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Business For Sale
DESIGNER JEWELERY CITY CENTRE BOUTIQUE
Attn:
Andrew Hudson
'Midlands', United Kingdom, GB
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Listing Number: "AB088"
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Listing
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Asking Price: |
$198,000
GBP United Kingdom Pounds
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Business for Sale Industry: |
Manufacturing: Clothing, Jewelry
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Reason for Selling:
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Spend more time with her very young children. |
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Year Established:
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2003 |
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Yearly Revenues:
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$275,000 |
Business for Sale Overview:
This boutique style fashion designer jewelery business was founded by the vendor in 2003 and has become a significant Midlands City centre enterprise with a reputation for the quality and variety of its designer products, customer service and reliability. The business aims to satisfy every one of its customers needs by displaying a wide range of stock with a starting price point of below £50. Its stylish boutique and responsive environment connects with its customers and offers one on one individual service and advice. The business stocks an exclusive blend sourced from local designers, London studios, European designers and far eastern pearl specialists. The business enjoys a unique close relationship with its designers which enable them to produce a fast and effective service on special orders and personal designs. Additionally the business benefits from being selected as the key jewelery destination for a leading UK style adviser who refers clients to the boutique to ensure that they have the perfect jewelery pieces and accessories to compliment their new wardrobe each season
Property Features and Assets:
The business is located in an easily accessible main road City centre modern retail unit. The premises consist of circa 1,120 square feet and include a showroom, storage, workshop and administration. The premises offer room for expansion and development on the below ground floor currently underutilized, subject to approval. The premises are self contained, with alarm system, security grill and C.C.T.V. The premises are Leasehold and the annual rent is circa £18,000 per annum.
Market Competition and Expansion:
The business has used limited advertising in the past. There are however excellent opportunities to increase this and to implement online purchasing via the business’s comprehensive website. Historically a high proportion of the business's revenue has been due to its excellent reputation for quality and service, its location and strong word of mouth recommendation.
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