Summary
- Asking price:
-
£850,000
- Sales revenue:
- £781,000
- Net profit:
- Available on request
Business description
We are delighted to offer one of the Isle of Man's premier businesses to the market. The substantial property has been extensively upgraded by our client, who purchased the business in 2001 from a local resident. The business is split into four different elements, a fully equipped convenience store, a Post Office, a cafe (which also offers an extensive outside catering menu) and a recently added Farmers Market. The market offers locally grown organic produce, as well as game, meat, poultry and crafts. There are excellent parking facilities, as well as a fully refurbished two-bedroom apartment on the first floor. The apartment would make ideal owners' accommodation or profitable rental accommodation if desired. All four elements of the business are run by a fully trained team of staff. Recently the turnover has increased substantially and achieved a year end result of just under £800,000 in August 2007. Very rarely do business opportunities of this standard come onto the market.
Property information
- Property:
- Freehold
- Living accommodation:
- PROPERTY DETAILS
Recently refurbished detached property with off street customer parking, rear outside seating area and an area laid to lawn, which is dedicated to the farmers market. There is also outline planning permission for a further property (ideal for two more apartments).
CAFE
. New front door
. Five tables
. Service area
. Store room
. WCs
. Fully equipped kitchen with new ovens, cooker, deep fat fryer and microwave ovens
CONVENIENCE STORE
Large retail area with:
. Several central gondolas for groceries, household goods, stationery, wines/beers, newspaper and magazines etc.
. Dedicated frozen food section, which is well known for game produce in the winter months
. New air conditioning throughout
. New CCTV system
. Post Office counter
PRIVATE ACCOMMODATION
. Separate entrance
. Single bedroom
. New bathroom
. Open-plan lounge/contemporary kitchen
. Master bedroom
. Store cupboard
The apartment benefits from new central heating throughout, new windows and a fire alarm
EXTERNAL
Front:
. Off street customer parking
Side:
. Access to rear garden area and additional customer parking
Back:
. Large area laid to lawn
. Covered seating area
This area is used for both the farmers market and outside seating area for the cafe
ADDITONAL INFROMATION
The business benefits from its own website at which is not included in the sale but could be purchased by separate negotiation
- Location:
- One Stop Shop occupies a unique trading position on Station Road, within the heart of Ballaugh on the Isle of Man. The business takes full advantage of its close proximity to Ballaugh Bridge, which is the busiest viewing point for the Isle of Man TT Races that attracts thousands of spectators every year. The traditional village has seen one of the largest increases in property prices, due to its enchanting choice of houses, breathtaking landscapes and warm community. The Isle of Man has received increased media attention with both families and retired couples now looking to relocate from the UK. It offers an extremely attractive tax system, excellent schooling and local services, as well as low crime rates across the island.
Other information
- Trading hours:
- Mon - Sat: 7.30am - 8.00pm Sun: 8.00am - 5.00pm