Business for Sale in Norwich, Norfolk - JEWELLERS - NORWICH CITY CENTRE - Leasehold: £275,000

Key Information

Ref
J33749E
Type
Retail Businesses: Jewellers
Location
England: Norfolk
Tenure
Leasehold
Status
For Sale
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EM&F East Anglia are delighted to bring to the market this fine independent Jewellers based in the heart of the jewellery district in Norwich City Centre.

Only now coming onto the market due to retirement having been established for over 20 years this presents an ideal opportunity for a hands-on operator to take over and continue on the success that is currently enjoyed. Alternatively, this would also make an excellent additional shop in the city for an existing Jewellers.

Such a well operated business with high turnover, high margins and low overheads will no doubt be of appeal to many and so be sure to be quick to enquire about it!

THE BUSINESS ITSELF

The business was founded by the current owner in 1998 and whilst the size of the shop has not increased the level of turnover and stock has steadily continued to grow over the years. Being known for buying and selling new, second-hand and antique jewellery the business has focused on it’s core products rather than diversifying simply to fill space. The stock is of very high quality but covering a price range to suit all resulting in clients knowing that regardless of their budget they will be able find that special piece of jewellery inside.

With year on year growth now seeing turnover well in excess of £300k and with an exceptionally high net profit margin this business has proven to be on solid foundations and financially very rewarding.

Whilst one could rightly say that there is no need to further grow the business, given the figures that are achieved as is currently operated, it is noted that there is potential to increase the hours of trading to take into account late night shopping and by opening on a Sunday.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
Located in a prime position in the jewellery district of the city, the shop provides an ideal space for a business of this type. The size is sufficient to display in it’s full glory the beautiful pieces available to purchase but without being too big that space needs packing out with less profitable larger items. The further benefit of this is that the rent is set at a sensible amount and no business rates are currently payable.

The main show room measures approximately 18 sqm and houses 3 glass display cabinets behind the 2 display shelves in the front shop windows. Nicely presented with a neutral but welcoming finish to the walls and woodwork set off by the central chandelier and inset spotlights.

Protected by an abundance of security including re-enforced glass, fully alarmed Redcare/Chubb system, with 3no. push button emergency alarms and handheld entry/exit locks and alarm. In addition, the insurance approved Chatwood Milner safe is fitted with a vibration device.

To the rear of the property up four steps is an area which accommodates a desk as well as some kitchen units to wall and floor with a worktop. Finally, through a door to the rear is a W.C, a sink and store area which houses the polishing bench/machine.

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