoning reputation. As seen by the online ratings and reviews, the business is extremely popular.
The business has now come to the open market due to our clients desire to retire.
The Gold Workshop is a specialist jewellery repair business concentrating on the re-sizing of rings. The business services both trade and individual customers, and even offer a same day resizing for those customers who visit the shop. They also offer a 24 hours resize/nationwide delivery service.
Our client currently works with 8 local jewellers, with the demand outstretching the work our client is able to carry out (currently works alone).
Key selling points -
- High demand for the service they provide
- 5 star Google reviews
- Desirable shop location
- Fully equipped unit
- Opportunity to increase sales/profit
- Handover period offered
- Increase staffing team – another jeweller/admin person
- New advertising campaign to increase number of trade customers & 24 hour resizing service
- Social media posting
Location
The Gold Workshop occupies a desirable location on Wimborne Road in Bournemouth.
The business is situated on a busy parade of community driven shops, with parking spaces available outside the premises.
The business benefits from high levels of footfall and passing trade.
Premises
Ground floor -
- Customer service area
- Open plan workshop
- Store room/ Staff area
- Toilet facilities
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 3 year lease. The rent is £4,500 per annum.
Hours
The current trading hours are -
Monday to Friday - 8am - 4:30pm
Saturday - 8am - 2pm
Staff
We are advised that the business is run and managed by our client only.
Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £135,000. Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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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