Leasehold Newsagent & Off Licence In Devon For Sale

Business description

Bag a Business is pleased to offer to the market this thriving Newsagents and Off Licence, which was established in 1953 and has been under the proud ownership of our clients since 2006. It is now only being placed on the market to allow them to develop their other business interests. Run with help from a dedicated team of staff (average weekly wage bill £1,000), the business achieves a healthy turnover in the region of £300,000 per year, whilst enjoying an exceptionally high gross profit of around 38%. This is further enhanced by the spacious self-contained four-bedroom owner's accommodation, which has its own entrance and could possibly be extended. It also benefits from having a private garden. The shop enjoys an excellent local reputation for its reliable newspaper delivery service, which goes to 785 homes, as well as for its wide selection of gifts and greeting cards. We feel that this opportunity represents an ideal base for a new owner to build upon, perhaps by extending the opening hours, and recommend early viewing of this exciting opportunity.

Property information

Property:

Leasehold

Lease terms:

New lease to be granted. Rent to be arranged.

Living accommodation:

Well presented four-storey premises. Briefly comprising: GROUND FLOOR Well fitted sales area with EPOS system Store room Toilet FIRST FLOOR Kitchen with a range of eye level and base units Lounge Door to outside decking area SECOND FLOOR Bathroom Double bedroom Single bedroom THIRD FLOOR 2 single bedrooms EXTERNAL Garden laid mainly to lawn

Location:

The newsagents is located on a busy shopping street in the popular Devon coastal town of Teignmouth. It is surrounded by a wealth of complementary shops and businesses and has excellent on and off street parking close by. The business draws its trade from the people who live and work in this highly desirable seaside town as well as from those who flock to the area on holiday, particularly during the summer months. Teignmouth is an historic port on the mouth of the Teign estuary. It has all the attractions of a seaside town, including a Victorian pier. Teignmouth is a working harbour, with many vessels, large ships, fishing boats and pleasure craft, entering and leaving the port. As well as a pier, there is a theatre, cinema and model railway, children's play areas, tennis courts, bowling greens and a miniature lighthouse that marks the entrance to the harbour. It has excellent links being 15 miles from Exeter and the M5 Motorway.

Other information

Trading hours:

Mon - Sat: 5.00am -5.00pm Sun: 5.00am -2.00pm