Location - Pentewan is an extremely popular coastal village and the cycle hire business is prominently located at the entrance to the Pentewan Valley Trail just as you enter the village. Other local amenities include a village pub, petrol filling station, large camping and caravan site and sandy beach. The picturesque harbourside village of Mevagissey, the award winning Eden Project and Lost Gardens of Heligan are within a short drive. The renowned sailing harbour and town of Fowey is approximately 12 miles away. The Cathedral city of Truro is approximately 16 miles from the property. The recently regenerated town of St Austell is situated just 4 miles away and offers a wide range of shopping, educational and recreational facilities. There is a mainline railway station and leisure centre together with primary and secondary schools and supermarkets. The St Austell area has and is undergoing large scale development increasing the number of both local and visiting residents. There are several local campsites within easy reach of the cycle hire.
Pentewan Valley Trail is a very popular destination for both tourists and locals providing an excellent passing trade for the business.
The Business - Pentewan Valley Cycle Hire is a well established business having been trading in the same pretty location for over 20 years. The business comprises various elements including cycle hire,servicing and repairs, sales and some hot and cold drinks. There is an excellent level of well maintained stock allowing the new owner to trade immediately in purchase. The business sits at the village start of the Pentewan Valley Trail in a delightful wooded setting. There is a large timber facility for hire and repairs with small reception ares. Surrounding the hire centre are some very attractive grassed sitting areas leading down the the stream. There is a further seating area in front of the hire centre There is limited parking available at the Cycle Hire Centre and a free car park available a short walk into the village centre.
The cycle hire centre has mains electricity and water.
The sale will include the business, stock, advertising brochures, facebook page and website.www.pentewanvalleycyclehire.co.uk
Trading - The current owner trades from Easter to October half term which creates a turnover in excess of £50,000 per year. There is undoubtedly scope to extend the opening hours to further enhance business performance. There may also be opportunities to extend the range of services provided with the idyllic setting and surroundings. Abridged accounts are available following a viewing and with authorisation from the Owner.
Fees - The purchaser is to be responsible for the Vendors fees including Landlords Agents Fees, Solicitors fees and Selling Agent Fees. The purchaser will also be required to be "vetted" through the Landlords agent which we understand will include a credit reference to be paid for by the purchasers.
Vat - We understand that VAT is payable on the rent and therefore will be payable on fees. Purchasers must satisfy themselves as to the impact of VAT on the purchase and their own specific circumstances.
Lease - The Cycle Hire business is held on a 5 year lease which was recent renewed in September 2017 with a current annual rent of £3900 plus vat.
Viewing - By appointment with the Vendors agent:MAY WHETTER AND GROSE, 11 Fore Street, St Austell. PL25 5PX