Educational Toys/Novelty Gifts & Cosmetics Retailer Located In Falmouth

Falmouth, TR11 3DS
£19,995
Business ID:
#2517
£19,995
  • Ref: 2517
  • Type: Retail
  • Availability: For Sale
  • Veritas Categories: Retail
  • Business ID: 2517
  • Commercial Tenure: Leasehold
  • Annual Turnover: 140000
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Property Features

  • Established Business
  • Prominent Town Centre Location
  • Niche Business
  • Ideal Starter Business
  • Further Potential

Full Details

Educational Toys/Novelty Gifts & Cosmetics Retailer Located In Falmouth
Prime Location
Sea Views
Ref 2517

Location
This delightful business is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefited from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is positioned on the main street in the heart of the town centre and only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Asking Price: £19,995 Plus SAV (10,000)

Business Description
Veritas Business Sales are delighted to offer this respected Educational Toys/Novelty Gifts & Cosmetics Retailer which is located in the vibrant harbour town of Falmouth. The business was established by our client 3 years ago and is reluctantly being offered for sale to concentrate on other business interests. Since ownership they have redecorated and continually invested in new fixtures and 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. Since opening Monkey Business has created a real buzz around Falmouth and has already established its self as one of the most popular shops in town. The Business is very much owner operated and employs the help of 1 part time member of staff and is looking at an estimated turnover of £140,000 for its last 12 months with a very healthy GP of around (50%). They retail a fine range of toys, novelty gifts, educational toys, balance bikes, skate boards, scooters, bomb cosmetics, handmade bath bombs and has trading terms with major brands such as Melissa & Doug, Bomb Cosmetics and Sass & Belle. We believe that there is further potential to increase trade by expanding upon their current advertising campaign and developing social media and on-line sales. The business enjoys a strong reputation locally for its high quality merchandise and as such has a high level of regular local trade along with many visiting tourists. This is a superb opportunity to purchase a growing business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Opening Hours
Monday – Saturday – 10.00am – 6.00pm
Sunday – 11.00am – 4.30pm

Leasehold
Original term: 10 years
Remaining: 8 years
Rent: £17,000 pa
Rates: Zero

Ground Floor
Front retail area (3.3m x 5.3m) comprising: serving counter with cash register, large display dresser, various cabinets, various display tables, 2 mobile shelving units, large mirror, ceiling lights, 3 wooden display units and 2 dressers.
Rear retail area (4.3m x 6.3m): comprising various shelving units, 3 portable shelving units, 2 dressers, 2 white wooden shelving units and 2 free standing display units.
Storeroom (1.2m x 3.5m): with sink with drainer and kettle.

Lower Ground Floor
Basement (3.3m x 2.4m) comprising: sink drainer, microwave, dresser, various shelving, computer, key board and monitor
Door to car park
W/C and wash basin

External
Rear parking for (2)
EPC Rating E