Independent, Family Run Jewellers in Somerset

Wellington, Wellington
REF: R08121

Asking Price:
£74,999
Annual Turnover:
£200,000
Annual Net Profit:
£28,000
REF: R08121

Overview

Tenure:
Leasehold
Established:
1921
  • Excellent reputation
  • Loyal customer base
  • Low overhead costs
  • Wide variety of products and services
  • Strong supplier relationships

This is a unique opportunity to acquire an independent, family-run jewellers, which is based in Wellington, Somerset.

The first Jameison jewellers store opened in 1921, with the current owners taking over the business in 2007. Over the years, the business has grown steadily and has now gained an excellent reputation and a loyal customer base in the sector.

This long-running business offers their customers a wide selection of different jewellery and personalised gifts, including rings, earrings, bracelets, necklaces, pendants, watches, and gift cards. They also provide onsite jewellery repairs, which customers travel to from miles around.

The company has strong relationships in place with the suppliers of their quality jewellery and gifts, which could normally be hard to attain for a new business.

With low overhead costs, this fantastic business would be perfect for a jeweller, looking to take advantage of this company’s fantastic reputation and loyal customer base. The current owners are only selling, as they are now looking to retire.

The outside of the premises features a display window with an antique doorway. Inside the shop, there are display cabinets around the entire floor, with a counter on the side. There is a small office area at the back, which then leads to another door with a large workshop and storage facilities. There is a backdoor that takes you to a courtyard and large storage shed. Finally, there is a security door that comes to a large kitchen, toilet, and further storage space.

The shop is fully fitted with CCTV and alarms, which are maintained every year.

The annual lease for the premises is £8,400 and there are no business rates.

2 workbenches and 3 safes will be included in the sale. The website, Facebook page, and Instagram account will also transfer over.

This would be the ideal opportunity for a jeweller, who is looking to take advantage of this company’s fantastic reputation and loyal client base.

There is huge potential for growth, as there is a massive opportunity to update the website and social media channels, in order to attract a new generation of clientele. This business also only currently opens for 5 days a week, increasing this to 6 or 7 days a week could be a great way to attract more trade.

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  • Nearby car parking
  • Good transport links
  • City centre location
  • High footfall
  • High-street location
Rent
£8,400
Rates
£0
Lease Term
0
Lease Expiry
0
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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

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