Established Riley’s Watchmakers & Jewellers in Cheadle, Staffordshire for Sale Due to Retirement
Stoke on Trent, Staffordshire
- Status
FOR SALE
- Date Submitted:
29/08/23
- Advert ID
518805
- Reference
B07499 / Rightbiz
- Call Agent:
- Freehold: £159,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Extremely well established Watch shop and Jewellers for sale
BusinessPlease quote reference B07499
CoGoGo are delighted to welcome to the market Riley’s Watchmakers & Jewellers, a highly rated and extremely well established watch shop and jewellers in Cheadle, Staffordshire.
This small family business was first established back in 1979 and has been trading from the current premises in Cheadle since 1985. The business has flourished since relocating, accruing a number of regular customers along with an excellent reputation. The business is dedicated to providing a friendly, fast and efficient service to its customers for all their watch, clock and jewellery repair needs.
Riley’s Watchmakers & Jewellers has now come to the open market due to our clients desire to retire.
The business offers a while you wait service on some types of repairs such as watch batteries, strap replacement and bracelet adjustments. Most jewellery repairs are next day service, watch repairs vary from next day to one week and clock repairs depending on the repair, up to three weeks.
The business is approximately 70% trade and 30% retail.
Additionally, the business is a retailer of watches, clocks and jewellery including fancy goods and giftware. They also stock Sekonda and Limit watches, Espree Silver Jewellery and pre-owned 9ct & 18ct jewellery.
The sale of the business includes the business website, and social media accounts. Riley’s Watchmakers & Jewellers enjoys great visibility online.
Key selling points -
- A well established business with an enviable reputation and many happy customers
- Prime trading position with loads of footfall and passing trade
- Includes the freehold but would consider leasing the premises
- Current owner happy to offer a handover to ensure the continued success of the business
- Ideal owner managed or partnership business.
- Advertising and Marketing campaign
- Maximise the use of social media
- Invest in SEO and PPC to drive new customers to the business
- Extend the opening hours
- Add an e-commerce facility to website
Location
Riley’s Watchmakers & Jewellers is located on High Street in Cheadle, Staffordshire.
The business sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade.
Premises
The business occupies an attractive, period, 3 storey building really suited to the trade.
The business briefly comprises a retail shop on the ground floor, a jewellery and clock repair workshop on the first floor and useful storage on the second floor.
There are a number of inexpensive public car parks within easy walking distance of the premises along with some free on street parking.
Tenure
We are advised that the business is being sold on a Freehold basis.
Our client has also advised that they would consider selling the leasehold, with rent and lease terms to be negotiated with the new buyer.
Hours
The current trading hours are -
Monday to Tuesday - 9am - 5pm
Wednesday - Closed
Thursday to Friday - 9am - 5pm
Saturday - 9am - 2pm
Sunday - Closed
Staff
We are advised that the business is run and managed by the owner.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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