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Shop for sale

Pydar Mews, Truro, Cornwall, TR1

£10,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Well established
  • Only Independent leather goods retailer in Truro
  • Prime location
  • Easy to operate
  • Ideal starter business
  • Reduced for a quick sale

Full description

Tenure: Leasehold

Retail Handbags, Leather Goods & Accessories Business For Sale In Truro
Ref 2016

Location

This delightful Handbags , Leather Goods & Accessories retail business is located in a prominent position in Truro town centre close to the Cathedral and shoppers' car parks. Truro is the hub and capital of the county and an ever expanding town with further expansion plans in both the east and west of the city. This small city is vibrant and enjoys many visiting tourists and boasts a string of blue chip retailers .

Business information

Asking Price: 10,000 plus SAV
Turnover: 40,000 pa
Stock: 4,500

Leasehold

Original term: 6 years
Remaining: 9 months (renewable)
Reviewed: 3 yearly
Rent: 9,000 pa
Service charge: 1,500 pa
Rates: 152.46p pa

Business Description

Veritas Business Sales are delighted to offer for sale Cascade who are the only independent leather shop in Truro. The business has been established for over 20 years and has been in the careful hand of my clients for the last 5 years and is reluctantly being offered for sale due to them having to relocate. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and does not require any staff and has an annual turnover of 40,000. They retail handbag, purses, wallets, travel bags, and brief cases and are stockists for exclusive ranges such as Tula, Mywalit, The Healthy Back Bag, Smith & Canova, Rowallan and have recently introduced Hansson from Denmark, Cats from Spain and Gianni Conti and Fontanelli from Italy. We believe that there is further potential to increase turnover by opening on Sundays and maybe adding to the current ranges. 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 many visiting 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 - 8.00am - 4.00pm

Ground Floor

Retail shop comprising: display cabinets, shelving and card machine

First floor

Retail area with display shelving





Map & Street View

Disclaimer - Property reference 2016. 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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