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• AN ESTABLISHED GENERAL JEWELLERY BUSINESS SITUATED CLOSE

Price:
Leasehold - £29,950
Seller Ref:
b34880
Location:

Cornwall, Polperro

Business Type:

Commercial Property, Retail businesses

See Other:
Jewellers for sale in Cornwall
Retail space for sale in Cornwall
Retail businesses for sale in Cornwall
Commercial property for sale in Cornwall
Description:
THE BUSINESS:
•ONE OF CORNWALL’S MOST SELECT AND POPULAR WATERSIDE VILLAGES
•RETAIL SALES AREA OF APPROXIMATELY 450FT²
•AVERAGE SALES FOR THE LAST 3 YEARS APPROACHING £100,000 P.A.
•AVAILABLE FOR SALE DUE TO OTHER BUSINESS COMMITMENTS
THE PROPERTY

Cornish Gold occupies the ground floor of a stone built property with 2 attractive small paned bay windows. The retail sales area offers approximately 450ft² including a number of glazed display counters and cabinets.

THE BUSINESS

Our clients have traded the jewellery business since 2004 and specialise in the sale of a range of silver, gold and pewter jewellery and gifts. The last 3 financial years have produced average sales approaching £100,000, resulting in an average adjusted net profit in excess of £20,000, before loan interest, Directors remuneration and depreciation. Further accounting information will be made available to prospective purchasers subsequent to a viewing appointment.
Location Details:
Situated in South East Cornwall, Polperro is arguably one of the county’s most picturesque villages and therefore sees a great number of visitors all-year-round. The village is well-known for its horse drawn carriages and trams which ferry visitors to and from the harbourside, whilst many people decide to walk down into the village, allowing them to peruse the sites and retail outlets.
Lease Terms:
20-year full repairing and insuring Lease commenced 12 March 2004 with a current passing rental of £12,000 p.a., and a 5-year rent review pattern.
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