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Shop for sale

Cornwall

Offers in Region of £99,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops and A4 Drinking Establishments

Key features

  • Established business
  • Profitable
  • Niche business
  • Ideal bolt on business
  • Training provided

Full description

Tenure: Leasehold

Established Wine Merchant In Cornwall For Sale
Ref 2005

Location

This delightful business is located on a main through road and prominent position in Cornwall.


Business information

Asking Price: 99,950 plus SAV
Turnover: 353,417
GP: 81,664
Stock: 65,000

Leasehold

Original term: 10 years
Remaining : 1 year (New lease available)
Rent: 10,000 pa
Rates: zero

Business Description

Veritas Business sales are delighted to offer for sale this respected Wine Merchant concern which is located in Cornwall. The business has been established since 1973 and has been in the careful hands of our client for the last 7 years and is reluctantly being offered for sale to pursue other interests. Since ownership there has been continual investment in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price which means that any new purchaser will not need to spend any additional funds for some time. The business can and has previously been operated under management in the past but is now owner operated and only requires the help of 1 part time member of staff. The annual turnover is 353,417 with a GP 23% and the business stocks a fine range of specialist wines from all over the world and supplies to Michelin starred restaurants, bistros, wine bars and other wine merchants but approximately 75% of turnover is sold trough the retail showroom. We believe that there is further potential to increase trade by expanding upon the wholesale side of the business as this represents only a small part of the business model and there is also an on-licence held which would also allow for this to operate as a wine bar, should you wish. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade and of course benefits from many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon. A quick sale would benefit from the added Christmas trade which accounts for approximately 20-25% of the annual turnover and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Monday - Saturday - 10.00am - 6.00pm

Ground Floor

Retail comprising: sales counter with cash register, various wine display racks, glass wine display cabinets x 3, oak barrels x 5, settee, upright drinks fridge and a small fridge.
Warehouse comprising: racking and large area for wine storage.
W/C and wash basin
Kitchen with sink drainer and fridge.
wire shelving unit

First Floor

Office with desk and various shelving

External

Side carpark for (6)
Outside terrace with on-licence


Map & Street View

Disclaimer - Property reference 2005. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by VERITAS BUSINESS SALES LTD, Truro. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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