Leasehold Home Furniture & Gift Store Located In St Ives

Leasehold Home Furniture & Gift Store Located In St Ives
Prime High Street Position
Ref 2880

Location
This very popular Home Furniture & Gift Store is located in the stunning Cornish town of St Ives. Situated within a prominent and highly visible trading position opposite CO-OP Convenience store. The town has a number of complementary independent retailers along with National Blue Chip retailers and enjoys high levels of footfall and tourism, especially during summer months. St Ives the dazzling jewel in Cornwall's crown and offers above average levels of sunshine, a picturesque fishing harbour and seaside town voted the best holiday destination by Coast magazine. One of TripAdvisor's top 10 European beaches.

Asking Price: £19,950 plus SAV (£40,000)

Business Description
Veritas Business Sales are delighted to offer this well respected Homeware & Gift Store which is located in St Ives. The business was established by our clients in2017 and is now being offered for sale so that so that they can concentrate on their other business interests.
Since ownership they have redesigned, refurbished, redecorated and continually invested in new display equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Sands Cornwall is owner operated with the help of 3 part time members of staff and has an annual turnover of circa £150,000. The business retails a superb selection of homeware, furniture, gifts, lighting, rugs, blankets, cushions, frames, mirrors, artwork, kitchenware, candles, accessories, mattresses, beds and bedroom furniture. They are stockists of some of the biggest brands in the industry, including (Kate Loxton, Bentley Designs, Blomus, Broste, Love Liga, Rader Designs, Pacific Lifestyles, Joma Jewellery) amongst others. A well designed and popular website is also included within the sale price.
We believe that there is further potential to increase trade should you wish, by expanding upon the current opening times and opening in the evenings during the extremely busy summer months. The business already enjoys a strong reputation within the local community and beyond for quality of the products and as such has a high level of regular repeat trade along with many visiting tourists. This is a superb opportunity to purchase a business with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – Sunday – 10:00am – 5:00pm

Leasehold
Term: 9 years
Remaining: 5 years
Rent: £13,000 pa
Rates: £1,700 pa

Ground Floor
Front retail area (10.4m x 5.2m) comprising: sales counter, computerised till, various rotary display stands, various bespoke display stands and various shelves. Rear retail area (2.8m x 3.1m) with various display stands and shelving.
Kitchenette (1.5m x 2.0m) with sink drainer, kitchen wall & base units.
W/C with wash basin.
Storeroom 1 (2.0m x 3.1m) with various shelves.
Storeroom 2 (3.0m x 1.5m) with various shelves.

EPC Rating C