Jewellers & Pawn Brokers, West Yorkshire
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Easy to run - no previous experience necessary
- Busy shopping centre location
- Operated primarily by staff
- NET PROFIT IN EXCESS OF £40,000
Description
This is an easily run business for which no previous experience is necessary. Annual turnover £1,240,000. The business operates relatively simple systems and procedures buying in precious metals in the form of scrap jewellery and making a margin on the difference between the spot rate and the price paid to customers of the business. The gold is then sold onto gold refiners and the business uses a number of different refiners to ensure the best possible return. Similarly the same systems are applied to the purchase and sale of foreign currencies with a margin applied to each transaction and a higher margin is applied to the more exotic currencies. Whilst the business is simplicity itself to run, it has proved itself to be VERY PROFITABLE for our client and SHOWS A NET PROFIT IN EXCESS OF £40,000 on management accounts to December 2022. Situated in this busy shopping centre which has recently undergone a multi-million pound refurbishment within this bustling West Yorkshire town centre.
Stock £30,000 to £55,000.
EPC Band F.
About Ernest Wilson & Co Limited, EW Leeds
The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG
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Notes
Disclaimer - Property reference 588827. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ernest Wilson & Co Limited, EW Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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