Prime East Looe Freehold Gift Shop with 4-Bedroom Flat Above
Looe, Cornwall
- Status
FOR SALE
- Date Submitted:
21/12/21
- Advert ID
287976
- Reference
2636 / Rightbiz
- Call Agent:
- Freehold: £549,950
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Freehold Gift Shop Located In East Looe
Freehold Gift Shop Located In East LooeSelf Contained Four Bedroom Flat Above
Ref 2636
Location
This very well established Gift Shop is located in the highly desirable harbour town and fishing port of East Looe in South East Cornwall. Its situated within a prominent and highly visible trading location which brings high levels of footfall to the area and enjoys stunning views across the estuary. The town manages to be trendy and yet remains a great family resort with many restaurants and shops to visit all year round. Looe is 20 miles west of Plymouth and seven miles south of Liskeard, divided in two by the River Looe, East Looe and West Looe being connected by a bridge.
Freehold Asking Price: £549,950 plus SAV (£20,000)
Business Description
Veritas Business Sales are delighted to offer for sale this respected Gift Shop business which is located in East Looe. The business was established by our clients over 50 years ago and is now being offered for sale so that they can enjoy a well deserved retirement..
Since ownership they have refurbished, redecorated and continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included with in 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 Shell Shop is owner operated and employs the help of 2 full time members of staff and for year ending 31st December 2021 will post a turnover of circa £220,000 producing good profits. They retail a wide range of gifts for holiday makers as well as bags, jewellery, jokes and is one of the best stockist of fancy dress outfits in Cornwall. Looe is famous for its New Years Eve fancy dress parties along with many functions during the holiday season. The property comes with a self-contained four bedroom flat above.
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 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 is one not to be missed.
Opening Hours
Monday – Sunday – 9:30am – 6:00pm
Ground Floor
Retail shop area 1 (9.6m x 3.1m) with various shelving, various retail display stands, glass display cabinet and central sales counter.
Retail shop area 2 (5.7m x 3.8m) with various retail display stands and various shelving units.
Retail shop area 3 (7.5m x 3.5m) with various retail display stand and various retail shelving.
Storage room (1.0m x 2.5m) with various shelving.
Accommodation
First Floor
Lounge (4.4m x 3.5m)
Kitchen (2.2m x 3.5m) with fully fitted kitchen, cooker, dishwasher, fridge and washing machine
Bathroom (1.5m x 4.0m) with wash basin, bath/shower and w/c
Dining Room (2.9m x 4.9m)
Bedroom 1 (4.0m x 4.2m) double
Bedroom 2 (2.1m x 3.6m) single
Bathroom 2 with shower, wash basin and w/c
Second Floor
Bedroom 3 (3.3m x 3.4m) double
Bedroom 4 (4.1m x 2.5m) double
Ample Attic Storage
External
Storeroom (5.2m x 4.2m) with various shelving.
W/C
EPC Rating B
Contact Agent
Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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