Hardware And Homewares Store For Sale In Lovely South East Cornish Town | | Torpoint Cornwall | | Massive long established two storey hardware / diy / homewares business with timber store and 2 storey accomodation. Freehold for sale. Room for expansion and opportunity to increase already thriving business with very good turnover which is ever increasing. Freehold to buy Hardware And Homewares Store For Sale In Lovely South East Cornish Town is located in Cornwall. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 28958
ADVERT IMPRESSIONS : 21,621 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Household Goods | | SALE: | Private Sale | FREEHOLD: | £295000 | LEASEHOLD: | £120000 | ANNUAL RENT: | £18000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Business has been established in the main street of large South East Cornwall town for decades. Current owners have been there for two years but have found the business too busy for them to deal with as they have other work interests. This is a huge investment possibility whichever way you look at it, whether you want to run it as a shop or develop the building it is a bargain overlooking the river Tamar and Devonport Dockyard! Approximate turnover £220,000, accounts for 2010 / 11 with accountant at present but should show turnover slightly higher than that. There is no local competition, there are no sheds selling hardware goods within 30miles and no houseware shops in the vicitinity. The shop covers a wide range of products and there is opportunity to either enlarge or decrease a range as you see fit depending on where you want to pitch the business. Areas of products that are covered as Hardware, Diy, Tools, Gardening, Pet Products, Timber, Homewares, Electrical goods, Key Cutting, Dry Cleaning and Shoe Repairs amongst other seasonal items. The shop also has a large fishing section which is a recent successful addition. The shop employees six part time members of staff, two people at least on shift at any one time due to size of shop. Would suit couple wanting to run this business as this would decrease the wage bill substantially. The shop trades from 9am til 5. 30pm but again room for expansion in the times as could easily open from 830am til later and on a Sunday if owner is able. The shop has had lots of new shelving, a new till system and lots of renovation. Downstairs is a large storeroom, a huge timber store and a lovely office as well as a cave under the shop for storage, set into the rock face. Accommodation comprises a maisonette above the shop which has a fantastic view over the local river. It has many possibilities as to how to use it, there are four huge rooms so either two bedrooms, a lounge and dining room or three bedrooms and a living room plus a kitchen, bathroom and downstairs toilet. It has a separate entrance to the shop and is completely self sufficient so could be let as it is now to generate an income or lived in by owners. The income and profit margin has been substantially increased over the last two years that the new owners have had it and it is with reluctance that it must go to the market however the owners believed they would be able to run it alongside their other commitments and that is not possible due to the time consuming nature of running an extremely profitable and successful business. Stock to be bought at valuation, approximately £50,000. Picture attached is of whole building, maisonette above with separate entrance, timber store, office and stores down side road. This is a huge building with huge investment potential. | | | | | | FOR SALE | | | | | REFERENCE: | 28958 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
