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Yacht Chandlery And Outdoor Clothing In Falmouth For Sale

Falmouth, Cornwall, UK
Asking Price:
£125,000 Furniture / Fixtures included
Turnover:
£413,678
Net Profit:
Available on request

Leasehold Yacht Chandlery & Outdoor Leisure Clothing business located in Falmouth. Both retail and online sales. Exclusive brands and well established business. Prominent town centre location.

Veritas Business Sales are delighted to offer for sale this respected Yacht Chandlery and Outdoor Leisure Clothing retailer which is based in the harbour town of Falmouth, Cornwall. The business has been established for 84 years and has been in the hands of our clients for the past 16 years. The business is now being offered for sale so that our client can enjoy a well deserved retirement.
Since ownership they have redecorated and invested in new 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. The business is owner operated and employs the help of 2 full time members of staff as well as additional seasonal members of staff and for year ending 31st March 2020 posted a turnover of £413, 678 net of vat with a GP of £163,104 (39.4%). Bosuns Locker has been a major retailer in Falmouth for many years, supplying the boat fraternity as well stocking a large range of very sought after brand names such as Patagonia, Dubarry, Musto, Birkenstock, Helly Hansen, Fjallraven and Paramo, to name but a few. The business also has a strong online presence with the internet sales contributing to approximately 45% of the annual turnover. There has been a large growth in the online side of the business during the last twelve months which has placed the business on a firm footing moving forward.
The business enjoys a 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 for its high quality branded products and excellent customer service. This is a superb opportunity to purchase a solid business with a great track record 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

Lease Terms:

Term: 15 years
Remaining: 8 years
Rent: £20,700 pa
Business Rates: £10,000 pa
(with current government incentives, usually £19,000)
( Rates currently Zero)

Leasehold Rent:

£20,700 per annum

Location:

Veritas Business Sales are delighted to offer for sale this respected Yacht Chandlery and Outdoor Leisure Clothing retailer which is based in the harbour town of Falmouth, Cornwall. The business has been established for 84 years and has been in the hands of our clients for the past 16 years. The business is now being offered for sale so that our client can enjoy a well deserved retirement.
Since ownership they have redecorated and invested in new 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. The business is owner operated and employs the help of 2 full time members of staff as well as additional seasonal members of staff and for year ending 31st March 2020 posted a turnover of £413, 678 net of vat with a GP of £163,104 (39.4%). Bosuns Locker has been a major retailer in Falmouth for many years, supplying the boat fraternity as well stocking a large range of very sought after brand names such as Patagonia, Dubarry, Musto, Birkenstock, Helly Hansen, Fjallraven and Paramo, to name but a few. The business also has a strong online presence with the internet sales contributing to approximately 45% of the annual turnover. There has been a large growth in the online side of the business during the last twelve months which has placed the business on a firm footing moving forward.
The business enjoys a 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 for its high quality branded products and excellent customer service. This is a superb opportunity to purchase a solid business with a great track record which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Premises Details:

Ground Floor
Retail area (10.9m x 9.5m) comprising: various clothing display units, various hanging rails, sales counter, 2 EPOS cash registers, PC server for the EPOS system in the office, CCTV monitor and cameras, various bespoke display units, changing room and wooden flooring.
Storeroom/Kitchen area (7.8m x 3.0m) comprising: various shelving, sink, fridge, base units, boiler and shelving.
Office (2.9m x 2.4m) comprising; desk, chair, various shelving, printer and scanner.
W/C (1.5m x 1.0m)

External
Gas bottle storage area.

Energy Performance Rating:
E

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 9.00am – 5.30pm Sunday – 11.00am – 4.00pm

Years established:
84 years

Contact Veritas Business Sales

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