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Jeweler Shop for Sale

Cheltenham, Gloucestershire

Leasehold : £ 20,000

This well established leasehold watch shop is located on the shopping high street on a through road in the centre of Cheltenham which is part of Gloucestershire. The business benefits massively from its location, with many complimentary business and residential properties close by and the town is very popular drawing shoppers and town centre visitors to the area on a daily basis. The business benefits from roadside parking together with a large car park opposite making the business easily accessible for customers. Cheltenham is a very desirable business and residential location due to its excellent central shopping, fine housing, good schools, NHS services and beautiful neighbouring open countryside. The town offers famous racecourses, historic attractions and a welcoming and friendly community. Cheltenham also benefits from being situated less than 3 miles away from the M5 motorway which links to the M6, M40 and M4 making visiting and commuting very easy.

WELL ESTABLISHED WATCH SHOP – GLOUCESTERSHIRE
Good reputation- regular and repeat trade
Situated in the busy town of Cheltenham
Full training provided by current owner
Scope for further development
Ideal partnership opportunity
Owners' accommodation
Genuine reason for sale
Easy to run
LEASEHOLD

Business History
Meridian Business Sales are delighted to offer to the market this easy to run watch shop which was established in 1978 and has been in the careful hands of our client since 2005. Only now is our client reluctantly offering the business to the market due to their desire to concentrate on other business interests. Since our client took over the business they have introduced new lines and income streams which have enhanced the business massively. Currently the business is being run at a pace that suits our client’s lifestyle which means there is massive scope for a new, hands-on operator to further develop the business. Our client informs us that they currently achieve a respectable annual turnover. The business has an extensive range of affordable watches, branded watches, watch straps in various materials and accessories together with clocks and electrical items such as various bulbs, leads and chargers to name a few. Our client has achieved the enviable position of having built a very profitable business derived not only from retail sales but by also offering an expert repair service. The business is currently owner operated and our client is happy to provide training during the transition period. The business would allow the new owners scope to diversify into Internet sales which may increase income. Benefiting from a professional website and owners’ accommodation this is an ideal opportunity for an existing operator or indeed for those seeking the complete lifestyle change the business and area have to offer and as such early viewing is highly recommended to fully appreciate.

Trading Hours: Monday: 9:00am – 4:30pm
Tuesday: 9:00am – 4:30pm
Wednesday: 9:00am – 4:30pm
Thursday: 9:00am – 4:30pm
Friday: 9:00am – 4:30pm
Saturday: 10:00am – 3:00pm
Sunday: CLOSED
 
Accommodation: The well signed 2 storey terraced premises of brick and tile lay is purpose built and briefly comprises:
Display window and secured entrance to:

GROUND FLOOR PREMISES

Display shelving and cabinets - well equipped for business
Serving counter


FIRST FLOOR
2 bedroomed owners' accommodation



 
Tenure: We are advised leasehold
Original length: 10 years
Remaining: 8 years
Rent: £1,000 per month

 
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