The Business Witkowski Jewellers is an extremely well run business that has been owned by the vendor’s family since 1953. The business has been placed on the market due to the current proprietor’s wish to retire. The business trades throughout the year, and benefits a loyal base of regular clientele. The business is extremely busy having built up a superb reputation within the town and surrounding areas. The business offers an excellent opportunity to purchase a profitable and well established business within a popular shopping centre position.
Witkowski’s operates 6 days per week.
Monday to Saturday 0930-1700
The business offers an eclectic range of jewellery services including; watch repairs, battery replacement, jewellery repairs and alterations, valuations and restoration services
The retail side of the business offers a wide range of watches, earrings, rings, diamonds, necklaces and gold and silver gifts.
Situation Elgin is a former cathedral city and Royal Burgh in Moray, Scotland. It is the administrative and commercial centre for Moray. The town originated to the south of the River Lossie on the higher ground above the floodplain.
Elgin is situated on the A96 trunk route which connects the cities of Aberdeen and Inverness. The A941 runs from Lossiemouth through Elgin to Rothes, Craigellachie, Dufftown and Rhynie. Elgin railway station is operated by Abellio ScotRail. The railway also connects to Aberdeen and Inverness which have trains to other UK destinations. Elgin's bus station provides services within Elgin and to other local towns as well as to Aberdeen and Inverness.
The Property The property is a double shop unit located within the St Giles Shopping centre on Elgin High Street.
The main entrance is from the front, which leads into the main shop floor and customer facing part of the business. The shop floor has a service counter in the centre of the shop floor. The service counter is of glass design, offering excellent presentation cabinets for jewellery and gifts. To the left and right there are further display cabinets, together with centre island units. To the rear of the shop floor, you will find a fully equipped repair area.
The property also benefits from a full internal alarm system. The shopping centre also has CCTV and additional alarm system.
External The front of the property sits straight to the shopping centre. The shopping centre has ample parking.
Services The property has mains water, drainage and electricity.
Tenure The property is held on the Scottish equivalent of leasehold. The current lease is for a period of 5 years from September 2015 with an annual rental of £16,000 including centre service charges.
Trading Figures Accounts are available on request after a formal viewing has taken place.
Summary The sale of Witkowski Jewellers offers a rare opportunity to purchase a superb and long established business which is trading well but with potential for expansion of the business. It benefits from its central location.
Price oiro £42,995 are sought for the leasehold, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.
Price An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.
Viewing Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.
Offers All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.
Bridge Of Marnoch, Huntly, Aberdeenshire United Kingdom AB54
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