Unique High Quality Jewellery Shop Design Manufacture Retail For Sale

Business description

Based in a prominent city location, which maintains the most traditional and vibrant of Irish culture, this profitable very well established jewellery store specialises in the retail of creative jewellery in gold, silver, diamonds and crystal, plus special gift ideas including unique customised engraved jewellery to commemorate loved ones, weddings, birthdays, anniversaries, valentines etc to suit the most discerning of customers.

Established 40 years ago, the exclusive bespoke handmade jewellery is manufactured in house to the highest of standards by a team of goldsmiths who are among the most skilled in the world. All jewellery has an original trademark and carries the Irish Government Hallmark. All handmade Diamond Rings come with an Individual Valuation Certificate..

Exclusive designs are manufactured for customers giving them the benefit of unbeatable value and unrivalled service. Customers can choose from a unique range of jewellery only available through this store, which is designed and manufactured on the premises in the fully equipped studio design workshop. The jewellery collection includes an exclusive and popular Celtic and Crystal range all designed to customer specification.

Customer Service:

Customer care and customer satisfaction is a number one priority, the business ensures customers receive a comprehensive and courteous service .

Key Strengths:

Well located in a major city shopping complex with high footfall, the business specialises in the sale of quality jewellery in traditional and Celtic theme. Well renowned the business has established an enviable reputation for its quality of product.

This jewellery store offers exclusive pieces in a wide product range that are not available elsewhere. The range is constantly being added to in order to keep ahead of market trends with items that enhance the existing collections and can be expanded upon in the future.

The business has the benefit of tradition and experience, well trained and motivated staff
plus a very good reputation, which has resulted in a well established profitable business with great potential to expand in the future.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The turnover for 2008 was circa £1.68 Million with gross profit circa €582,000.

The vendor feels that with a new enthusiast hand on approach plus additional advertising the turnover could be substantially increased to circa £3 Million with high gross and net profit.

Property information

Real Estate:

Lease

Lease terms:

The annual rent is circa €165,000.

Location:

The business operates from very attractive stylish double fronted premises with appealing and eye catching displays of jewellery. The premises comprise of a bright, well fitted modern sales area with glass fronted, lit display cabinets to showcase the jewellery. The sales area is fully carpeted and very welcoming and there is also a separate office area design workshop, stores and staff facilities.

The business is located in a recently refurbished retail shopping centre in Dublin and is leasehold with five year reviews.

The annual rent is circa €165,000.

Other information

Expansion potential:

The present owner has previously not been motivated to adopt a particularly pro-active attitude toward marketing and as such a tremendous opportunity exists to increase sales in the future.

The business is perfectly poised for substantial further development to build on the last 40 years of profitable trading and strong client loyalty. The market outlook is good and the business now simply needs a new owner with more energy and enthusiasm.

Competition / Market:

To date the Company has invested very little money on marketing. The Company is recognised for its teams expertise for high quality workmanship and therefore a high percentage of customers are via word of mouth recommendation. The company website has been created to be a platform on which to display the items on offer and attract new customers both local and International. The website is in the process of being updated to include more from the extensive range. The vendor is also generating a new website particularly for the exclusive and popular Celtic jewellery range. Opportunities exist to include a full e-commerce facility on the website to provide customers with a secure on line ordering provision which could certainly attract more customers and additional turnover. The opportunity also exists for direct mail advertising in the future.

Support & training:

The current owner will provide all necessary training and all relevant contacts to ensure a smooth transfer of business.

Reasons for selling:

The owner has been in the business for over 40 years and now wishes to take life a little easier.

Trading hours:

Monday – Saturday: 9.30 am – 6pm
Sunday: 12am – 5pm