Highly-respected Independent Jewellers in Norfolk

King's Lynn, Norfolk
REF: R07267

Asking Price:
£525,000
Annual Turnover:
£324,667
Annual Net Profit:
TBC
REF: R07267
Photo of Highly-respected Independent Jewellers in Norfolk

Overview

Tenure:
Freehold
Established:
1970
  • Huge growth potential
  • Excellent Reputation

This is a unique opportunity to purchase an independent jewellers which is situated in Norfolk.

Established in 1950, the jewellers has since been stocking high quality pieces, keeping up to date with the latest trends and market demand. Whether it be for a gift for a special occasion, investment or everyday wear, the business’s team of highly trained goldsmiths, gemmologists and customer service associates are able to easily advise customers on selection and care of their pieces.

Under current ownership since 2011, the business has experienced a high level of growth and a brilliant reputation within the local area.

Now only up for sale due to the current owner wishing to pursue other business interests, a new owner would take on a freehold premises and the business’s strong standing within the local area in order to continue trading profitably.

Offering a range of jewellery, giftware, wedding rings, watches and other items, the business is recognised for stocking high quality, on trend items as well as its personable, helpful service tailored to suit each client’s requirements. The business is also able to commission bespoke designs for any item of jewellery, ranging from individual pieces to giftware. Customers’ inherited items can also be remodelled with the goldsmith’s assistance to accommodate personal tastes and requirements. Items not currently in stock can also be sourced from bespoke designers and suppliers.
Operations run from a sleek, contemporary shop, well-lit to showcase jewellery in its best light. The main shop floor has several cabinets which hold a variety of jewellery and gifts. The first floor hosts a champagne bar and private area for customers who prefer a more discrete/private service away from walk-in clientele, as well as its offices and stock rooms.

As a long-established jewellers with an excellent positioning in the local area which is highly accessible to customers near and far, the business has been able to experience high levels of trade which has generated an impressive annual turnover year on year.

Ideal for someone well-versed in the high-end jewellery industry or a current owner-operator looking to expand into this field, a new owner is presented with options for further growth.

Perhaps widening its offering to include even more lines would be a way to make the business even more lucrative and exploit the current customer base. Direct email marketing to current clients alerting them of new stock, or increasing its presence on social media, would also broaden its advertising efforts and potentially bring in a new wave of customers.

The current owner is willing to negotiate a transitional period upon sale

Features

Online Presence

Location

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  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Good Transport Links

Property

Rates
TBC
Accommodation Included
No
Freehold Property Value
£450,000
EPC Rating
C 51-75

Financial & More

Annual Turnover
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Annual Net Profit
XXXX
Stock at Valuation
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Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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