Long Running Jewellers for Sale Brighton Retirement Opportunity

The jewellers occupy a prominent trading position on Baker Street, Brighton, just seconds from London Road and directly adjacent to the IQ student halls serving Brighton University. London Road is a busy arterial route enjoying consistently high footfall and is conveniently located close to Brighton’s historic Open Market, substantial nearby student accommodation housing approximately 351 students, together with a strong mix of national and independent retail and catering operators. The business has been under the current ownership of the vendors for the past 20 years, although the premises have traded continuously as a jewellers for over 40 years, demonstrating a long-standing and well-established presence within the local area. The business now only comes to the market due to the vendors’ genuine wish to retire. The jewellers currently specialise in the sale of gold and silver jewellery, while also providing watch repair services, offering excellent scope for a new owner to continue the successful operation and further develop the business if desired.

THE PREMISES:  This well-positioned jeweller’s occupies a prominent trading location on Baker Street in Brighton, ideally situated between the bustling London Road and Ditchling Road. The area benefits from consistently high footfall, further supported by a substantial nearby student population and a strong density of multi-occupancy residential properties, ensuring a steady flow of potential customers throughout the year. Upon entering the premises, there is a serve-over counter with a conveniently positioned workshop area adjacent, ideal for carrying out repairs and specialist services. The shop is well presented with glass display cabinets throughout, complemented by a large front window display offering excellent visibility to passing trade. For added security, the premises are equipped with alarms, CCTV, and a metal shutter. To the rear of the shop there is also a staff toilet. This represents an excellent opportunity to acquire a jewellery business in a busy and sought-after trading location.

TURNOVER: This business is currently run by the vendor and has a weekly average turnover of between £1,000-£1500 per week. The business is currently trading Monday – Friday 9:30am-4pm and 9am-2:30pm on Saturday. 

GENERAL REMARKS: Occupying an excellent trading position just off London Road, this long-established business benefits from strong footfall throughout the year. Having built an excellent reputation within the local community, the premises present a superb opportunity for an owner-operator. Offered with the benefit of a new secure lease, this is an ideal chance to acquire a well-regarded business in a sought-after location.

TENURE: A new full repairing and insuring lease will be granted for a term of 12 years at commencing rental value of £12,500 per annum. With upward only rent reviews taking place every 4 years. 

RATES: We have been verbally informed that the current rates payable are zero. The rateable value is £8,100 per annum. Prospective occupiers should make their own enquiries to verify same.

PRICE: We are instructed to quote for the leases, goodwill, equipment, trade fixtures and fittings £27,500 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090.  

ENERGY PERFORMANCE CERTIFICATE:  The premises has been rated a band C, full report available upon request. 

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE & FINANCIAL PLANNING: We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status.  

Prop. Ref:   6946M

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract 

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will: 

i) View businesses registered with Watkins Commercial by appointment only.

ii) Not contact any owner, staff, suppliers, competitors or customers of any business 

registered with Watkins Commercial

iii) Not pass on any information supplied by Watkins Commercial to any third party other than professional advisor et. Bank, solicitor, surveyor accountant, etc. 

iv) Submit any offers direct to Watkins Commercial with whom I will conduct all negotiations

v) Be liable for any commission which would have been due to Watkins Commercial should I be party to negotiations or actions which seek to preclude, or are contrary to the interest of Watkins Commercial