Jewellery and Pawnbroking Business with 2 rented shops Nr Peterborough for Sale

This is a sale alert for two stand-alone businesses located near Peterborough, Cambridgeshire, namely in March and Whittlesea. While distinct, these two entities are part of a single sale transaction.

The March storefront, boasting a successful trading history of over 25 years in one location, is managed by four part-time employees. In contrast, the Whittlesea shop has a ten-year trading history, having relocated there 18 months ago, and is operated by two apprentices. Despite the owner only visiting a few times a week, the staff excellently handle all day-to-day operations, ensuring a smooth business run.

We specialise in retailing new and second-hand jewellery and collectables. Additional revenue sources come from pawnbroking loans, jewellery repairs, valuations, and purchasing items for resale in external venues such as auctions. Both shops have maintained robust profitability, thereby having no records of a County Court Judgment or any adverse financial situation against either. Because of this, the decision to sell the business is merely based on the owner's retirement plans and not due to any financial struggles.

In the last fiscal year, a turnover of £375,000 was realised with a profit margin of £175,000. A breakdown of the profit per revenue stream shows that £91,500 came from jewellery and collectable sales, £40,000 from pawnbroking, £25,000 from external auctions, £13,500 from jewellery and watch repairs, and £5,000 from valuations. The business has witnessed a steady growth pattern indicating a high potential for future expansion.

The shops have successfully been run for 25 years by the same owner who will be retiring soon. The opportune locations on busy high streets make them easily accessible and close to other amenities, very attractive to customers. The sale includes fixtures and fittings, notably full security systems, safes, and display cabinets. Despite the lack of an online presence, the owner is open to offering training for the new owners, free of charge, to ensure a smooth transition and continued success.

The asking price for this thriving jewellery and pawnbroking business, with two rented shop locations near Peterborough, is £450,000. The latest turnover stands at £300,000 with a profit margin of £141,000. All stock is included in the price with all accounts available for review. This established business is primed for new ownership, preferably someone who can harness its potential and drive it to greater heights. The owner is open to discussions and can potentially finance the sale. Any interested parties would be buying into an attractive, small, town-center business situated near several local amenities.