65 Main Street, Cockermouth, CA13 9JS
59.80 Sq M
£70,000
Property Features
- Leasehold retail business
- Retirement sale
- Prominent location in the centre of Cockermouth
- The business has an improvable turnover and profitability, with an upgrade to its internet sales offer.
Property Summary
The business occupies a prominent position on Main Street, Cockermouth. It sells a mixture of jewellery, socks, gifts, cards, scarfs, leather bags, and skincare products. The business has traded from this property for the last 20 years. The business has a basic e-commerce offer which could be dramatically improved.
The turnover for the last 3 years was £235,187 (ye 31/03/2023), £234,100 (ye 31/03/3024), and £218,576 (ye 31/03/2025) with Adjusted Net Profits of £43350 (2023), £35,844 (2024) and £23,454 (2025). The declining Net Profit reflects the owner spending less time working in the business and replacing their hours with staff. The wages can bee seen to have been rising accordingly.
If the business were operated by a fully committed two person proprietal team, we would expect wages to dramatically reduce allowing the business to generate an Adjusted Net Profit in the region of £60,000pa.
The turnover for the last 3 years was £235,187 (ye 31/03/2023), £234,100 (ye 31/03/3024), and £218,576 (ye 31/03/2025) with Adjusted Net Profits of £43350 (2023), £35,844 (2024) and £23,454 (2025). The declining Net Profit reflects the owner spending less time working in the business and replacing their hours with staff. The wages can bee seen to have been rising accordingly.
If the business were operated by a fully committed two person proprietal team, we would expect wages to dramatically reduce allowing the business to generate an Adjusted Net Profit in the region of £60,000pa.