• ESTABLISHED & HIGHLY REGARDED RETAIL BUSINESS
Price:
Leasehold - £35,000
Location:
Cornwall, Penryn
Business Type:
Commercial Property
• PROMINENT ROADSIDE LOCATION ON THE B3292
• LARGE RETAIL AREA (CIRCA 3,500 SQ. FT.)
• EXTENSIVE STORAGE/OFFICE SPACE (CIRCA 1,600 SQ. FT.)
• EXCELLENT HUSBAND AND WIFE OPPORTUNITY
• TURNOVER FOR THE YEAR ENDING 31 MARCH 2010 OF £354,391
LOCATION
Peter Pan is situated in a highly visible location on Commercial Road on the B3292 the main route into the delightful harbourside town of Falmouth.
THE BUSINESS
Peter Pan has been trading since the early 1970’s and has been in our clients’ ownership for some 6 years. The business is widely acknowledged as one of the county’s foremost suppliers of prams, travel systems, buggies, cots, high chairs, car seats, bedding, nursery equipment and associated baby products from leading brands such as Mamas & Papas, Silver Cross, and Britax.
The business is run on a day to day basis by a number of highly trained and experienced staff, who are overseen by our client and as such the business is readily transferable to individuals with a general business background.
The Accounts for the year ending 31st March 2010 show a turnover of £354,391, producing a gross profit of £115,429, and an adjusted net profit of circa £15,000, after making an adjustment for Directors costs, wages and salaries and costs that are personal to our clients.
The opening hours are currently 10.00 a.m. to 5.00 p.m. Monday to Saturday and 12 noon to 4.00 p.m. on Sundays.
The business is now available owing to our clients increasing family commitments.
SUMMARY
This is an excellent opportunity to acquire one of the region’s most instantly recognisable retail businesses with tremendous potential for taking the business forward.
Peter Pan is situated in a highly visible location on Commercial Road on the B3292 the main route into the delightful harbourside town of Falmouth.
Awaiting verification of Lease terms from the Vendor’s solicitors.
Current passing rental of £24,000 per annum exclusive.
North Yorkshire
£ 750,000
|
|
Business Services that may be of Interest:
|
|
|