Established Leasehold Fish Mongers Located In Looe and Liskeard For Sale
This outstanding Fish Mongers is located in the desirable harbour Town and fishing port of Looe in South East Cornwall. Its prominent trading position gives easy road access and stunning views across the estuary. The town manages to be both trendy and yet remains a great family resort with many different restaurants to sample the freshest Cornish fish supplied by this renowned and famous fishmongers.
Asking Price: £114,950 plus SAV
Gross Profit: £137,094
Business rates: Zero rated
Veritas Business Sales are delighted to offer for sale this famous and established fish mongers which is located in the desirable town of Looe in Cornwall. The business was established in 1946 and has been in the careful hands of my clients since the 1980’s. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually invested in new 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 very much owner operated and only requires the help of 1 full time, 1 part time and 2 seasonal members of staff in (Looe) with (Liskard) requiring no staff at all and the combined annual turnover is £397,060 with a gross profit of £137,094. The business supplies the freshest Cornish fish and shell fish to the general public, many of the finest restaurants and also by mail order (next day delivery). Most of their fish is line caught from sustainable stocks, fished using traditional methods in harmony with the environment. Pengelly’s is renowned within the trade Nationally and has appeared on numerous television programs and featured in many news paper articles. We believe that there is further potential for expansion as the old delicatessen shop on the quay in Looe is currently used for storage and with its prominent position could easily be re-opened to retail. The Liskeard shop is currently only open two days a week which could easily be increased giving further potential. The business enjoys a very strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. 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.
Monday – Saturday – 8.30am – 4.00pm
Sunday – 10.00am – 4.00pm
Lease term: 3 years (Rolling)
Rent: £6,500 pa
Shop area comprising: large stainless steel chilled fish display cabinet, stainless steel table, 2 sets of scales, various display boards, large oak dresser, various shelves, vacuum pack machine, TV monitor (Luxor), electronic till.
Store room with 2 walk in freezers, commercial sink with draining board and various mops and buckets.
Filleting room with stainless steel table, various chopping boards and shelving.
The Delicatessen/Store Room
Shop comprising: 2 chest freezers, small box freezer, upright freezer, refrigerated display counter, six burner cooker, water boiler and various shelving units.
Rent: £3,500 pa
Rates: £800 pa
Thursday & Friday only – 8.30am – 4.00pm
Original lease term: 10 years
Remaining: 7 years
Rent: £3,000 pa
Shop area comprising: stainless steel refrigerated display counter, 2 stainless steel tables, electronic cash register, various shelving, stainless steel upright fridge, chest freezer and sink with draining board.