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Retail Business Located In Falmouth For Sale

Falmouth, Cornwall, UK
Asking Price:
£24,999 Furniture / Fixtures included
Turnover:
£150,000
Net Profit:
Available on request

Retail Business located In Falmouth. Prime high street position with views of the marina.

Veritas Business Sales are delighted to offer for this Retail Business which is located in Falmouth. The business has been established for over 10 years within the town but moved to this trading position 18 months ago. Reluctantly this is now being offered for sale due to unforeseen personal circumstances.
Since ownership they have redecorated and invested in new equipment along with fixtures and 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. Barny Browns is owner operated and employs the help of 2 part time members of staff and has an annual turnover of circa £150,000. They retail a wide range of products from locally made jewellery, plants, educational toys, homeware, bath products and hand bags.
We believe that there is further potential to increase trade should you wish by expanding upon the current on-line presence. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular local 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.

Property Information

Property:

Leasehold

Lease Terms:

Original term: 10 years
Remaining: 6 years
Rent: £9,600 pa
Rates: £5,900 pa

Leasehold Rent:

£9,600 per annum

Location:

This delightful Retail business is located in the vibrant harbour town of Falmouth. The business is positioned on the main street in the heart of the town centre with stunning sea views and only a short walk from the marina and Maritime Museum. Falmouth offers a variety of blue chip and niche independent retailers and has benefited from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Premises Details:

Ground Floor
Retail area (12.3m x 4.8m) with various retail display stands and various wooden display units.
Rear retail area (4.9m x 3.1m) with various retail display stands.
Office (2.0m x 2.5m) with desk with chair, computer with key board and screen, printer (Xerox), filing cabinet, and various shelves.

Basement
Retail area (9.5m x 4.5m) comprising: various retail display units and point of sale, feature spiral staircase in the centre of the room leading from the basement to the ground floor.

Energy Performance Rating:
C

Business Operation

Trading hours:

Monday – Saturday – 10:00am – 6:00pm
Sunday – closed

Other Information

Inventory / Stock value:
£10,000

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