Summary - FLAT 2 REAR OF 42, FERGUSONS, 42, VICTORIA ROAD WEST FY5 1BU
1 bed 1 bath Shop
Long-running jewellery business with strong margins and clear growth potential.
Double-fronted 84 sqm ground-floor retail unit with fitted display counters
Long-established jewellery business trading since 1945; family-run for 30 years
2023 turnover £220,000 (52% gross margin); 2022 peak £261,000 (63% margin)
Upside: bring repairs in-house, reintroduce Sunday/six-day trading to boost sales
Leasehold: original 7-year term, tenant holding over; passing rent £27,864 pa
Rear parking for three cars; location benefits from summer visitor influx
Local area: high crime and very deprived — may affect security and staffing
Slow broadband speeds; business reliant on footfall and in-person trade
This long-established family jewellery and gifts business occupies a prominent double-fronted retail unit on Cleveleys’ Victoria Road West. Trading since 1945 and run by the same family for 30 years, the business benefits from steady local footfall year-round and a large summer visitor boost. The 84 sqm ground-floor sales area has generous display frontage, fitted counters and a rear office, store, kitchen and toilet — ready for immediate trading.
Financially the business shows strong gross margins (52% on 2023 turnover of £220,000 with five-day opening; historical peak £261,000 with six-day trading). There is demonstrable upside: reintroducing Sunday or six-day opening and bringing repairs in-house could increase turnover and margins. The landlord has indicated willingness to negotiate a new lease with a buyer, which reduces immediate lease-renewal uncertainty.
Important facts and risks: the property is leasehold, current passing rent £27,864 pa with the tenant holding over on the original seven-year term. The area records high crime and very high deprivation indices, and broadband speeds are slow — factors to consider for an owner-operator or investor. Rear parking for three cars and excellent mobile signal are practical advantages for local trade.
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