Independent jewellery business for sale in North Yorkshire due to retirement
Redcar, North Yorkshire
- Status
FOR SALE
- Advert ID
652770
- Reference
B09664 / Rightbiz
- Call Agent:
- Leasehold: £229,995
- Turnover: £615,151 (£11,830 per week)
- Profit: £56,945 (10% Profit margin)
Business Details
Award Winning Independent Jewellery Business – Retirement Sale
BusinessPlease quote reference B09664
CoGoGo presents an exciting opportunity to acquire one of North Yorkshire's most respected independent jewellery businesses.
Hallmark The Jewellers has been established for approximately 45 years and has been under the same ownership for the last 25 years. Positioned prominently on Redcar High Street, this highly regarded business has built an exceptional reputation for quality, expertise and customer service.
Recently recognised as the Best Independent Jewellers in North Yorkshire, the business is widely known as "Redcar's Hidden Gem" and enjoys a loyal customer base alongside a growing online presence.
The business is offered for sale due to the owner's retirement, presenting a rare opportunity for an ambitious operator, jeweller or investor to acquire an established and profitable business with significant goodwill and a strong reputation.
Hallmark The Jewellers is a long-established independent jeweller specialising in fine jewellery, luxury pre-owned pieces, watches, repairs, valuations and bespoke services. The business has earned an enviable reputation for expertise, trust and exceptional customer care, with customers travelling from across the region to utilise its services.
The business benefits from an established website, active social media presence and strong brand recognition throughout the local area. It is also recognised for its extensive range of new and pre-owned jewellery, watches and specialist services.
Growth Potential:
- Expand the already established e-commerce operation
- Increase digital marketing and social media activity
- Extend jewellery repair and valuation services
- Develop bespoke design and luxury pre-owned jewellery sales
- Introduce additional watch and jewellery brands
- Capitalise on the business's award-winning reputation and loyal customer base
Location
Occupying a prominent position at 50 High Street East, Redcar, the business benefits from excellent visibility within the town centre and enjoys consistent footfall from residents, visitors and repeat customers.
Premises
The business operates from attractive leasehold premises situated in a busy town centre trading location. The premises provide a professional retail environment ideally suited to jewellery sales, repairs and customer consultations.
Tenure
Leasehold.
We understand the current lease operates on a rolling basis.
Rent: Approximately £15,000 per annum.
Hours
Current operating hours are:
Monday & Tuesday 9:30 am to 5:00 pm
Wednesday - Closed
Thursday to Sunday - 9:30 am to 5:00 pm
Staff
The business is owner-operated with no employed staff, offering an excellent opportunity for hands-on operators or those wishing to introduce a team and expand operations.
Financial Profile
We are advised that the business generates an annual turnover of approximately £615,151.
We are advised that the stock at valuation is approximately £365,000.
Contact Agent
Listing Statistics
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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.
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Contact seller
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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