Freehold Leather Goods Retailer Located In Looe For Sale
Stunning Grade II Listed Property
Property Only Can Be Purchased
This outstanding leather goods retail outlet is located in the desirable harbour Town and fishing port of Looe in South East Cornwall. Its prominent and highly visible location gives easy access to the many visiting tourists and enjoys stunning views across the estuary. The town manages to be trendy and yet remains a great family resort with many different restaurants and shops to visit all year round
Asking Price: £128,000
Gross Profit: £34,444 (57.37%)
Business rates: £133
Veritas Business Sales are delighted to offer for sale this stunning freehold leather goods business which is located in the desirable town of Looe in Cornwall. The business has been established for over 40 years and has been in the careful hands of our clients for the past 13 years. Reluctantly the business is now being offered for sale to pursue other interests. Since ownership they have 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. The business is owner operated and employs the help of 4 part time members of staff depending on the time of year and has an annual turnover of £60,034 with a gross profit of £34,444 (57.37%). Riverside leather retails a fine range of quality leather goods ranging from handbags, holdalls, satchels, belts, purses, hats and jackets. However the property can be purchased without the business should you wish. We believe that there is further potential to increase turnover by introducing a website for online sales and implementing an advertising and marketing campaign. 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 along with 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.
Monday - Sunday - 11.00am - 4.00pm
July - October
Monday - Sunday - 10.00am - 5.00pm
Retail area comprising: Slat wall displays on walls with hangers, sales counter, electronic cash register (Casio), chair, large mirror, various retail stands, wooden chest, 7 wooden display tables, various shelves and original painted walls.
Store room with various shelving
W/C with hand wash basin, sink drainer, microwave, kettle and various shelving.
EPC Rating C