Family Run Convenience Store with Off Licence in Devon For Sale

Occupying a corner position, busy road, residential area, N DEVON COASTAL TOWN.

Turnover £ 13,500
Price £199,950

Features

Family Run, Established Convenience Store & off Licence with Payzone

CAR PARK OPPOSITE

PROMINENT CORNER PREMISES, in the region of 675 ft², CCTV (8 cameras), Alarm system, laminate flooring (wood effect), suspended ceiling with strip lighting.

Sales counter with EPOS cash register. Double door fridge, single door fridge, bread and bakery display racking, chest freezer, triple door chiller, adjustable shelving, gondola, ice cream freezer, slush machine, 2 small freezers and 3 chillers on loan, drinks fridge (Monster) greeting card stand with drawers beneath, card spinner, coffee machine, etc.

2 Store rooms, chest freezer. .

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £13,500p.w. with a Gross profit of 19% approx. We are advised the accounts for year ended 31st March 2024 showed sales of £648,918 with a gross profit of £123,116 (18.97%)

Staff

The business is at present operated by the 2 partners with 1 full time family assistance and 1 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 8 a.m. - 9 p.m.
SUNDAY 10 a.m. - 8 p.m.

Outside

Secure stock room to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2019 with reviews every 3 years (next review 2027) at a current rent of £11,324.04 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1998, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £199,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 99,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote