A popular jewellery retailer with two sites in east Yorkshire

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.