Retail premises for sale in Bow Street, Ashton-Under-Lyne OL6

£39,995
Retail premises for sale
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Property description

Business
Please quote reference B06265

Hilton Smythe is delighted to welcome to the market this well-established and popular jewellery business, which is ideally located in Ashton Market Hall.

The business was originally established in 2014 and has been in our clients’ ownership since. Only now, reluctantly, is the business being offered to the market, due to our client’s owning more than one business. The business currently operates 6 days per week and generates a turnover in the region of £50,000 per annum, with a gross profit of net profit of around £20,000.

Our clients offer a wide variety of jewellery including rings, bracelets, necklaces and watches, giftware and accessories, to name a few. The store retails a very high-end stock and many bespoke pieces.

The business has built up an excellent reputation within the area and further afield, for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also launch a marketing campaign to advertise the business and introduce a website, which could incorporate online ordering facilities. The use of social media, such as Facebook and Twitter, is an ideal free way to promote the jewellery store and goods offered.

The assets include All jewellery approx. Value is £30,000.

This is an excellent opportunity for a new owner to take this already thriving and well-established business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

Location
Ashton Market Hall is home to more than 70 fantastic independent traders, offering a wide range of goods and services.

The Market Hall sits within the heart of Ashton Town Centre, opening six days a week Monday – Saturday 9am – 5pm. With its broad offer of food and non-food retailers, the Market is popular with shoppers of all ages, welcoming on average 50,000 visitors per week.

Premises
Ashton Market Hall is home to more than 70 fantastic independent traders, offering a wide range of goods and services. The Market Hall sits within the heart of Ashton Town Centre, opening six days a week Monday – Saturday 9am – 5pm. With its broad offer of food and non-food retailers, the Market is popular with shoppers of all ages, welcoming on average 50,000 visitors per week.

Tenure
We are advised the business is being sold on a Leasehold basis with 3 years remaining and the 10 year Lease, the rent is £967 per month.

Hours
The business trading hours are as followed:

Monday to Saturday - 09:00am - 17:00pm

Sunday - Closed

Staff
The business is ran and managed by 1 part time staff member.

Financial Profile
We are advised the business gentereated an advised turnover of circa £50,000, further financial information can be made available upon request.

Please quote reference B06265

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For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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