 | Watch Batteries, Straps & Jewellery Sales Nottingham, Nottinghamshire, United Kingdom Advert ref: N394 FINANCIAL DETAILS | Asking price: £24,950 Sales revenue: < £200k Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | A long established business, having first been established some 30 years ago, located within the Victoria Market in Nottingham. The business has a substantial amount of regular customers who use some or all of the services on offer.
The main source of income is the supply and installation of watch batteries and straps. In addition a selection of mid priced jewellery and watches is retailed. The main watch brand is Avia.
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GENERAL INFORMATION | Years established: 30+ years
Employees: The vendor with the help of one part-time employee operates the business.
Trading hours: Monday - Saturday 10.00 am – 5.00 pm
Property: Leasehold
Lease terms
The stall is currently leased on a month-to-month basis. The council is required to give the tenant 6 months notice. The council will grant a new lease to a tenant nominated by the present tenant.
The present rent is £454.89 per month. There are no other operating costs.
Location
The Victoria Centre is the focal point for shopping in the city of Nottingham and caters for around 450,000 visitors each week. It is centrally located, well served by public transport and has one of the largest underground parking facilities in Europe with 2,700 parking spaces.
Within the shopping centre there is a vibrant market place, featuring a wide range of retail stalls. The market has recently been substantially upgraded making it an even more attractive retail location.
The business on offer occupies a good location within the market place with a high footfall.
Support & training
The vendor is willing to fully train the purchaser to provide all the services on offer.
Reasons for selling
The business is only for sale due to retirement of the present owner.
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The Business Partnership - Derbyshire, Nottinghamshire, Sth Staffs, NW Leics | | | |
