Status: Completed
Tenure: Leasehold
Leasehold Rent: £560 per month
Turnover: £150,000
Bespoke Jewellery Manufacture and Repair Business and Popular Website in Kent For SaleBespoke Jewellery Manufacture and Repair Business and Popular Website in Kent For SaleBespoke Jewellery Manufacture and Repair Business and Popular Website in Kent For Sale
Stock Included
£19,250

Bespoke Jewellery Manufacture and Repair Business and Popular Website in Kent For Sale

Completed
  • Reference: 2647
  • Location: Royal Tunbridge Wells, Kent
Hilton Smythe are delighted to offer to the market these two trading concerns, John Ramsay Jewellers, which offers goods to trade customers and is located in Royal Tunbridge Wells, Kent and a very popular website www.tailor-madejewellery.co.uk, which offers bespoke hand-made jewellery to the public.

The business was established by our client in 1997 and is only now being offered to the market due to our client's desire for a well-deserved retirement. The businesses together generate a turnover in the region of £150,000 per annum, with a good gross profit.

Our client offers a range of services including the manufacture of handmade bespoke jewellery including diamond rings, gold rings, platinum rings, engagement and wedding rings, pendants and bracelets, plus much more, as well as offering repairs and a full aftercare service. The business supplies stock to several jewellers within the area and further afield, as well as bespoke items made to order.

The excellent website, which is included in the sale is well designed and very informative, offering beautiful hand-crafted jewellery, using only the best materials and all made with the greatest care and attention. The business has received excellent reviews and testimonials, which are available to view on the website.

Our client has built up a renowned reputation within the industry 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.

Should a new owner wish to re-locate the business to their own premises, therefore incurring no additional overhead costs, then this would increase the profits substantially.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by operating the workshop on a Saturday. A new owner could also embark on a modest marketing campaign advertise the goods and services offered.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

TENURE

We are advised Leasehold:

Rolling lease
Rent £560 per calendar month.

A new 5 year lease will be offered to any new purchaser.

HOURS

The business is open:

Monday - Friday: 8.00am - 4.30pm
Saturday - Sunday: Closed

STAFF

The business is owner run and managed with 1 x technician and 1 x workbench rented out.

FINANCIAL PROFILE

The business generates a turnover in the region of £150,000 per annum, with a good gross profit.
John Ramsay Jewellers occupies substantial first floor premises in an ideal trading position in Royal Tunbridge Wells, Kent. The business is surrounded by a wealth of complementary businesses and boasts two car parking spaces to the rear of the premises. The town is a very highly desirable place in which to live and work and boasts all the amenities needed for everyday living.

Royal Tunbridge Wells is a large town in western Kent, approximately 40 miles south-east of central London. According to the 2011 census the town had a residential population of 115,049. The town came into being as a spa in the restoration period, attracting visitors who wished to drink the waters. The town remains popular and derives approximately 30% of its income from the tourist industry.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Tunbridge Wells railway station is just over half a mile away. The area is also well served by the A-roads, with the business being located on the A26, which links to the vast A-road and motorway networks. Maidstone is approximately 17½ miles away and Eastbourne is 31½ miles away.
Substantial first floor premises in a town house, briefly comprising:

Office area with:

Access via a security buzzer.
Carpeted throughout.
Diamond lamp.
2 x desks and chairs.
Printer.
2 x telephones.

Workshop with:

3 x workbenches.
3 x pendant drills.
Multiple hand tools.
Rhodium plating machine.
2 x desks.
Telephone.
2 x ultra-sonic machines.
Bryvac polishing machine.
2 x bench lamps.
2 x polishing shop lamps.
Ring stretching machine.
Lathe.
All draw plates.
Refrigerator.
Safe.
Pickle pot.
Box of jobbing stones.
Hundreds of silver master patterns.

Kitchenette with:

Stainless steel sink with drainer.
Hot water heater and dispenser.
Low level cupboards.