Traditional Jewellers in Lincolnshire

Grantham, Lincolnshire
REF: 02413

Asking Price:
£95,000
Annual Turnover:
£322,213
Annual Net Profit:
£77,936
Reduced
Recently Sold
REF: 02413
Photo of Traditional Jewellers in Lincolnshire

Overview

Tenure:
Leasehold
Established:
2001
  • Wide product range
  • Brilliant reputation
  • Recently renovated premises
  • Great location with heavy footfall
  • Huge growth potential

This is an excellent opportunity to purchase a fantastic jewellery business which has garnered a stellar reputation for providing a wide range of high quality produce since it began trading over 15 years ago.

Having acquired a loyal customer base, this business has experienced great success as a traditional jeweller and also offers a repair service to its customers.

The business offers a highly profitable opportunity to a new buyer and is available to purchase on a leasehold arrangement.

As a renowned jeweller in the area, this business offers a wide range of products which include: rings, watches, bracelets, pendants, earrings and necklaces. The business also operates a repair service and can guarantee top quality fixes on a majority of customer jewellery.

The business comprises of a large showroom/shop floor which showcases the business’ produce. Stock is displayed in a number of cabinets and glass holding units and there is a desk situated at the rear of the shop floor which is used by staff to hold customer consultations. There is also a sizeable counter used to manage all customer transactions and enquiries. A staff room is located behind the shop floor and the business maintains a very clean and tidy environment.

Furthermore, the business’ large exterior glass frontage and signage helps to draw in more customers and the business has, on a number of occasions, won the towns Small Business Award, which has further helped to establish it in the local area and amongst its inhabitants.

Intelligent Business Transfer are delighted to bring to the market a well-known, high-quality jeweller, favoured by locals for its wide range of class jewellery and its excellent customer service.

Established in 2001, the current owners have worked hard to grow the business and by maintaining low overheads, have experienced consistent yearly growth and generated an annual turnover in excess of £300,000.

Such a company has massive potential which can be utilised by a new buyer. For instance, growing the product range would effectively appeal to more customers and extending opening hours and operating on Sundays would draw in more patrons. As well as this, hiring more qualified staff to oversee the repair side of the business would allow the business to handle a larger workload and provide a better customer service.

The current business has grown without an online or social media presence. Establishing an e-commerce website and managing social media accounts to increase exposure to the business would effectively draw in more customers and allow the business to appeal to a wider audience. As well as this, holding regular sales and promotions would also be a strategic way of bringing in more customers and successfully increasing the yearly takings.

The current owners are seeking retirement and have approached Intelligent Business Transfer to find a suitable buyer who will uphold the current business values and look at new ways of developing the business further.

Features

Online Presence

Website: mdjewellers-lincolnshire.co.uk/

Location

Property

Annual Rent
£8,000
Annual Rates
TBC
Lease Term (Years)
6
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
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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