Landmark shop on the market

The business known as Pricewise, a popular stationery, bike and toy store in Cootehill, has been placed on the market for sale as a going concern as it’s current owners are planning to retire.

Described as a unique investment opportunity, it is a long-established business and commercial premises with a superb street profile along Cootehill’s Main Street, a thriving town.

The property has a guide price of €550,000 but it is offered for sale with the benefit of existing patronage and the option to acquire current stock including a range of bicycles, bicycle equipment, gifts, toys, stationery, confectionery and general household items.

The premises comprises a mid-terraced, two-storey building with an extensive single-story extension to the rear. The entire property extends to 410 sq m (4,413 sq ft) approx.

The ground floor is arranged with an open-plan retail area, office and toilet facility, while the first floor provides space for office/storage accommodation.

To the rear of the property there is a large enclosed garden with rear access via a right of way; to the front of the building, there is on-street parking available.

Auctioneer, Declan Woods explains that, while the property has changed use over the years, it has remained a profitable, thriving business.

“It was formerly a grocers, then it became a Mace store before they changed their model to a stationery and toy store selling things like toys and bicycles. An extension was built on so they could showcase their products. It has remained as this since but has grown and grown in the east Cavan and Monaghan area it is very well known. Everyone knows it is the place to go for toys and bikes and it does a very good trade. The owners have run it very well but they have reached a point where nobody is coming into the business behind them so they are retiring after many successful years in business.”

Great potential

Mr Woods says the premises is suitable for a wide variety of uses and great potential.

“It would suit someone who is looking to take on the business model, which has been incredibly successful. It would also suit a young couple who are looking to start their own business to continue on and grow this because there are a lot of expansion opportunities in it. It would also suit someone with an existing business in another town or who is looking to branch out. Or it could be for someone completely different who is looking for prime property in the town of Cootehill and have a different business plan in mind.

The location, mid way between the county towns of Cavan and Monaghan, is attractive, according to the auctioneer: “Cootehill is a thriving market town, it ranks in the top five towns in Cavan. There are a lot of opportunities for people to do well in the town. It’s also a substantial property of 410m2 with rear access, so it has a lot going for it.”

Further details are available through the sole selling agents. Viewing is strictly by appointment only. Contact Sherry Fitzgerald Declan Woods on 049-4380038, 086-8199911 or email declan@woodsauctioneers.com