Profitable Jewellery Store with In-House Goldsmith Services for Sale in Southend-on-Sea Essex
Southend on Sea, Essex
- Status
FOR SALE
- Advert ID
618434
- Reference
B08267 / Rightbiz
- Call Agent:
- Leasehold: £69,995
- Turnover: £77,000 (£1,481 Per week)
- Net Profit: Not Applicable
Business Details
Thriving Jewellery Store For Sale
BusinessPlease quote reference B08267
CoGoGo present to the market Southchurch Jewellers, a well-established and highly regarded jewellery shop located in the bustling heart of Southend-on-Sea, which presents an exciting opportunity for an aspiring entrepreneur or an experienced jeweller looking to take over a profitable, turn-key business.
This business was established over 35 years ago and has built up an enviable reputation and a strong local presence, this business specialises in second-hand jewellery, one-of-a-kind pieces, and in-house repairs, attracting a loyal customer base and a steady stream of new clients.
Situated in high-traffic area, Southchurch Jewellers benefits from exceptional footfall and visibility. The shop is ideally positioned in one of Southend-on-Sea's vibrant shopping streets, attracting both local residents and tourists year-round.
The business stands out for its unique collection of second-hand and antique jewellery, catering to customers looking for a rare and timeless pieces. Southchurch Jewellers is renowned for its one-of-a-kind offerings, from vintage engagement rings to bespoke gold and silver items, creating a niche that larger stores cannot replicate.
In addition to its curated stock of pre-loved jewellery, the shop boasts an on-premises goldsmith, enabling quick, high-quality jewellery repairs and customisations while customers wait. This convenient service is a major draw for time-pressed customers, providing a level of personal service that has built a strong customer loyalty over the years.
Southchurch Jewellers is a well-known name in the community, supported by years of positive word-of-mouth referrals and an excellent online presence. With numerous 5-star reviews on Google and social media platforms, the business has garnered a loyal following both locally and from surrounding areas. This outstanding reputation ensures that many customers return time and again, trusting the shop for both buying jewellery and maintaining their cherished pieces.
Opportunities for Growth
While already a thriving business, Southchurch Jewellers offers significant potential for growth and expansion. Some strategies to further enhance profitability and increase market share include:
- Enhanced Digital Marketing and E-Commerce: Although the business enjoys a strong local following, expanding its reach through a dedicated online store would open up opportunities to tap into a wider customer base. Selling unique second-hand and bespoke pieces online, as well as offering online booking for repairs services, could attract customers from across the UK and beyond.
- Social Media Engagement and Advertising: Targeted advertising on platforms like Instagram and Facebook, showcasing the shop's unique jewellery prices, could bring in a younger, style-conscious demographic. Increased activity on these platforms, including influencer collaborations and jewellery showcases, could boost both online and in-store sales.
- Expanded Jewellery Range: There is also potential to increase the variety of jewellery on offer, including stocking more contemporary or designer pieces. Partnering with local artisans to introduce exclusive collaborations would further distinguish Southchurch Jewellers from competitors.
- Extended Services: Offering additional services such as jewellery cleaning or valuation days with a certified gemmologist could bring more foot traffic expand the shop's reputation as a full-service jeweller.
- Hosting Events and Workshops: Holding in-store events like jewellery-making workshops, or meet-the-goldsmith sessions, would create a buzz around the business, while also fostering deeper customer relationships and attracting new clientele.
Southchurch Jewellers is more than just a jewellery shop; it is a trusted community staple and a thriving business with plenty of room for expansion. Its superb location, dedicated customer base, and multiple avenues for growth make it a fantastic investment for anyone looking to step into a well-run operation with opportunities to put their personal stamp on it.
Location
With a prominent frontage, the business enjoys strong passing trade, as well as a solid base of word-of-mouth referrals from satisfied customers.
Premises
Southchurch Jewellers occupies a single-fronted premises with eye-catching signage, nestled amidst a variety of other bustling shops in the area.
Tenure
This opportunity is being sold on a Leasehold basis (a new lease can be agreed with the Landlord).
The current rent is £480 per month.
Hours
The current operating hours are:
Monday - Closed
Tuesday - 10:00am to 4:00pm
Wednesday - Closed
Thursday to Saturday - 100:00am to 4:00pm
Sunday - Closed
Staff
This business is run and managed by our client.
Financial Profile
This business generated a turnover of £77,000. Full financials can be made available upon further 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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