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

Tables, Chairs & Childcare Products to the Hospitality Industry
UK Wide

Products include table tops and bases, highchairs and stools.Operates with over 150 clients, all of whom provide reliable and repeat business.Members of the FIRA trade association.Multiple opportunities for growth.Offers invited.

Asking Price: Offers Invited
Turnover: £1,200,000

LEASEHOLD


DIY & Hardware Products Retailer
UK Wide

Functions as a one-stop shop for all of its clients’ requirements,providing complete solutions.With an average length of service of 12 years, all staff members boast strong levels of knowledge, enabling the business to forge a strong working environm...

Asking Price: Offers Invited
Turnover: £7,300,000

FREEHOLD


Online Retailer of Homeware & Giftware
Lincolnshire, East Midlands, UK

The business offers an online retail service for a wide and varying range of branded homeware, giftware and beauty items of exceptional quality. They specialise in selling British and European brands throughout the world. This is an ideal business op...

Asking Price: £2,100,000
Turnover: £3,500,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Hawkin’s Bazaar enters administration | ADMINISTRATION

Norwich-based novelty toy retailer Hawkin’s Bazaar has...

 
23
 
Jan
 

MBO at Bristol-based media training firm | MBO/MBI

Mentor Media Training has been acquired by lead consultant D...

 
22
 
Jan
 

Chelmsford warehouse management firm bought by software provider | BUSINESS SALE

Chelmsford-based warehouse management solutions provider Min...

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