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Commercial Property for sale

The Arcade, St Mawes

Under Offer £110,000

Property Description

Key features

  • ESTABLISHED AND SUCCESSFUL DELICATESSEN BUSINESS
  • SOLD AS A GOING CONCERN
  • EXLUSIVE COASTAL VILLAGE LOCATION
  • VISUAL CENTRAL VILLAGE SITUATION JUST OFF THE WATERFRONT.
  • EXCELLENT TURNOVER AND PROFITS
  • GOOD LOCAL REPUTATION
  • TRIP ADVISOR CERTIFICATE OF EXCELLENCE
  • SET AT A REALISTIC PRICE.

Full description

A lucrative and well-established delicatessen business sold as a going concern, located in a visual position in this exclusive coastal village.


Expansion Potential  
Trading hours, seasonal opening, stock, use of Unit 2. Marketing. Advertising.

Years Established: 10. 

Food Hygiene Rating : 5. 

Trip Advisor : Certificate of Excellence. 

Small Business Pension Scheme 
Our client has enrolled and paid to be compliant with government regulations.

Notice 
Every effort has been made with these details but accuracy is not guaranteed and they are not to form part of a contract. Representation or warranty is not given in relation to this property. All negotiations must be with H Tiddy. Before proceeding to purchase, buyers should consider an independent check of all aspects of the property.

The Business 
The Deli has a reputation for its excellent made-to-order sandwiches as well as hot savouries including Cornish pasties, all from locally sourced produce. 'Delicatesse' in French means delicious things to eat! It also has a reputation in selling an extensive range of fine wines, both from local vineyards as well as worldwide. It has a trip advisor Certificate of Excellence. The business rents two units in the Arcade, the second currently used as a preparation / store room. Unit 2 could be utilised further to open for customers depending of the ideas of the incoming buyers. Producing an excellent turnover on an affordable rental lease, providing excellent pre-tax profits, this realistically priced business will suit the single person or couple yearning to trade in this beautiful part of the world!

Location summary (distances and times are approximate) 
Truro: 10 miles via car ferry. Falmouth: 25 minutes by passenger ferry or 15 miles by car ferry. Newquay Airport: 29 miles with flights to London Gatwick (70 minutes), and Manchester (80 minutes). St Austell: 15 miles with London Paddington 4 hours by rail. Plymouth: 58 miles. Exeter: 97 miles.

Leasehold Rent  
For Unit 1 : £3,800 per annum or equal monthly instalments of £316-67. For Unit 2 : £2,300 per annum or equal monthly instalments of £191.67. Total: £6,100 per annum or instalments of £508.34 payable on the 1st of each month.

Land Registry Title 
Unit 1: CL315610 and Unit 2: CL315611.

Rates Payable 
Unit 1: zero. Unit 2: £85 (year end 2016) and £177 (year end 2015).

Turnover 
Circa £163,000 (y/e 2016).

Current Trading Hours 
9am to 5pm 7 days a week from the 2nd week in March to the last week in September.

Current Staff 
Two full time seasonal and one part time in peak season.

Current Stock 
Circa £5,000 (to be taken at valuation upon completion).

Main Fixtures (included in the asking price) 
Unit 2: Turbofan baking & roasting oven, Jet convection / grill microwave, chest freezer, display upright fridge, larder fridge & Tefcold under counter fridge, ice cream glass cover, chest fridge, worktop & sink. Unit 1: 2 display cabinets with service counter, further display & warming cabinets, meat slicer, till, Cumo coffee maker, worktop, sinks.

Leases and Accounts 
The leases and trading accounts are available for inspection at our offices in St Mawes and will be made available subsequent to a viewing and an interest to purchase.

Value Added Tax 
All the above figures are quoted exclusive of VAT where applicable.

Services 
Mains water, electricity and drainage. Telephone point.

Energy performance certificate rating. 
Exempt due to the leasehold premises being below 50msq.

St Mawes 
This enchanting south facing harbour village is found on the eastern side of the Fal Estuary, in an Area of Outstanding Natural Beauty, with much of its surroundings owned by the National Trust. The village is centred round its quaint harbour, its own beaches and Castle. It has a good wide range of amenities, which are open all year, including butchers, bakers, convenience store, post office / newsagent, doctors, hairdressers, dentist, pharmacy, village hall, church, delicatessen and clothing shops including Fat Face. The village also has two public houses, and an excellent range of cafes, restaurants, art galleries, gift and ice cream shops. St Mawes has long been one of the West Country's more desirable and exclusive destinations, with Olga Polizzi's Hotel Tresanton and the recently re-modelled Idle Rocks Hotel both luring the rich and famous. The village has superbly varied and accessible sailing waters and an active sailing club with a full programme of village...

Tenure 
Leasehold: on going lease dating back to 18th September 1995. Current 8 year leases dated 31 March 2015 with rent reviews in 2018 and 2021.

DESCRIPTION 
Privately owned and run by our clients for around 10 years, this thriving business has a strong following of both local and tourist customers. They choose to close the business from the beginning of October through to the second week in March each year, so potential exists to increase turnover by extending the season. For instance, the village can be very busy over the festive Christmas / New Year break. The business operates 7 days a week between 9am ? 5pm, and extra trade can be obtained by opening in the evenings especially during the peak summer season.

The accommodation comprises  
Main Deli; Preparation / Storeroom;Display Cabinets ;Communal WC; Dustbin Areas.

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