High-end jewellery stores with B2B gold bullion operation

The Shareholders are offering the company for sale as part of their retirement plans.

Key Highlights

– Revenue broadly split 50/50 between jewellery and B2B gold bullion sales.

– Jewellery sales generated by the general public, with a customer database featuring over 69,000 individuals.

– Considerable scope for further growth through the acquisition of new shops or the introduction of an own-brand range.

– Sales of high-end products expected to drive the retail jewellery market over the next five years, with record gold prices set to continue throughout 2023.

– Experienced second-tier management team in place, including an individual who could take on the Shareholder’s responsibilities.

– Operates from several independently run jewellery shops spread across the south of England.

Financial Highlights

– Turnover of £8m in YE24.

– Adjusted EBITDA of circa £1m achieved in the same year.

– Projected turnover of £10m for YE25, with an adjusted EBITDA of £1.6m.

– UK retail jewellery market currently valued at £7.8bn.

– Property assets currently valued at £750k. These will be included in the sale.