High Profit Devon Convenience Store And Newsagent For Sale

Business description

• Newsagents/Convenience Store
• Highly visible & established loc.
• Spacious 2 bed accommodation
• Ave. weekly T/O c. £11,000
Ave. net profit c. £60,000 per annum
• Lottery, Pay Point etc

Property information

Property:

Leasehold

Lease terms:

A 21 year term from 2004 within the LTA.

Leasehold rent:

£16,000 per annum

Living accommodation:

Accommodation comprising: Entrance hall, modern fully fitted kitchen-diner, family bathroom, bedroom 1 double with fitted wardrobes, inner landing/study, bedroom 2 double, lounge, separate WC, linen storage cupboard. Benefits include electric heating and double glazing.

Location:

The business enjoys a prominent corner trading position in Summerland Street, Barnstaple, on the junction with a busy major route through the town and opposite the Municipal Bus Station. The immediate area is a dense mix of private and rented housing and other small businesses. Barnstaple itself is a thriving market town located in North Devon with a resident population of approximately 34,000. The town is also a popular tourist destination, attracting large visitor numbers during the summer months and home to numerous hotels and guest houses. There is on street parking to the front and side of the business.

Premises details:

Ground floor:
entrance to main sales area with vinyl flooring, air conditioner, ceiling fans, a range of retail fixtures and fittings including central display gondola, racking and shelving providing sections for household, dry goods, pet foods, fresh produce, DVD hire, greetings, news and magazine rack, open deck dairy chiller, lotto point, open deck drinks chiller, display drinks chiller cabinet, display chest freezer, further drinks chiller, counter-servery with single till point and pay-point, lotto till. To the rear there is an inner lobby, stock room, staff WC and kitchenette. An inner staircase leads up to the living accommodation.

Business Operation

Expansion potential:

Our client feels that scope exists to increase sales through the addition of bake-off and the equipment for this is already in place.

Competition / Market:

No direct local competition.

Reasons for selling:

Retirement.

Employees:

4 part time employees.

Years established:

Over 100 years

Other information

Support & training:

Available from the Vendor.

Related documents:

• 
• PDF brochure Summerland Stores