Retail Property (high street) for sale

Cameo Jewellers, High Street, Wick, Caithness, KW1

Offers Over £110,000

Property Description

Commercial information

  • Business for sale

Full description

DESCRIPTION
Situated in the town of Wick, Cameo Jewellers enjoys a year-round, strong and loyal local customer base plus tourists who visit this area in the summer months. With a prominent trading situation, the shop is adjacent to other popular retail units which generates a high footfall. The business presents a simple trading model selling sourced jewellery and providing a range of maintenance services including watch battery fitting and engraving. Watch battery fitting is a popular service provided at the shop and it is something that a new owner could be trained to do if necessary. It is a lucrative part of the business and brings a good level of clientele into the shop. Key to its success is the quality of service and the range of stock on offer. This thriving business generates a sound level of turnover with attractive profit conversion ratios.

The current owners have operated the business since 1984 and built up a solid business. It is their desire to retire that brings this charming opportunity to the market. The vendors are keen to see their endeavours endure and therefore they are willing to provide a significant period of mentoring to enable new owners to hit the ground running. The business has two part-time staff each working an average of 2.5 days a week.

LOCATION
The population of Wick is c7500 but with a much broader catchment area. Tourism is one of the main sources of income to the area in the main season being highly popular with walkers, cyclists, ornithologists, archaeologists and anglers. The Old Pulteney distillery (the most northerly mainland distillery) is a popular attraction as is the active harbour and the 18-hole golf course. In terms of infrastructure the town is very well supported and benefits from excellent primary and high schooling, welfare and medical facilities, leisure resources and communication links with a railway station and airport.

THE PROPERTY
The business is set within a 3-storey property with the shop utilising the ground floor unit and a basement store. The retail aspects are accessed from the main street through a single door. The first floor unit does not form part of the sale. The building is of stone construction under a flat roof. The property has two large timber framed display windows. The business signage to the front is of a good standard.

Internally the sales area is one large unit extending to 47.8m2. 'L' shaped display counters (both glass and timber) show off a good range of stock. The shop has wall-mounted display units and free-standing cabinets. Clocks and other merchandise are displayed on the walls. To the rear of the customer service area is a compact workshop, storeroom and staff facilities extending to c9.8m2. Accessed from a side door the basement provides 18m2 of additional secure storage.

PRIVATE ACCOMMODATION
There is no owner's accommodation with this property.

SERVICES
The unit benefits from mains electricity, water and drainage. The subjects have an alarm system and CCTV cameras. Additional security measures include steel shutters for the windows and doors; both are electrically operated.

TRADE
Cameo Jewellers has an EBITDA for the year ending 2015 of c43,000. Full accounting information will be made available to seriously interested parties subsequent to viewing.

RATES
The businesses rateable value is 4,300 and benefits for 100% rates relief under the Small Business Bonus Scheme 2016.

PRICE
Offers over 110,000 are invited for the freehold interest complete with goodwill and trade contents (according to inventory). The sale includes sufficient tools, fixtures and fittings and contacts to maintain business levels. Stock at valuation.

EPC RATING
The property benefits from an EPC Rating of 'TBC'.

WEBSITE
The business does not presently operate with the use of a website this therefore offers a development prospect.

DIRECTIONS
The business is located on the High Street close to free public car parking.

More information from this agent

Nearest station

  • Wick (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ASG Commercial, Inverness

17 Kenneth Street Inverness IV3 5NR

01463 568016 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Wick (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ASG Commercial, Inverness

17 Kenneth Street Inverness IV3 5NR

01463 568016 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference CameoJewellers. 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 ASG Commercial, Inverness. 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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