The property alone can be purchased for £349,000
Freehold Independent Surf Clothing/Equipment & Hire located in Newquay. Prominent town centre location. 5,000 Instagram followers.
Veritas Business Sales are delighted to offer for sale this respected Surf Clothing, Equipment & Hire business which is located in the Cornish seaside town of Newquay. The business was established in 1988 and has been in the careful hands of our client for the last 14 years. Reluctantly the business is now being offered for sale due to other business commitments needing their full attention.
Since ownership they have completely refurbished, redecorated and continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated with the help of 4 full time and 1 part time members of staff and for year ending 31st May 2021 posted an annual turnover of £373,423 net of vat with a (54%) GP. Sunset Surf retail surfboards, bodyboards, paddleboards, wetsuits, and hardware and sell some of surfing's major brands including Fourth Surfboards, Softech surfboards, C-Skins wetsuits amongst others. The business also includes a rental business for all related surfing products and has a state of the art web site/booking system for that side of the business. Also with the business comes an independent organic clothing brand called Sunset. The Sunset brand was created and designed by the present owner.
We believe that there is further potential to increase trade should you wish, by opening in the evening especially during the summer months. This is something that the owners have never done before and would undoubtedly be a huge success. The business enjoys a very strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.
