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Deal Opportunities.co.uk

the UK marketplace for company sales

Group of high-end jewellery stores

Reference
S11887
Turnover
£5m to £10m
Sector(s)
Miscellaneous, Retail & wholesale, Service industries
Region(s)
UK Wide
Added
14 August 2024

Business description

The company sells antique, vintage and modern pre-owned jewellery alongside new pieces featuring diamonds, gemstones and precious metals, also generating significant revenue from B2B gold bullion sales utilising items purchased from the general public and other UK-based retailers.

With a long-standing history, excellent reputation for high-end products and exceptional customer service, the company is now in a prime position from which it can achieve further success, with investment by a new owner enabling it to increase its revenue significantly.

The Shareholders are offering the company for sale as part of their retirement plans.

Highlights

  • Revenue broadly split 50/50 between jewellery and B2B gold bullion sales.
  • Jewellery sales generated by the general public, with a customer database featuring over 69,000 individuals. 
  • Considerable scope for further growth through the acquisition of new shops or the introduction of an own-brand range. 
  • Sales of high-end products expected to drive the retail jewellery market over the next five years, with record gold prices set to continue throughout 2023. 
  • Experienced second-tier management team in place, including an individual who could take on the Shareholder’s responsibilities. 
  • Operates from several independently run jewellery shops spread across the south of England.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2022 (Actual) 4,964 465
2023 (Actual) 7,679 1,822
2024 (Actual) 8,039 797
2025 (Forecast) 10,000 1,654
  • Turnover of £8m in YE24.
  • Adjusted EBITDA of circa £1m achieved in the same year. 
  • Projected turnover of £10m for YE25, with an adjusted EBITDA of £1.6m. 
  • UK retail jewellery market currently valued at £7.8bn. 
  • Property assets currently valued at £750k. These will be included in the sale.

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