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Business for Sale Overview:

This truly independent business, set up by the vendor some 35 years ago retails a fine range of jewelry and watches as well as providing high class repairs to its customers. In that time the business has built up a superb reputation in the market it serves which is generally the mid to upper range. Average sales are in the region of £150. However the business does have an excellent reputation for the quality of diamonds it sources and has sold individual rings for values well in excess of £10,000. The business is ideally positioned in the main pedestriaised shopping center of the town and enjoys impressive levels of footfall such is its standing in the area. The jewelry range is made up from a variety of designs with different choices of metals and stones. These options help to ensure, that this excellent jewelry shop can guarantee to find a piece of jewelry to fit any occasion and to suit all tastes and budgets. The business is also renowned as a leading watch retailer in Blackpool. The business has agencies with ten good quality watch brands and provides a variety of styles, both modern and traditional. Because of this its customer base ranges from 18 to 80 years of age.

Property Features and Assets:

The business operates from the perfect retail location in the town. The street is pedestrianised and enjoys very high levels of footfall. Having been their some 35 years the business has a real presence in the region and beyond. The premises are leasehold. The current 10 year lease expires in 2014. The premises comprise double fronted windows circa 30 feet with central doorway. Ground floor retail and display area with small office area. There is also a toilet and secure basement used for storage. There is no rear entry point. Ground floor space circa 575 square feet. Current rent is £43,000 per annum. Rates are £17,000 per annum.

Market Competition and Expansion:

This business has utilized local advertising in the hotels and local directories over the years and occasionally used local papers. In addition the business has built up a superb reputation by word of mouth recommendation and enjoys a high level of repeat business, which is maintained by a strong client rapport, valuing the customers and striving for the best in client service and client retention. The business would certainly benefit from Internet marketing. It currently has a website under construction and this could certainly fuel turnover in the future.