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Gift Shop and Bespoke Jeweller

Ref. IN003

Location : North Shropshire/Relocatable

Asking Price : £130,000

Turnover : £454,000

Net Profit : £40,000

Gross Profit : Undeclared

EBITDA : Undeclared

Net Asset : Undeclared

Premises : Leasehold

Confidentially offered for sale


  • Turner Butler

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Asking Price: £130,000 Plus SAV

Leasehold

Freehold Available by Separate Negotiation

Asking Price Includes:

Sales circa £454,000
Net Profit c£40,000
Orders in Progress
Workshop Equipment, Tools & Machinery
Complete “Turnkey” Operation
Excellent Profit Margins with Excellent Growth Potential
Training & Handover
Sterling Reputation

Finance available to buy this business

Business Profile

Established in 1996 the original business specialised in the design, manufacture and sale of fine bespoke wedding and engagement rings. 

After 10 years refining and developing the original profile, the director decided to give the business a greater retail focus.  To improve profitability and simplify the logistics of the business, the manufacturing and workshop facilities were reduced and most work sub-contracted to a small but respected group of highly skilled jewellers.  Today all manufacturing is outsourced to a stable base of major producers and individual workshops.

In addition, in 2010 the current owners decided to diversify the business and established a small, but highly profitable, gift shop.  With a carefully selected range of jewellery, glassware, leather goods and novelties, the shop (renovated to a high standard and available for rental or sale) is located in a busy market town in North Shropshire and has been a successful and profitable addition to the original business.

Workshop Equipment:

The business now has a limited range of equipment to handle “emergency” services – resizing, polishing and refinishing.

Shop/Office Equipment:

A comprehensive inventory of office furniture and modern jewellery display cabinets / shop furniture is included in the asking price.

Business Details:

The retail gift shop operates normal business hours 6 days a week.  This is a contemporary retail environment with an emphasis on quality products and exceptional customer service.  The shop stocks a wide variety of “branded” goods including sterling silver jewellery, glassware, leather products, toiletries, candles, cards and a tasteful range of children’s gifts.  Such stock as is required can be purchased at agreed value  in addition to the asking price.

The bespoke wedding and engagement ring business operates on an appointment basis from the office and showroom above the gift shop. A great emphasis is placed on advising and educating the customer – facilitating informed purchasing decisions and adding greater value to each sale.  An extensive range of stock samples is available by separate negotiation.    

Key Strengths:

The business has no borrowings.

The business operates from a very well positioned and recently renovated shop in a busy market town.  The shop premises is available for rental or sale as required.

Low overheads with 2 sources of  revenue.

Minimal staffing requirements.

Sterling reputation and excellent growth potential.

Financial Information:

All financial information will be made available under the auspices of Turner Butler and subject to letters of confidentiality.  The business has a stable turnover of approx. £454,000 with NET profits circa. £40,000.

This is a sale of the assets and goodwill of the vendor company.

Advertising & Marketing:

The bespoke jewellery business has a well optimised website that generates significant enquiries.  The business is promoted via terrestrial bridal media within a well-defined geographical region.  Bridal fayres within Shropshire are regularly attended, but most business is generated through client referrals and personal recommendation.  A range of high quality, descriptive and well-designed brochures are used in the terrestrial and e-marketing of the business.

Growth & Expansion:

Both the gift shop and bespoke wedding / engagement ring business offer different opportunities for growth.

The gift shop is now a proven and very profitable profile and this formula could be duplicated in other towns or cities. Currently occupying a retail space measuring approx. 350 sq. ft. the business would benefit from larger premises.  The existing facility is perfectly located and well suited to a gift shop, but larger premises would allow the business to expand its offering.

Various opportunities for growth exist within the bespoke jewellery business.  Indeed, it should be noted that the current owner has managed the business alone and has not sought to expand the business beyond his own control.  Frequently identified as the perfect franchise opportunity, a number of satellite branches could be established to expand the footprint of the existing business.  Additional advertising, further on-line marketing and attendance of more bridal fayres and wedding exhibitions could all contribute to significant growth in this business.

Premises:

A traditional two storey property, with large display window, located in an excellent position in a busy North Shropshire market town.  The property was sympathetically renovated in 2010 and now provides a light and contemporary environment, perfectly suited to both sides of the business. 

The gift shop occupies the two sales areas on the ground floor  (approx. 350 sq. ft. of retail space).  A storeroom at the rear of the property contains a substantial and insurance approved safe.  The bespoke jewellery business occupies the first floor – approx. 250 sq. ft. showroom area and private office, kitchenette and toilet facility.

A new fully repairing lease of the premises will be granted at a starting rent of £8,000 per annum plus rates.

The freehold is owned by the vendor and is available by separate negotiation off an asking price of £250,000.

Business Hours:

The gift shop operates normal retail hours (9.30am – 5.30pm) 6 days (Mon – Sat).

The bespoke jewellery business operates an appointment based system, providing flexibility to both owner and client.

Support & Training:

A full and seamless handover will be facilitated by the existing owner for a period to be agreed as part of the overall negotiating process.

Reason for Sale:

The present director has decided to sell the business for health reasons.

Looking for finance ? 

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk