HYDE PARK JEWELLERS 75 HYDE PARK ROAD PLYMOUTH PL3 4JN

A well established retail jewellers and gift shop in an excellent location only available due to the proposed relocation of the jewellery manufacturing and repair side of the business to new premises.

The business has been in the same family ownership for many years and now is available offering an exciting opportunity to further develop this profitable retail business.

The vendors would be pleased to continue offering the jewelry repair service to new owners on a commission basis if required.

Description and Location

The vendors have operated and run this family business for many years and now wish to dispose of the retail side of the business, concentrating on the manufacture and wholesale of jewelry elsewhere in the city.

Hyde Park Road is a popular retail area having the benefit of Hyde Park Junior School over the road and Plymouth College near by. Other retailers nearby include Chemist, Fruit and Veg, Butchers ,Art Gallery and Framing, CTN, Florist, Ladies fashion, Contemporary Design studio, Specialist soft furnishings, Bakery, Cafes, Takeaways and Financial services.

Business

We have had sight of the last 3 years trading profit and loss account prepared by the vendors splitting out the retail sales and jewelry repair commission. These show a turnover of around £87,000 to 31st March 2009 with previous years not too dissimilar. Adjusting the accounts, removing all personal items and before depreciation and wages the Net trading profit is approximately £32600.

Staff and Wages

The business is run by husband [full time] and wife with daughter [both part time] and 1 full time member of staff. All members will be relocating to the new business so no TUPE needs to be considered.

Accommodation

Single fronted shop unit Front sales area 5.27m x3.55m 16.71m2 [180sqft] Lower sales area 5.56m x 7.74m 43.03m2 [463sqft] Rear Workshop 4.17m x 7.32m 30.52m2 [329sqft] 2 Wcs Rear Stores 4.17m x 4.10m 17.10m2 [184 sq ft]

Outside Pedestrian access to rear lane

Tenure

Leasehold. New lease lenghth negotiable subject to 3 year reviews on effective FRI terms

Price

Offers invited on £24,950 for the lease goodwill fixtures and fittings plus SAV

EPC

For details of the energy performance certificate for this property please contact the agents

RATES

2010 rateable value £8,500

VAT

All prices and rents quoted are exclusive of VAT where chargeable.

Viewing Strictly by prior appointment with the sole selling agents Taylor Son & Creber 01752 202035