Description: A long established family jewellery & gifts business located on the high street in Cleveleys town centre. Established in 1945 the current family have operated the business for the past 30 years. Retail sales of silver, diamonds, gold, cubic zirconia, fashion jewellery and watches. Second hand jewellery bought and sold with watches and jewellery repairs currently out sourced. A long and well established business only on the market due to retirement.

Location: On the southerly frontage of Victoria Road West in Cleveleys town centre. The location has a busy local all year round trade plus a large influx of visitors during the summer months. Retailers close by include Boots, WH Smith, Superdrug, Iceland, Halifax, Home Bargains and Costa Coffee.

Ground Floor: Double fronted retail shop premises with a full range of display counters and shelving, kitchen, toilet, rear office and store. Total area 84 sqm.

Exterior: Rear parking for 3 cars.

Business: Retail sales of silver jewellery, diamonds, gold, cubic zirconia and fashion jewellery. All repairs are out sourced offering the opportunity for a jeweller to bring this in house.
Current openings 5 days a week Tuesday to Saturday 9am to 4pm.
Accounts will be made available to genuine interested parties after viewing. Extract from the accounts confirm a turnover of £220,000 with a 52% gross margin for 2023 based on 5 day openings and £261,000 with a 63% gross margin based on 6 day opening for 2022. Potential to reintroduce Sunday opening and increase back to these levels.

Tenure: Original Lease term 7 years with the current tenant holding over at a passing rent of £27,864 per year, paid quarterly in advance. The vendor confirms the landlord has indicated he is prepared to negotiate a new lease with the buyer of the business.

Viewing STRICTLY BY PRIOR TELEPHONE APPOINTMENT THROUGH OUR OFFICE.