HIGHLIGHTS:
• Popular North Cornish village location
• Prominently situated between main car/coach park and the Harbour, close to pubs/restaurants, other retail outlets etc.
• Immaculately presented & well equipped shop unit
• Large three bed apartment over - suitable for owners accommodation
• Finance available (subject to status)
BUSINESS:
Established for many years, the business is a popular and inviting retail business located in a prominent central trading position in the village centre, Bridge Walk being a parade of retail businesses on the walk from the main car and coach park through the village down to the picturesque Harbour. The shop had a complete refurbishment in 2005 and is immaculately presented, is air conditioned and offers a welcoming ambience to customers, being well illuminated and thoughtfully designed internally. An additional benefit to this business is the three bedroomed apartment above, suitable for owners accommodation, or possibly for letting purposes
BUSINESS DESCRIPTION :
Centrally and prominently located retail business specialising in the sale of West Country products, predominantly Cornish made, including local confectionery, preserves, rock, biscuits/shortbreads, local beers, wines, ciders, ice creams, soft drinks plus numerous giftware lines/souvenirs.
TENURE:
The business and property are available on a freehold basis
YEARS ESTABLISHED:
Nearly 40 years. The business has been owned by our clients since early 2006.
EMPLOYEES:
Run by the vendor couple themselves primarily with one part time employee in the peak summer season.
TRADING HOURS:
Normal shop hours 6 days per week out of season, 7 days per week in summer with longer trading hours.
SALES REVENUE:
Centrally and prominently located retail business specialising in the sale of West Country products, predominantly Cornish made, including local confectionery, preserves, rock, biscuits/shortbreads, local beers, wines, ciders, ice creams, soft drinks plus numerous giftware lines/ souvenirs.
Turnover for the year ended 31st December 2010 was £126,317 (net) producing a gross profit of 46.9%.
A reconstituted net profit of £46,658 was delivered in the year end 31.12.10.
LOCAL AUTHORITY:
Cornwall Council (formerly North Cornwall District Council)
RATEABLE VALUE:
Rates payable 2009/2010 - £1843.
SERVICES:
Mains water, mains electricity & mains drainage connected. Bottled gas. Telephone
OPPORTUNITIES:
An excellent opportunity to acquire an established, well presented & profitable retail business in this popular North Cornish coastal tourist destination.
REASON FOR SALE:
Retirement
TRAINING:
A reasonable agreed handover period can be negotiated if required.
DESCRIPTION OF PREMISES:
The business is part of a row of retail units in a stone built, traditionally slate hung building. In front of the premises is a wide paved area. The shop is entered by a single glazed door with fully glazed multi paned shop windows to the left.
Retail Shop (11.59m x 4.30m max). A well illuminated and presented shop benefiting from two Neo plasma Air Conditioning units. Well designed internal layout, with purpose built drinks and confectionery display units including central island display unit. Glazed Jewellery display case. Two drinks chiller cabinets. Refrigerated confectionery display counters, ice cream freezer. Counter unit. Electric till unit. Panelled ceiling with inset down lighting. Attractive tiled floor. Door to rear leads to private/storage accommodation. Hand wash basin with hot/cold water at the rear of the shop.
LIVING ACCOMMODATION:
Currently accessed via staircase through rear of shop, although could be made self-contained if required.
First floor - Landing - carpeted. Staircase to 2nd floor
Kitchen/Diner (5.06m x 3.42m)
With range of roll edged work surfaces to 2 walls with inset circular stainless steel single drainer sink unit with mixer tap. Comprehensive range of beech fronted floor and wall units including glass fronted display units. Wall tiling. Plumbing and space for automatic washing machine and dishwasher. Built-in electric oven and hob unit. Multi paned double glazed window overlooking balcony and views over River Valency. Storage cupboard. Spotlighting on tracks. Additional appliance space. Multipaned door to Balcony - a pleasant South facing sitting area offering views over Valency and surrounding countryside
Bathroom (2.38m x 2.57m)
Remodelled and updated under present ownership, now fully wall tiled, suite comprising panelled bath, separate fully tiled shower cubicle, washbasin with illuminated wall mirror over, low flush WC. Heated towel rail. Carpeted.
Lounge (4.23m x 4.38m)
With feature raised open fireplace on brick plinth, with slate surround and complementary alcove plinths. Wall lighting. Multi paned double glazed window overlooking front.
Bedroom 1 (3.74m x 3.50m)
Multi paned double glazed window overlooking front. Currently used for storage.
Second floor - Landing - with built-in wardrobe and folding part-glazed doors.
Bedroom 2 (3.51m x 2.63m)
Radiator. Velux window. Carpeted. Pine entrance door.
Bedroom 3 (7.85m x 2.37m)
Radiator. Velux window. Carpeted. Pine entrance door. Large walk in wardrobe with lighting and radiator. two louvre fronted storage cupboards, one housing Worcester Combi Gas boiler. Dual aspect velux windows. Four eaves storage cupboards. Spotlighting on tracks.
VIEWING:
All viewings to be arranged through Adams & Co, sole agent, on 01752 493002
FINANCE:
Finance is available (subject to status) through Agora Commercial Finance, independent commercial finance brokers, on 01752 405032
FULL PARTICULARS:
Please telephone or email for full particulars
VALUE OF STOCK: Circa £15,000 - depending on time of year.