Jewellers & Pawn Brokers, West Yorkshire

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • Easy to run - no previous experience necessary • Busy shopping centre location • Operated primarily by staff • NET PROFIT IN EXCESS OF £40,000

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Full Description: GOLD DEALER, FOREX AND PAWN BROKER in West Yorkshire for Sale.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.