Shop for saleCornwall
Offers in Region of
- Business for sale
- Use class orders: A1 Shops and A4 Drinking Establishments
- Established business
- Niche business
- Ideal bolt on business
- Training provided
Established Wine Merchant In Cornwall For Sale
This delightful business is located on a main through road and prominent position in Cornwall.
Asking Price: £99,950 plus SAV
Original term: 10 years
Remaining : 1 year (New lease available)
Rent: £10,000 pa
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.
Monday - Saturday - 10.00am - 6.00pm
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
Office with desk and various shelving
Side carpark for (6)
Outside terrace with on-licence
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