Manufacturer and retailer of fine diamond jewellery of the highest quality, including an e-commerce website
Ref. IN010
Location The Lanes, Brighton
Asking Price £150000
Business Profile
Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share Capital of a leading manufacturer and retailer of fine diamond jewellery, including an e-commerce website.
Key strengths:
The Company has the following key attributes:
• Diamond specialist – engagement, wedding and eternity rings in particular.
• Very well suited premises in the highly fashionable and prestigious Lanes area of Brighton.
• Bespoke designs from creative designers and highly skilled craftsmen.
• Full range of after sales care – polishing, repairs, re-sizing, stone setting – all undertaken on the premises.
• Very secure location – outlet includes all of the security features normally associated with a high class jewellery outlet.
• Well-designed and attractive e-commerce website.
The Company provides an acquirer with:
• An excellent ‘starter’ business for anyone looking to establish a foothold in the retail jewellery sector.
• An ideal, strongly performing, additional retail opportunity for an operator already involved in the jewellery sector.
Financial profile:
For the financial year ending March, the business achieved turnover of approximately £183k, generating a gross profit of approximately £111k and an EBITDA (Earnings before interest, tax, depreciation and amortisation of costs Before Directors ‘costs of £62,000.
The asking price of £150,000 is for a sale of 100% of the Issued Share Capital in the business on a cash free, debt free basis and excludes stock which will be made available at a level agreed between the buyer and seller.
