Jewellery & Fashion Accessories Wholesaler

The current owner purchased the business in 1990 and operated as a sole trader until incorporating the business in 2012.

It wholesales predominantly imported good quality fashion jewellery, scarves and children’s hair accessories. Additionally it imports southeast Asian handicrafts such as bamboo windchimes, dreamcatchers and sarongs.

The business operates from a leased premises in Devon. While there is a display area, direct sales are rare, and therefore there is additional storage capacity if required. The business does not depend on its current location and could very easily be relocated.

 There is a high level of repeat business from the likes of  gift shops, garden centres, boutiques, surf shops, tourist attractions , market traders and online sellers. There is a current database of over 2,000 customer contacts. Suppliers are longstanding and reliable stretching back with business relationships of over 20 years.

Sales are nearly exclusively generated through a highly ranking website and there is significant scope for growth through employing additional retail channels such as Etsy, Shopify, Tik Tok etc

In addition to the vendor, who operates within the business on a part-time basis, there are 2 other part-time employees.

The business has delivered revenues of c £130k to £150k and generating earnings of c £15k in the last couple of years, reflecting the work / life balance choices of the current owner. It has traded at higher levels previously and there are significant growth opportunities.

Having run the business for around 35 years, the owners is of retirement age and therefore seeking to transfer the business into new ownership. The guide price for assets and goodwill is £29k plus stock at value. The vendor is keen to ensure a successful transition and will support any reasonable handover request.