Business Summary

THE GOLD EXCHANGE JEWELLERS/ PAWNBROKERS. ASKING £140,000.00, NEW LEASE, FIXTURES AND FITTINGS (antiques), EXTENSIVE BUSINESS AND STOCK !! (variable), everything!! This is a serious business opportunity with excellent current business levels, and increasing other opportunities.

TURNOVER IN EXCESS OF £600,000.00 PER ANNUM WITH UP TO 15% NET PROFITS & BENEFITS. EXCELLENT OPPORTUNITY TO TAKE OVER THRIVING SUCCESSFUL PAWNBROKERS, WITH EXCELLENT INCOME STREAMS. ACCOUNTS ARE AVAILBALE TO SERIOUS BUYERS ONLY.

The business has three areas of operation. 1. Buying and selling bullion 2. Resale of jewellery such as coins, gold rings, gold bracelets, gold bangles, gold necklaces, gold chains, gold brooches, gold badges, gold pins, gold watches, designer watches, all jewellery of value, gold links, gold charms, gold pendants and gold earrings 3. A buy back scheme. If a customer need instant cash but does not want to part with their gold and silver for good, then they may sell the goods with the option to 'buy back' at a later date with 30, 60 or 90 day buy back terms.

The Gold Exchange, is a very successful and established business since 2011, jewellers, pawnbroker. This well established large retail shop provides a wide range of new and second hand items, Gold, Silver, Watches, all types of jewellery, art, musical instrument, medals etc. The business has a large database of customers using the buyback scheme, has the facility to buy gold . The business is very focused on excellent customer service and employs one staff.

There is no website for the business so currently no e-commerce business, so a large opportunity to increase business exists. The business is also advertised on yell.com and Thompson local. The business appears on social media sites such as Facebook and Twitter. The business has grown largely through retails sales, due to the shop being in an excellent location, word of mouth. The client base consists of mainly locals, repeat custom, referrals and recommendations.

The business for sale is leasehold, with 1 year remaining. A new lease would be negotiable. The rates are less than £2000.00 per annum or less, with rent of £8000,00 per annum. Location: Platinum R & C Properties are delighted to place onto the market this thriving Pawn Brokers which operates from a leasehold premises in Kent on a busy High Street location at the centre of Herne Bay. The location is ideal for this type of business, within a densely populated area.

The business is situated on a main bus route near a large Tesco’s and Sainsbury’s, multiple banks, and prime high st retailers. Good parking facilities surround the business with excellent railway links. Clientele come mainly from within a 50 mile radius with some clients as far as 80+ miles away.

Premises details: The property is terraced and has a branded double fronted glass window display with metal shutters with on street parking. The property has a large retail space and is 300 sqft, with kitchen and facilities on the same level. Basement consists of strong room, work room, storage etc. Property is fully secured, censored & alarmed as jewellers would be. To the front there are several jewellery display units, and main customer desk, which leads to a second area, which has comfy chairs, seating and more display areas. There are also staff toilets and a small kitchenette area.

Business Operation Trading hours: Monday to Saturday: 09:00-17:00 Sunday: closed Support & training: Full training and support will be given to the buyer.

We feel there is scope to increase turnover by extending the opening hours and perhaps opening the business on Sunday. A new owner could also introduce Payday Loans etc. The business currently has a Pawn Brokers licence but does not really utilise this to its full potential. A new owner who has their own cheque cashing facility could easily add circa 1.5% on cashing cheques, as our client currently uses a third party.

This is an excellent opportunity for a new owner to take this business to the next level, therefore early viewing must come highly recommended.

IMPORTANT NOTICE

Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.

Property Details