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High Quality Department Store & Coffee Shop
For Sale
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Description : |
High Quality Department Store & Coffee Shop
Specialising in Giftware and Cookshop
Ref.AK034
Location Porthmadog, Wales
Asking Price £ 2,495,000
Confidentially offered for sale
This historical and well established department store has been part of the fabric of Porthmadog for over 125 years and in that time it has developed into a truly wonderful destination store for the town. With its high profile location and distinctive Victorian appearance the business draws in visitors from near and afar with many customers travelling significant distance to visit such is the quality of the offering. The owners, past and present have spent a great deal of time effort and resource on the design of this award-winning retail store to ensure that shopping is a thoroughly enjoyable leisure experience.
Situated over 3 floors the presentation of the very wide range of stock is excellent. The store comprises the following layout:
Ground Floor - Here you will find a vast selection of items in the Cookshop, Housewares and Outdoor Living departments.
Among the leading brands stocked are: Denby, Brabantia, Addis, Meyer Prestige, T & G Woodware, Optima and Antler.
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Staffing : |
The vendor only works part time within the business on a strategic level such is the strength of the team he has in place. This comprises the following full time staff.
1-Finance/Personnel Manager
1-Marketing/General Manager
3-Supervisors
5 Sales/Goods In
The business also employs circa 30 part time staff on the shop floor and in the coffee shop.
The staff are a real asset of the business, many of whom have been with the business for many years
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Tenure : |
The premises are ideally located on the main thoroughfare in the town and are highly visible from the road. The building itself is Victorian, full of character and is in an excellent state of repair. There is staff parking to the rear of the building and plenty of free parking close by. Total retail space is circa 12,000 square feet evenly split over 3 floors (with small office areas on the top floor). There is also further attic space that could be utilised if need be for storage. In addition to this there is a warehouse to the rear of the building providing circa 2000 square feet of storage space and a customer pick up point.
Freehold value is circa £1.6Million. Rates are circa £16,500 p.a. The vendor would consider leasing the premises should a buyer not wish to purchase the freehold, subject to negotiation.
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