Licensed Cornish Gifts & Specialist Foods Business For Sale In Falmouth
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 benefitted from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is just a short stroll from the marina and Falmouth has been voted as one of the most desirable places to live in the UK.
Asking Price: £39,999 plus SAV
Turnover: £122,874 net of VAT pa
Stock: Approximately £8,000
Original term: 5 years
Remaining: 3 years
Rent: £10,000 pa
Rates: Zero rated
Veritas Business Sales are delighted to offer for sale this respected Cornish Gifts and Specialist Foods concern which is located in Falmouth town centre. The business has been in the careful hands of our client since 2011 when they set this up from scratch and is now reluctantly being offered for sale so that they can move on to do other things. Since ownership they have continually invested in 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 requires no staff and has an annual turnover of £114,099 and a GP of 35% and only trades for 11 months of the year. The business retails a fine range of products that are all made in Cornwall, many of which are hand made to include, jams, chutney's, biscuits, tea, ales, ciders, wines, salt, local pottery, gift bags & boxes and hampers which is without doubt the best seller. A small percentage of business is done on-line through it's own website which is included within the sale price and we believe that this is where there is huge potential to increase turnover and drive the business forward. 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 passing 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 – Saturday – 10.00am – 5.00pm
Retail shop comprising: various retail display units, large oak table, small metal table, various tall retail display units, sales counter with cash register and a glass counter top fridge (Tefcold).
Store room with fridge (Future), printer, sink drainer and various storage shelving.
W/C and wash hand basin