Shop for sale
Property description & features
- Tenure: Freehold
- Long established jewellery business
- Close to Ilfracombe harbour
- Bold corner location
- Excellent window display frontage
- Fully fitted shop
- For sale as a going concern
- Genuine retirement sale
- High takings
- Plus stock at valuation
At one of the best tourist trading locations in North Devon on a bold corner pitch this lock-up jewellery business is within yards of Ilfracombe's picturesque harbour.
With a long frontage and window display looking out to St. James Place which connects the seafront to the pier and is opposite an art gallery and various other traders which include a fashion shop, gift shop and restaurants. Public car parks are nearby as are the beaches at the harbour, Wildersmouth and Larkstone. The town is experiencing a resurgence with a new water sports centre, Premier Inns have started to develop a site for a new hotel and the ever-popular statue 'Verity' on the harbour was loaned to the town by the world famous artist Damien Hirst and attracts many day visitors.
THE PREMISES
This kiosk style shop offers around 200 sq ft of retail space and is ideal for the business of a jewellers. Having a high ceiling and bespoke multiple matching glass fronted secure display cases around the shop and storage cabinets below, the layout is perfect to display valuable rings, watches, costume jewellery and the like. There are two counters and excellent window displays in four large window spaces. There is no staff cloakroom but public toilets are located nearby on the pier.
THE BUSINESS
Having been in the same family for three generations this is the first time this valuable shop has come into the market for a number of years. The business is operated by the owner and two members of staff on a seasonal basis. Takings are as follows: year-end April 2020: £200,000, 2021: £182,000 and 2022: £247,000 all with consistently high adjusted net profits. Full details are available upon request after inspection of the property and subject to owner’s approval.
Rooms
SHOP 6.86m x 5.08m
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
VIEWING
Strictly by appointment through the selling agents.
RATEABLE VALUE
To be advised.
WANT TO KNOW MORE?
We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
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Property reference COM230069. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers - Ilfracombe.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 6, 2022
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Energy Performance data and Internal floor area
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