Yacht Chandlery & Outdoor Leisure Clothing Retailer Located In Falmouth

Well-Established Yacht Chandlery And Outdoor Leisure Clothing Retailer Located In Falmouth
Oldest Leisure & Chandlery In The Country
Prime Town Centre Location
Ref 2543

Location
This well-established Yacht Chandlery and outdoor Leisure Clothing Retailer is located in the vibrant harbour town of Falmouth which offers a variety of blue chip and niche independent retailers and has benefited from significant investment in recent years in its commercial and residential infrastructure along with Falmouth University. The business is positioned on the main street in the heart of the town centre only a short walk from the marina and Maritime Museum. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Leasehold Asking Price: £99,000 plus SAV (To Be Negotiated)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Yacht Chandlery and Outdoor Leisure Clothing retailer which is based in the harbour town of Falmouth, Cornwall. The business has been established for 84 years and has been in the hands of our clients for the past 16 years. The business is now being offered for sale so that our client can enjoy a well deserved retirement.
Since ownership they have redecorated and invested in new fixtures and 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 and employs the help of 2 full time members of staff as well as additional seasonal members of staff and for year ending 31st March 2020 posted a turnover of £413, 678 net of vat with a GP of £163,104 (39.4%). Bosuns Locker has been a major retailer in Falmouth for many years, supplying the boat fraternity as well stocking a large range of very sought after brand names such as Patagonia, Dubarry, Musto, Birkenstock, Helly Hansen, Fjallraven and Paramo, to name but a few. Included in the sale are all the online assets including Bosunslockerchandlery.co.uk, lifesbetteroutdoors.co.uk and the eBay and Amazon accounts. The business has a strong ecommerce presence with online sales contributing to approximately 45% of the annual turnover. There has been a large growth in the online side of the business during the last 3 years and in particular, the last 18 months which has placed the business on a firm footing moving forward. 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 for its high quality branded products and excellent customer service. This is a superb opportunity to purchase a solid business with a great track record which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday – Saturday – 9.00am – 5.30pm
Sunday – 11.00am – 4.00pm

Leasehold
Term: 15 years
Remaining: 8 years
Rent: £20,700 pa
Business Rates: £10,000 pa
(with current government incentives, usually £19,000)
( Rates currently Zero)

Ground Floor
Retail area (10.9m x 9.5m) comprising: various clothing display units, various hanging rails, sales counter, 2 EPOS cash registers, PC server for the EPOS system in the office, CCTV monitor and cameras, various bespoke display units, changing room and wooden flooring.
Storeroom/Kitchen area (7.8m x 3.0m) comprising: various shelving, sink, fridge, base units, boiler and shelving.
Office (2.9m x 2.4m) comprising; desk, chair, various shelving, printer and scanner.
W/C (1.5m x 1.0m)

External
Gas bottle storage area.

EPC Rating E