Hilton Smythe is delighted to welcome to the market this well established and popular jewellery business, which is ideally located within Haywards Heath, West Sussex.
The business was established by our client in 2004 and is only now, reluctantly, being offered to the market, due to our client's desire for semi-retirement. The business currently operates 6 days per week and generates a turnover in the region of £130,000 per annum, with a gross profit of approximately 67%, according to the 2016 accounts.
Our client offers a wide variety of bespoke jewellery, made by our client and several popular designers, including John Garland-Taylor, Linda McDonald, Michael Michaud, Corner Stone Creations (Paul Spurgeon), Dower and Hall and Feniom, to name a few. The jewellery offered includes, bangles, bracelets, earrings, necklaces, pendants and rings, as well as watches and jewellery/watch repairs.
50% of the sales is from our client's own jewellery line, which has been a popular pull since the conception of the shop in 2004. Our client is willing to offer this jewellery to any new owner. 30% of sales comes from the other designers, the remaining 20% comes from repairs of jewellery in house and watches, which are sent away to a specialist repair company, as well as the installation of watch batteries. There were over 250 separate repairs carried out last year.
Our client won the 2017 Luxury Goods Award for Best Bespoke Jeweller for the South-East region in the Industry Insight Monthly magazine.
The business has built up an excellent reputation within the area and further afield for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering Sunday trading. A new owner could embark on a modest marketing campaign to highlight the excellent goods and services offered, perhaps by advertising in wedding magazines, as well as having designer launch evenings
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 10 years
New lease to be negotiated.
Rent: £18,500 per annum
HOURSThe business is open:
Monday - Saturday: 10.00am - 5.00pm
STAFFThe business is owner run and managed with 2 x part time staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £130,000 per annum, with a gross profit of approximately 67%, according to the 2016 accounts.
David Smith Contemporary Jewellery occupies substantial ground floor premises, ideally located within the town of Haywards Heath in West Sussex. The business is situated on the very busy South Road, surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a high volume of footfall and passing trade. The business further benefits from on-street car parking facilities to the front of the premises.
Haywards Heath is a town in West Sussex. According to the 2011 census, the town had a residential population of 27,057. Haywards Heath is a popular commuter town, with excellent road and rail links to Gatwick and London. The town is surrounded by very attractive countryside and is a good base for a walking holiday.
The area of the business is well served by the public transport system, with several bus stops being within easy walking distance. Haywards Heath railway station is less than 10 minutes' walk away. The area is also well served by the A-roads, with the A272 being within easy driving distance, which links to the national A-road and motorway networks. Crawley is approximately 11½ miles away and Brighton is 15½ miles away.
Substantial ground floor premises in an ideal trading location, briefly comprising:
Sales and display area with:
A selection of wall mounted, glass fronted jewellery display cabinets.
2 x bespoke glass made cabinets.
Several central display units.
Serve over counter and consultation area with electronic cash register, credit/debit card terminal and jewellery work bench with lamp and magnifying glass.
Rear stock room and office with administration area and floor mounted 1½ tonne safe.
Rear exit to private courtyard.
Highly desirable shop front, which has recently been refurbished.
Private nominated car parking space.