Retail premises for sale in Fore Street, Newquay TR7

Freehold Independent Surf Clothing/Equipment & Hire Located In Newquay
Prominent Town Centre Location
5,000 Instagram Followers
Ref 2764

Location
This established Independent Surf Clothing, Equipment & Hire business is located within a busy parade of shops on the main thoroughfare road in Newquay town centre. Newquay is one of the nation's favourite seaside towns, exudes the laid back atmosphere you would expect from a town perched on Cornwall's Atlantic cliffs and bordered by 7 miles of glorious golden sandy beaches. It's a place where all the family gets to relax and enjoy a proper holiday. There's a different beach for every day of the week and glorious open spaces looking out to sea. The town manages to be both trendy and yet remains a great family resort, all wrapped up in the most fantastic coastal scenery.

Asking Price: £449,950 plus sav
Alternatively £349,000 for just the property

Business Description
Veritas Business Sales are delighted to offer for sale this respected Surf Clothing, Equipment & Hire business which is located in the Cornish seaside town of Newquay. The business was established in 1988 and has been in the careful hands of our client for the last 14 years. Reluctantly the business is now being offered for sale due to other business commitments needing their full attention.
Since ownership they have completely refurbished, redecorated and continually invested in new 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. The business is owner operated with the help of 4 full time and 1 part time members of staff and for year ending 31st May 2021 posted an annual turnover of £373,423 net of vat with a (54%) gp. Sunset Surf retail surfboards, bodyboards, paddleboards, wetsuits, and hardware and sell some of surfing's major brands including Fourth Surfboards, Softech surfboards, c-Skins wetsuits amongst others. The business also includes a rental business for all related surfing products and has a state of the art web site/booking system for that side of the business. Also with the business comes an independent organic clothing brand called Sunset. The Sunset brand was created and designed by the present owner.
We believe that there is further potential to increase trade should you wish, by opening in the evening especially during the summer months. This is something that the owners have never done before and would undoubtedly be a huge success. The business enjoys a very 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.

Opening Hours
Monday - Sunday - 10:00am - 5.30pm

Ground Floor
Retail area (7.7m x 5.2m) comprising: Sales counter with glass display case, electronic cash register, 2 rotary garment display stands, various display stands, various bespoke retail display units and stands, built in surfboard display stands and fitting room with wall mounted mirror.
Storage cupboard (2.0m x 1.5m) with various shelves.

First Floor
Front room/storage with sea views (3.4m x 4.4m).
W/C with bath (1.1m x 3.0m).
Hallway
Kitchen/storage (2.8m x 3.2m) with sink drainer, kitchen cupboards wall and floor.
Second Floor
Front room/storage with sea views (5.00m x 3.8m).
Storeroom (4.4m x 3.4m).

External
Front patio area for surfboard hire (6.00m x 3.00m).

EPC Rating D