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CONFIDENTIAL SALE
FOR SALE
616102
154239 / Rightbiz
The company sells antique, vintage and modern pre-owned jewellery alongside new pieces featuring diamonds, gemstones and precious metals, also generating significant revenue from B2B gold bullion sales utilising items purchased from the general public and other UK-based retailers.
With a long-standing history, excellent reputation for high-end products and exceptional customer service, the company is now in a prime position from which it can achieve further success, with investment by a new owner enabling it to increase its revenue significantly.
The Shareholders are offering the company for sale as part of their retirement plans.
Key Highlights
- Revenue broadly split 50/50 between jewellery and B2B gold bullion sales.
- Jewellery sales generated by the general public, with a customer database featuring over 69,000 individuals.
- Considerable scope for further growth through the acquisition of new shops or the introduction of an own-brand range.
- Sales of high-end products expected to drive the retail jewellery market over the next five years, with record gold prices set to continue throughout 2023.
- Experienced second-tier management team in place, including an individual who could take on the Shareholder’s responsibilities.
- Operates from several independently run jewellery shops spread across the south of England.
Financial Highlights
- Turnover of £8m in YE24.
- Adjusted EBITDA of circa £1m achieved in the same year.
- Projected turnover of £10m for YE25, with an adjusted EBITDA of £1.6m.
- UK retail jewellery market currently valued at £7.8bn.
- Property assets currently valued at £750k. These will be included in the sale.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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