Shop for sale

Back Quay, Truro, Cornwall, TR1

£24,950

Property Description

Commercial information

  • Business for sale
  • Use class orders: A1 Shops

Key features

  • Established business
  • Easy to operate
  • Prime location
  • Scope to increase turnover
  • Ideal first businesss

Full description

Tenure: Leasehold

Established Independent Gifts & Gadgets Retailer For Sale In Truro
Ref 2079

Location

This delightful gifts and gadgets retail business is located within 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: £24,950 plus SAV
Turnover: £122,000 pa
GP: (44%)
Stock: £25,000

Leasehold

Original term: 12 years
Remaining: 3 years (renewable)
Reviewed: 4 yearly
Rent: £18,500 pa
Rates: £6,500 pa

Business Description

Veritas Business Sales are delighted to offer for sale this respected Gifts & Gadgets retailer which is located in the City of Truro. The business has been in the careful hands of my client for over 9 years when he originally set up it up from scratch and is reluctantly being offered for sale due other business commitments. 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 only requires the help of 2 part time members of staff and has an annual turnover of £122,000. They retail a fine selection of unique gifts and gadgets for both tourists and locals, young and old and also offer a wide range of jewellery, puzzles, books, Cornish fudge, rock ,tea towels and various electronic gadgets. We believe that there is further potential to increase turnover by opening on Sundays, expanding upon the current product ranges and developing the on-line sales side of the business. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is the only independent gift shop in Truro, 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 - Friday - 10.00am - 4.30pm
Saturday - 9.30am - 5.00pm
Sunday - Closed

Ground Floor

Retail shop comprising: sales counter with shelving, electronic cash register, card machine, printer, display table, glass display cabinet, wooden dresser, various wall mounted display shelving and various free standing spinning display racks
Storeroom with shelving, sink drainer with tea & coffee area and a printer (HP Office Jet 7510)
W/C with hand wash basin

External

Frontage with space for retail displays





Nearest stations

  • Truro (0.7 mi)
  • Perranwell (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Truro

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

01872 490108 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 stations

  • Truro (0.7 mi)
  • Perranwell (4.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

VERITAS BUSINESS SALES LTD, Truro

Truro Office Veritas Business Sales Ltd Central Boulevard, Truro, TR1 1WL

01872 490108 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 2079. 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, Truro. 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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