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Leasehold Fish Mongers Merchants Located In Looe For Sale

Cornwall, UK
Asking Price:
£99,950 Furniture / Fixtures included
Turnover:
£671,398
Net Profit:
£100K - £250K

Leasehold Fish Mongers/Merchants Located In Looe & Liskeard. Taste Of The West Awards (Gold Medal Winner). Established and famous business. Highly profitable.

Veritas Business Sales are delighted to offer for sale this famous and established Fish Merchant/Mongers which is located in the desirable town of Looe in Cornwall. The business was established in 1946 and is renowned for its superb quality and assortment of fish and seafood. Our clients purchased the business 3 years ago and are now offering it for sale due to them wishing to relocate.
Since ownership they have continually invested in new 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 very much owner operated and only requires the help of 1 full time and 3 part time staff members as well as seasonal extras and the combined annual turnover for year ending 31st march 2021 was £671,398 net of vat with a gross profit of £426,969 (64%) and achieving a very high net profit.
The business supplies the freshest Cornish fish and shell fish to the general public, many of the finest restaurants and also by mail order (next day delivery). Most of their fish is line caught from sustainable stocks, fished using traditional methods in harmony with the environment. Pengelly’s is renowned within the trade Nationally and has appeared on numerous television programs and featured in many newspaper articles. Pengelly’s has also set up a new state of the art on-line business making sure they keep up with their customers expectations and needs.
We believe that there is further potential for expansion in the new and ready to launch cookery school, paid for by the present owners and is to use or rent by the new owners. The Liskeard shop is currently open three days a week which could easily be increased giving further potential. 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. 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 as this gem is not to be missed.

Property Information

Property:

Leasehold

Location:

This outstanding Fish Merchants is located in the desirable harbour town and fishing port of Looe in South East Cornwall. Its prominent trading position gives easy access and stunning views across the estuary. The town manages to be trendy and yet remains a fantastic family resort with many different restaurants to sample the freshest Cornish fish supplied by this renowned and famous fishmonger/merchants. The second site is located in Looe.

Premises Details:

Looe
Opening Hours
Monday – Saturday – 8.30am – 4.00pm
Sunday – 10.00am – 4.00pm
Lease term: 3 years (Rolling)
Rent: £7,342 pa
Rates: Zero
Shop/Retail (4.6m x 4.2m) comprising: large stainless steel chilled fish display cabinet, stainless steel table, 2 sets of scales, various display boards, large oak dresser, various shelves, vacuum pack machine, TV monitor (Luxor), electronic till and multi deck display chiller.
Storeroom (2.0m x 2.0m) with 2 walk in freezers, commercial sink with draining board and various mops and buckets.
Filleting Room (1.5m x 2.0m) with stainless steel table, various chopping boards and shelving.
EPC Rating B
Cookery School (4.3m x 4.8m) comprising: dual sink with directional hose, wash basin, fish prep sink, oak prep counter with under counter cupboards, 2 cookers with ceramic hobbs, and under counter cupboards, 2 extractors (NEFF), upright stainless fridge (Foster), oven, 40” TV (Panasonic) and kettle (Bosh).
Rent: £4,134 pa
Rates: £1,000

Liskeard
Opening Hours
Thursday & Friday only – 8.30am – 4.00pm
Original lease term: 10 years
Remaining: 3 years
Rent: £3,750 pa
Rates: Zero
Shop/Retail area comprising: stainless steel refrigerated display counter, 2 stainless steel tables, electronic cash register, various shelving, stainless steel upright fridge, chest freezer and sink with draining board.

Other Information

Inventory / Stock value:
£5,000
Related Documents:

Contact Veritas Business Sales

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