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Freehold Gift Shop Located In East Looe For Sale

East Looe, Cornwall, UK
Asking Price:
£549,950 Furniture / Fixtures included
Sales Revenue:
£220,000
Cash Flow:
Available on request

Freehold Gift Shop Located in East Looe. Established business. Prominent town centre location. Comes with a self contained four bedroom flat above.

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.

Property Information

Property:

Freehold

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.

Premises Details:

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

Energy Performance Rating:
B

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Sunday – 9:30am – 6:00pm

Years established:
50 years

Other Information

Inventory / Stock value:
£20,000

Contact Veritas Business Sales

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