A Jewellery designer and retailer based in the South West. Our client, designs all the jewellery herself, outsourcing the majority of the manufacturing, though some of the silver jewellery is still made on site. The business offers a variety of custom jewellery and also creates bespoke commissions and offers jewellery repairs for c10k clients.
Having been established since 1972, the business has gained an excellent reputation within the area having grown largely through
word-of-mouth and referrals. Currently only operating over five days, there is huge scope to take advantage of the prime tourist location of the shop and open seven days a week.
The business consists of a large retail shop, with two windows overlooking the street and a door and window to the courtyard at the rear. The shop is fitted with handmade cherrywood cabinets, a glassed well feature, two large cherrywood handmade desks and nine chairs. On the same floor is a safe room with two large safes as well as a wrapping and paperwork area. To the rear of the building is a design room for private consultations with a window overlooking the private courtyard with a view of the church. This room also has a large handmade desk and five chairs as well as a feature working gas fireplace. These three rooms comprise 1140 sq.ft.
To the rear, there is a workshop with three jewellery benches and a large safe. This room is separately alarmed with cctv and shutters. There are two double glass doors for natural light looking over the private courtyard. There are also two staff toilets and a small kitchen. This space comprises 202 sq.ft.
The upstairs space is 848 sq. ft and consists of three offices which are also used as storage spaces and a fully fitted bathroom equipped with a shower. Previously, our clients lived in the property, and this could easily be reinstated as a residential property by an incoming owner.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2023 (Actual) | 713,000 | 250,000 |
| 2024 (Actual) | 675,000 | 225,000 |
| 2025 (Forecast) | 771,000 | 260,000 |
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