Jeweler in Vlissingen

The organization concerns a fully equipped jewelry store of approximately 120 m² in the center of Vlissingen. The store has existed for almost 50 years, is currently the only jeweler in Vlissingen and realizes approximately €650,000 revenue from physical store activities (excluding webshop sales).

Business activities
The organization rests on two pillars: retail sales of jewelry, watches and wedding rings and an in-house atelier for repairs, maintenance, service, custom work and goldsmithing. The atelier generates a stable recurring revenue of approximately €130,000 to €140,000 per year.

Market and customers
The organization focuses on private customers in Vlissingen, Middelburg and surrounding towns. It also serves tourists, inner city visitors and returning vacationers in Zeeland. Some of the customers come specifically for studio work, which ensures repeat visits and additional customer loyalty.

Details
The organization is an established name in the region and benefits from limited competition by being the only jeweler in Vlissingen . The combination of retail sales, service and a fully equipped atelier ensures a broad customer flow and stable revenue base.

The organization/location
The store is move-in ready and presentable with display cases, cabinets, safes, secured glass and the necessary security facilities. A furnished studio is available. The daily operation is carried by a small, experienced team with knowledge of sales, customer contact and studio work. Rent is favorable in relation to location, size and revenue.

Opportunities and growth potential
Growth potential lies in further expanding the atelier, given the limited supply of comparable ateliers in the area. In addition, the revenue mentioned does not include webshop sales, so there is room to build online sales through a webshop, social media and targeted (regional) marketing. Growth can also be realized with an own collection or a renewed concept.

Other information
Acquisition is flexibly negotiable. There is no mandatory acquisition of stock or goodwill. A low entry or token acquisition is negotiable for a suitable candidate, provided the jewelry business continues and the existing team is taken seriously. Inventory, fixtures, security, studio facilities and any stock can be taken over by mutual agreement. Assistance with transfer and start-up with suppliers or a starter collection is negotiable.