Leasehold Wine Retailer Located In Penzance

Leasehold Wine Retailer Located In Penzance
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Ref 2782

Location
This respected Wine retailer & distributor is located in the seaside town of Penzance in the South West of Cornwall. Situated within a prominent and highly visible trading position on Bread Street. Penzance remains one of the County’s most popular holiday destinations, being surrounded by stunning beaches along with many tourist attractions to include St Michael’s Mount, The Minack Theatre and Lands End. The main train line from London to the South West terminates at Penzance giving easy access to commuters from all over the country. The town has a population of circa 21,000 that increases immensely during the summer months.

Leasehold Asking Price: £29,950 plus SAV (£30,000)

Business Description
Veritas Business Sales are delighted to offer for sale this delightful fine Wine retail shop which is located in the Cornish town of Penzance. The business has been established for over 40 years and has been in the careful hands of our clients for the past 9 years. They are now offering the business for sale due to other business interests needing their attention.
Since ownership they have refitted the premises with a complete range of bespoke 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. The business is owner operated with the help of 1 part time member of staff and for year ending 31st October 2021 posted an annual turnover of £171,895 with a GP of £42,791(25%). Mounts Bay Wine Company supply a range of fine wines, Cornish gins, whiskey, specialist beers, ciders, and spirits for all occasions.
We believe that there is further potential to increase revenue as the building is perfect to incorporate a Café/Coffee bar with a kitchen in the large storage area to the side and rear. The business already 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 with further potential which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – Saturday – 11:00am – 5:00pm
Sunday – closed

Leasehold
New New lease available
Rent: £11,910 pa
Rates: Zero

Ground Floor
Retail area (10.5m x 5.1m) comprising: various bespoke wine display units & shelves, custom built sales counter, till, bespoke display cabinets with drawers and ceiling spot lights.
Office (2.3m x 3.7m) with fitted desk, chairs, settee and various shelving.
Storage & stock room area (6.1m x 16.4m) with various shelves, be-spoke wine display stands.
W/C (2.0m x 1.5m) with mirror and wash basin.

External
Parking for (4).

EPC Rating D