A popular jewellery retailer with two sites in east Yorkshire

The business is a popular retailer of jewellery and watches, operating from two retail shops in Yorkshire and an e-commerce store.

Offering a diverse range of antique, vintage and modern pre-owned jewellery watches and gifts from leading brands, the business caters to the high end of the market offering pieces made using diamonds, gemstones and precious metals.

The business operates from two attractive, ideally located stores, which provide continuing appeal to its loyal customer base, with its reputation allowing it to attract beneficial supplier arrangements and a strong industry presence.

The business is being offered for sale to facilitate the partners’ plans for retirement.

Offers invited.

Key Highlights

– Long-standing history and an excellent reputation for high-end products and exceptional customer service, with sales driven by the prominent high-street locations of its premises.

– Sales of high-end products are expected to drive the retail jewellery market over the next five years.

– Existing e-commerce website in place that could be promoted to generate interest on a national or international level.

– Experienced team in-store able to manage many day-to-day operations without oversight.

– Operates from two leasehold premises that are owned by the partners. Premises are valued at £1.5m and £650k and may be included in the sale on a freehold, leasehold or rental basis.

Financial Highlights

– Turnover of £4.7m for YE23.

– Achieved an adjusted EBITDA of £975k in the same year.

– Outturn turnover of £4.7m for YE24, with an adjusted EBITDA of £1m.

– Average gross profit margin of 38% over the previous four years.