Prestigious Independent Jewellers – Nottingham

Overview This is an exceptional opportunity to acquire one of Nottingham's most respected independent jewellers. Renowned throughout the city, the business has built an enviable reputation for supplying high-quality new and pre-owned jewellery, alongside a comprehensive range of specialist services including bespoke jewellery design, jewellery repairs, engraving and professional goldsmith services. The showroom has been finished to an exceptional standard, combining timeless elegance with a warm and welcoming atmosphere. Premium display cabinets, high-quality fixtures and fittings, together with excellent security features, reflect the quality and prestige of the business. Supported by a loyal and experienced team, the business enjoys a substantial repeat customer base and continues to generate impressive sales and strong profitability. This opportunity would ideally suit an established jewellery retailer looking to expand through acquisition, or an experienced jeweller seeking to acquire a highly profitable, well-established retail business with an outstanding local reputation. Business History The history of the business stretches back over six decades: 1963 – Grenville Price began his jewellery apprenticeship. 1966 – Michael Levin opened the jewellery shop on Pelham Street. 1968 – Grenville established his own business with a business partner. 1976 – Following Michael Levin's retirement, Grenville Price and his business partner acquired the business. Today – Over 50 years later, the business continues to thrive under the ownership of Grenville Price, proudly serving generations of customers throughout Nottingham. Staffing The business is fully staffed with an experienced team of five employees and is owner-managed, providing a smooth transition for a new owner. Financial Information Annual turnover in excess of £1 million. Gross profit margin of approximately 45%. Strong and consistent net profitability. Revenue generated through a balanced mix of card, bank transfer and cash sales. Annual rent of £16,500. Five years remaining on the existing lease, which is assignable (subject to landlord approval, with the landlord aware of the proposed sale). Premises Occupying a prominent high street position, the premises are presented to an exceptional standard. The showroom retains its traditional elegance while benefiting from premium security features including security doors and double-strength plate glass. The business is fully equipped with high-quality display cabinets, bespoke shop fittings and workshop facilities, ensuring that no immediate capital expenditure is required by a purchaser. Summary A rare opportunity to acquire a landmark Nottingham jeweller with an exceptional reputation, strong financial performance and over 50 years of successful trading under the same ownership. Combining a prestigious retail showroom, specialist in-house workshop, loyal customer base and excellent profitability, this business offers an outstanding acquisition for both established jewellery retailers and ambitious owner-operators. The business is offered for sale at £325,000, plus Stock at Valuation (Stock at valuation) by negotiation, on a cash-free, debt-free basis.