Hilton Smythe welcomes to the market Arun Goldsmiths Co Ltd. The jewellers is currently trading as B L Homer. The business was established in this location in 1964 by our clients. The owner is now looking to sell the store, due to the desire to take a well-deserved retirement.
The business trades as a jewellers and watch retailers. The store also stocks a range of gifts, this includes wall clocks, clocks, ornaments, money boxes, jewellery boxes, glassware and pens. The jewellers also offer a broker’s service to buy gold and provides repairs from the back of the store.
The business generated a turnover in the region of £256,260 as of the 2016 accounts, with a gross profit of 50%. This is a healthy turnover, with potential to increase this figure. The business is well-established and is very popular in this location, generating a generous amount of repeat loyal trade. We feel that the store could benefit from advertising. A social media page and website could allow the jewellers to further expand custom. A website could also be e-commerce to allow for custom from further afield. An EBay online store could also be something the purchaser considers.
The store is currently run by a manager. With a hands-on purchaser looking to work full time at the business, there could be a greater increase in profit. There is huge scope for the jewellers and this would be a perfect opportunity for a bolt-on or first time purchase.
This is a fantastic business that is not to be missed. The jewellers would be ideal for a husband and wife team or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
B L Homer is located in Rustington, Littlehampton, within West Sussex.
The business is situated on Rustington main high street in the town centre. This is a prime trading location benefitting from heavy footfall and passing trade. There is a plethora of retail outlets in this location and the shop further benefits from free parking directly outside the store.
Rustington is a great shopping location with well-known big brands and some independent retail outlets. In the town, there is a Tesco, Greggs, Waitrose, wh Smiths, Costa Coffee, Boots, Holland and Barrett, plus much more.
The road on which the business is located is an arterial road in the town, this road further connects to main a-roads and across the coast. The high-street location provides excellent public transport. Just a minutes’ walk away are bus stops, these have regular daily routes into Brighton, Worthing and Bognor Regis. The closest train station is also just a short, 5-minute drive away.
B L Homer is set on a retail parade. There is a large shop window on the right, this leads to the entrance door which is set back. Window displays are behind secure display glass. The premise is well-secured with electronic roller shutter, this covers the whole front of the property.
On entry is the large retail area. This has separate display cabinets for products, each cabinet is locked. The counter is on entry, this has a clear view of the whole shop. There are purpose built cabinet around the perimeter.
Through to the rear of the property is an office, with desk and filing cabinets. From here there is access to the rear work room, staff area and toilet. The work room has plenty of shelving, desks and tables.
Equipment included in the sale includes: -
2 x glass topped service units
Octagon shaped glass rotating display cabinet
Octagon shaped static display unit
2 x wall fixed glass fronted display cabinets
2 x large floor standing safes
To the rear of the property are two car parking spaces for staff.
We are advised the business is being sold as a Leasehold opportunity.
Original lease length: 10 years
Remaining lease length: 9 years as of 2017
Rent: £18,000 per annum
The business opening hours: -
Monday - Saturday: 8:30am – 5pm
The business is run by our client, with the help of a full-time manager and one full time member of staff.
The business generated a turnover in the region of £256,260 as of the 2016 accounts, with a gross profit of 50%.