Leasehold Jewellery Retail Business, 5 Cathedral Lane, Truro, Cornwall, TR1 2QS

Rare Opportunity To Acquire A Long Standing Independent Profitable Jewellery Business
Locations In Truro, Falmouth & Padstow
Ref 3045

Asking Price £299,950 plus SAV

Location
This respected and very successful Jewellery Business is located in three of the most stunning and busy parts of Cornwall. Truro, Falmouth & Padstow.

Business Description
Blue Wing Gallery has been established in one of the UK's prime tourist destinations for over 20 years. It enjoys an enviable reputation with tourists and locals alike for its range of contemporary and classic silver jewellery set out in beautiful stores in prime locations.
This golden opportunity has arisen due to the owners' planned retirement and offers prospective purchasers to take over a successful business which is truly turn-key. The business currently operated from three locations in Cornwall; Padstow, Falmouth and Truro. The stores are held on secure long-term leases and enjoy a loyal and substantial customer base and are operated by experienced and dedicated customer service professionals.

HIGHLIGHTS:
o Solid trading record 20+ years with identified opportunities for growth
o 3 prime locations in Cornwall with potential of expansion in the region
o Profitable business with high profit margins
o Run by a small team of knowledgeable and experienced staff.
o Comprehensive product offering
o Well-presented and fully fitted-out stores
o Turnkey: walk-in business with experienced team in each store
o Lucrative lifestyle business with huge growth potential and scalability for investors.
o A well-established partnership with suppliers and brands
o Loyal, longstanding and repeat customer base
o All revenues derived directly from customers without the need for marketing
o Scope for massive growth for e-commerce functionality

Growth While the current set up offers a lucrative lifestyle business, it also offers huge growth potential and scalability for investors. Although there is currently a fully functioning e-commerce website, the current owner have not fully exploited these sales and marketing channels. There is no social media presence, the business has been operated almost exclusively as a bricks and mortar enterprise.
The second growth area would be the expansion of retail stores around Cornwall & Devon.


Truro Store
5 Cathedral Lane
Truro
TR1 2QS
Leasehold
Secure Long Lease
TRURO
Truro is the commercial administrative, retail. And cultural hub of the county. It boasts a three-spired cathedral, museum and theatre/concert hall. The store is located within a few metres of the cathedral !
The city lies in the centre of the county and offers year-round trade that is less influenced by the annual influx of tourists.
Ground Floor
Retails area comprising: bespoke Italian well-lit display cases.
First Foor
Kitchenette
Storage area
Toilet with w/c and wash basin.
EPC Raring E

Padstow Store
16 Duke Street
Padstow
PL28 8AB
Leasehold
Secure Long Lease
PADSTOW
The culinary capital of Cornwall, made famous by TV chef Rick Stein , the Padstow store occupies a prime location close to the harbour.
Padstow welcomes a huge volume of visitors each year for its fine dining, attractive
location, coastal walks, and array of independent shops. It is one of the 'Go-To' places to visit in Cornwall it also hosts the famous Obby Oss festival each May..
Ground Floor
Retails area comprising: bespoke Italian well-lit display cases.
EPC Raring E

Falmouth Store
29a Church Street
Falmouth
TR11 3EQ
Leasehold
Secure Long Lease

FALMOUTH
A thriving port and university town, Falmouth has one of the deepest harbours in the world and is home , to an array of sailing, diving, and
water sports. It has hosted the tall ships event, hosts an annual oyster festival and is home to the National Maritime Museum (Cornwall).
It is a centre for the creative arts in the South-West. Falmouth is a working town and offers good year-round trade from tourists and locals alike.
The store is located along the prime shopping street of the town and is close to all the major attractions.

Ground Floor
Retails area comprising: bespoke Italian well-lit display cases.
EPC Raring E