Lovely Devon Coast Newsagents Tobacconist For Sale

Business description

Established for over 60 years this lock up retail business is located in the Devon village of Braunton ( 5 miles Barnstaple). within 2 miles of the fabulous sandy/surfing beaches at Saunton, Croyde and Putsborough. Braunton itself supports a local population of around 7,500 persons as well as a significant tourist influx, particularly during the summer season, but to an extent, these days, year round. The business is perfectly suited as a husband & wife operating partnership, assisted by three staff and paper boys. Counter news is complimented by 17 delivery rounds around the village plus servicing papers to nearby hotels and other retail sales from the shop which include confectionary, tobacco, toys, games,stationary,fancy goods, souvenirs etc.

Turnover is circa £280,000 per annum ( £5,400 per week) producing a gross profit of £81,000 (29%) The shop is held on a 10 year lease from 2007. The main retail area provides 721 sq ft plus stock room and staff facilities.

Our clients will provide a full training programme to the new owners to facilitate a smooth take - over and thus NO PREVIOUS RETAIL EXPERIENCE is needed.

Property information

Property:

Leasehold

Lease terms:

10 year lease from 2007 - internal decorating only and to shop front..

Leasehold rent:

£11,500 per annum

Location:

Braunton in North Devon. Barnstaple (5 miles) Ilfracombe (7 miles) Sandy beaches and magnificant coastline 2 miles.

Premises details:

Retail unit 721 sq. ft. Double frontage. Strong trading position in the centre of this bustling village.

Planning consent:

A1 ( retail)

Business Operation

Competition / Market:

Only 2 other newsagents.

Reasons for selling:

Husband and wife owners want to spend more time with their young family.

Employees:

3 part time staff and paper boys/girls

Years established:

60 plus

Other information

Support & training:

Owners will offer full training.