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Shop for sale

Back Quay, Truro, Cornwall, TR1

£22,500

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Well established
  • Easy to operate
  • Low overheads
  • Profitable
  • Scope for expansion

Full description

Established Glass Engravers in Truro, Cornwall For Sale
Ref 2003

Location

This Glass Engraving business is located in Truro's Pannier Market and has been trading for more than 30 years. The Pannier Market is the largest independent retail outlet in Truro with over 40 independent traders all under one roof, making it a vibrant and welcoming place to shop or meet friends. Truro is the retail and social hub of the county and an ever growing trading centre with further expansion plans in both the east and west of the city.

Business information

Asking Price: 22,500
Turnover: 60,000
Stock: 7,000

Leasehold

Original term: 52 years
Remaining : 10 years
Reviewed: 4 yearly
Rent: 3,900 pa
Service charge: 500 pa
Rates: zero

Business Description

Veritas Business Sales are delighted to offer for sale this well respected Glass Engraving concern which was set up by its previous owner 30 years ago and run by its current owner for the last 25. The business is being offered for sale reluctantly, but my client feels it may now be time to enjoy semi-retirement. Since ownership my client has invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price. The business is owner operated and employs the help of just 1 part time helper and has an annual turnover of 60,000 with a GP of 65%. The business has always specialised in the engraving of glass only. We believe, however, that there is further potential to increase trade by starting to engrave metal products. Inscriptions enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with passing tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours

Monday - Saturday - 9.00am - 5.00pm
Sunday - Closed

Ground Floor

84 sqft market stall with calligraphy engraving machine, sand blasting cabinet, compressor, extraction system, various display units and shelving.



Map & Street View

Disclaimer - Property reference 2003. 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, Solihull. 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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