Historic Isle of Wight jewellers in search of buyer

Wed, 24 Jul 2019 | BUSINESS SALE

A prestigious luxury jewellers on the Isle of Wight has been put up for sale for £2.5 million after being a fixture in Cowes for 168 years.

Benzie of Cowes, located on the Cowes High Street, has placed its store up for sale for £2,560,000. Included in the sale is the business itself, as well as a four bedroom home located above the shop and an observation gallery that boasts "undisturbed" views of the Solent.

Benzie has built a strong reputation over the past 168 years, creating the gold chain worn by the mayor of Cowes, as well as high class silverware used by the Royal Yacht Squadron. The jeweller has also been responsible for creating ornate models of ships such as the famous yacht Endeavour for prestigious clients such as Thomas Sopwith in 1934.

The shop's reputation within the world of yachting is expected to draw attention from around the globe, placing the new owner in the perfect position to hit the ground running and capitalise on this publicity from the moment they're handed the keys.

A spokesperson for the jewellers stated that it was time for the business, which is currently enjoying "fair winds", to be handed over to someone new. "Benzie of Cowes is looking for a new skipper, to drive the business forward," he said.

"With patronage from royalty and some of the world’s most iconic sailors, the business offers an anchor in the town of Cowes, known to be the yachting capital of the world," he continued

"The new voyage of Benzie of Cowes has begun, with a mission to find a new skipper to navigate her business fortunes further."


Share this article



Latest Businesses for Sale

Country & Equestrian Footwear
Herefordshire, UK Wide

The business is open as and when required. The business is owner run and managed. Well-established country and equestrian footwear business. The business was established by our clients` in 1986 and is only now being offered to the market as our clien...

Asking Price: Offers Invited
Turnover: £323,000

RELOCATABLE


Newsagent with Accommodation
Newmarket, Suffolk, UK Wide

The newsagent has an impressive amount of newspaper rounds with a lot of clients including; The Bedford Lodge Hotel, which is the main hotel in the area and The Jockey Club, one of the main employers in the area. The owner has also updated the shop w...

Asking Price: Offers Invited
Turnover: £431,000

LEASEHOLD


Post Office & Convenience
Newport, Wales, UK

The business is currently run by the owner, 1 other full-time person and 2 part time staff. There is an extensive inventory of fixtures and fittings included in the sale. The shop has been run by the current owners for 17 years and who are now lookin...

Asking Price: £129,995
Turnover: £379,294

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
20
 
Aug
 

EAG construction business snapped up by Elaghmore | BUSINESS SALE

English Architectural Glazing Limited (EAG) has been snapped...

 
19
 
Aug
 

Childcare entrepreneur boosts portfolio with Liverpool acquisition | BUSINESS SALE

The Griffin Nursery, a children’s day nursery in Bootl...

 
15
 
Aug
 

Payroll and HR companies acquired by software group | BUSINESS SALE

IRIS Software Group has finalised the agreement of intent to...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources