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Long Established Jewellers In Whitby For Sale

Whitby, North Yorkshire, UK
Asking Price:
£189,950 Furniture / Fixtures included
Sales Revenue:
£178,721
Cash Flow:
Available on request

Prominent Main Road Position
Accounts Available Year End 31st May 2021
Annual Turnover £178,721
Gross Profit £75,988
Accounts Available After Viewing
Established 1987
Retirement Sale
High Footfall Area
6 Point CCTV
Owner Operator/No Staff
Excellent Reputation
Scope For Marketing Drive
Potential For Online Presence & Sales
Scope To Introduce Social Media
EPC – TBC

REF 7896 – Long Established Leasehold Jewellers

Blacks Brokers are pleased to bring to the market this long established leasehold jewellers located in Whitby, North Yorkshire.

INTRODUCTION

Gouldbuys Limited was established by our client in this bustling and popular area of Whitby in 1987. The business offers a range of pre-loved jewellery and with such an impressive trading history, it has become very well known in this area with a strong base of regular customers in place. In addition, the business also benefits from a good amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook.

LOCATION

Gouldbuys Limited occupies a prominent main road trading position in the centre of Whitby. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples. The area is extremely popular with tourists and day trippers and there are a number of local amenities nearby including supermarkets, schools, parks and restaurants. The area is well linked by the A171 with very strong public transport links and parking is available in the surrounding area.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement plans, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a rolling monthly lease which began in the 90s – this runs at a cost of £161.50 per week.

STAFF

The business operates with our client only in employment.

FINANCIAL DETAILS

Gouldbuys Limited has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st May 2021 show annual turnover of £178,721 and gross profit of £75,988. Full financial information is available upon request.

SUMMARY

This long established business occupies an enviable trading position in a busy and sought after area of Whitby. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours, possibly a collection and drop off service where appropriate. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SAT: 10:30 - 16:30
SUN: CLOSED

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