Miller Commercial are pleased to offer Mevagissey News, the unopposed Convenience Store for the village to the market. The business has been in our client’s tenure for the past circa 25 years and is now being sold due to retirement. The store trades 7 days a week with extended opening hours in the peak season and is principally run by our clients, with some part time assistance. The business has the benefit of Paypoint, National Lottery, Off Licence and is a well-equipped store with circa 650 sqft of retail space, with storage areas to the rear.
The business can demonstrate consistent sales approaching £900,000 and produces an adjusted net profit (after all normal overheads and market rent) of circa £63,000 per annum.
The business is to be made available with the provision of a new secure Lease for an initial period of 12 years, with an initial passing rental of £20,000 per annum and a 4 year rent review.
Offers are invited for the leasehold interest of a guide price of £135,000 plus stock at valuation. Further detail contact Business Transfer on 01872 247036. View Property.