Retail premises for sale in 20 Kiligrew Street, Falmouth TR11

Offers in region of £49,950 (£66.6/sq. ft)
Retail premises for sale 750 sq. ft*
Interested in this property? Call +44 121 721 9902 * or Request Details

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Property features

  • Thriving newsagents
  • Established business
  • Easy to operate
  • Great reputation
  • Prominent town centre location

Property description

Established Newsagents (With Lottery & Scratch Cards Sales) In Falmouth For Sale
Ref 2095

Location
This successful newsagents is located on one of the main streets which is opposite the bus terminal and just a short walk from the marina and Maritime museum in the vibrant harbour town of Falmouth. The town 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. Falmouth has recently been voted as one of the most desirable places to live in the UK.

Business information
Asking Price: £49,950 plus sav
Turnover: £270,000 net of VAT pa
Paper rounds: 4
Stock: £12,000

Leasehold
Original term: 12 Years
Remaining: 3.5 years
Rent: £8,000 pa
Rates: Zero

Business Description
Veritas Business Sales are delighted to offer for sale this respected Newsagents which is located in Falmouth. The business has been established for over 16 years and has been in the careful hands of my client for the past 13 years and is reluctantly being offered for sale so that they can concentrate on other business ventures. Since ownership they have continually invested in new equipment with the business undergoing a full re-fit along with complete re-wiring within the last two and a half years. Air conditioning was also fitted along with a Jack’s Beans Coffee machine. The fixtures & fittings which are all bought and paid for and are 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 requires the help of 2 part time members of staff and has an annual turnover of £270,000 net of vat pa. Moor News retails a range of products such as newspapers, magazines, confectionery, ice creams, cold drinks, greeting cards, gifts, tobacco, e cigarettes & vape products, stationery and has a National Lottery Terminal that currently only processes scratch cards but can upgraded. We believe that there is further potential to increase trade by offering new services and by extending the current opening hours in the evening and by opening on Sunday. (The business does not currently open on a Sunday) There are a number of new housing developments being built within the area which would give further potential to increase the newspaper delivery rounds. 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. 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 business is not to be missed.

Opening Hours
Monday – Saturday – 6.30am – 5.30pm
Sunday – closed

Ground Floor
Retail comprising: Sales counter with epos system, scratch card terminal, sales and display shelves, ice cream freezer(Walls), upright open drinks fridge, greeting card racks, cigarette cabinet, weighing scales.
Store Room comprising: Various shelving.
W/C with hand wash basin

First Floor
Store room with various shelving

External
Small court yard area

EPC Rating E

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Veritas Business Sales Ltd, B90 on +44 121 721 9902 * (local rate)

Contact Veritas Business Sales Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Veritas Business Sales Ltd, and do not constitute property particulars. Please contact Veritas Business Sales Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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