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Exclusive Retailer Of Yeti, Carhartt, Patagonia, Mountain Equipment In Cornwall For Sale

Cornwall, UK
Asking Price:
£199,000 Furniture / Fixtures included
Turnover:
£450,000
Net Profit:
£64,000

Retirement Sale. Very lucrative opportunity for little effort.
Falmouth, Cornwall based exclusive geographical retailer of leading outdoors brands such as: YETI, Patagonia, Carhartt, Mountain Equipment, Fjallraven, Henri Lloyd, Mousqueton, Holebrook, Norlender, Bleubird, Gill.
All year around footfall. Very affluent customer base and repeat visitors. Centre for watersports, outdoor activities, beaches and cruise ship visits.

 £450k Turnover Ex VAT
 Strong Profit that can be increased significantly with economies of scale
 Online Sales Growth and opportunity for expansion
 Well established POS/P2P Systems and Business Processes
 Very low to zero shrinkage
 Highly trustworthy and knowledgeable staff
 Outstanding lifestyle location
 Fast and easy acquisition and handover process expected

Property Information

Property:

Leasehold

Lease Terms:

c. 4 years remaining

Leasehold Rent:

£24,000 per annum

Living Accommodation:

none, n/a

Location:

Prime High Street Location, opposite far reaching harbour side sea views and adjacent to two town centre car parks.. Buzzing location with bars, restaurants, other independent shops and multiple harbourside and beach areas within walking distance.

Premises Details:

Large double fronted store in A1 position of high street.
Destination store with large footfall
Separate stockroom, bathroom, kitchenette, and office
Full fixtures and fittings come with sale.
Very low crime area but does have full alarm and fire system

Planning Consent:

n/a

Business Operation

Expansion Potential:

There is huge potential for growth, especially online, where added expertise and investment in the webstore, google algorithms, stock and marketing will reap instant rewards, leveraging the existing industry leading customer satisfaction scores our business has earned through great customer service, pricing and reliable, dependable delivery.

Competition / Market:

No local competition for premium sought after brands we sell as we have obtained geographical exclusivity. However, good alternatives to our product range could include Finisterre, a premium brand retailer of outdoor coastal clothing, from Cornwall.

Reasons for selling:

Retirement sale. We are already in semi-retirement and will happily continue on indefinitely until a sale and handover happens. Business is easy to run and very hands-off with existing staff and provides a good income for limited days a week.

Trading hours:

seasonal but 10am-5pm Mon-Sat and Sundays during peak season

Employees:
2
Years established:
70

Other Information

Support & training:

all required support and training will be provided

Furniture / Fixtures value:
£20,000 - included in the asking price
Inventory / Stock value:
£149,000
Relocatable:
This business can be relocated.