| (REF: 2188) Newsagent and Convenience Store in Budleigh Salterton |
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| Seller Reference: |
2188 |
| B4S Reference: |
23410 |
| Asking Price: |
£295,000
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| Net Profit: |
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| Sales Revenue: |
£250,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Freehold |
| Location: |
Budleigh Salterton, Devon, United Kingdom |
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Preferred Commercial is delighted to offer for sale this well-established newsagents and convenience store, which has been operated by our client since 2002 and which is only now presented to the market due to our client's wish to retire. The substantial premises have been refurbished throughout and boast a ground floor retail sales area along with a first floor flat. The property was re-roofed in 2007 and the roof terrace was renewed in 2009. The sales area was re-modelled in 2009, including new chillers. The 2-bedroom flat was renovated in early 2011 including new kitchen, new bathroom, new combi-boiler and re-decoration throughout. The large shop premises stock a range of general CTN lines along with a variety of groceries and alcohol products. There are also Lotto facilities and a Pay Point machine installed and our client services a number of newspaper delivery rounds. Lottery turnover is approximately £1000 per week which generates a commission of approximately £80 per week. Our client has developed a loyal customer base within the local community, which ensures much repeat trade. The business currently trades seven days per week, which generates a turnover in the region of £250,000 per annum with a gross profit of 28%. We feel the turnover could be further improved by extending the opening hours to exploit the evening trade. We are also advised that a rental income of approximately £625 per month could be achieved by rented out the accommodation. This is an ideal lifestyle change opportunity, which offers the new owner an already profitable business with further potential, situated in a great location. Early viewing and negotiations with Preferred Commercial must come highly recommended.
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Property: |
Freehold |
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Living Accommodation: |
Yes |
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Details of Accommodation: |
Prominent 2-storey premises with ground floor retail area and first floor flat, situated in seaside town. Briefly comprising:
Ground Floor
• Sales area with shelving and racking to perimeter walls, confectionery display, loose sweets display, dairy chiller, beer refrigerator, wine refrigerator, ice cream freezer, carousel for cakes and biscuits, fresh eggs display, central shelving, crisps display, serving counter with electronic cash register, cigarette gantry and Lotto machine
• Kitchenette with shelving, microwave oven and freezer
• Rear store room with 2 x freezers, racking for dry goods and cigarette strong box
• WC with wash basin
First Floor
• Lounge with access to the roof terrace
• Newly fitted kitchen with wall and base units and associated equipment
• Master bedroom with dual aspect
• Second bedroom
• Bathroom with bath, wash basin and WC
• Linen cupboard
External
• Forecourt suitable for produce display
• Ample on-street parking
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Location: |
Greenway Stores is ideally located within a densely populated residential area in Budleigh Salterton, Devon. Occupying prominent corner premises, the business benefits from ample on-street parking and there is a bus stop close by. The property is situated within easy walking distance of the town centre, sea front and promenade. Budleigh Salterton is situated in an Area of Outstanding Natural Beauty and is a popular seaside town and tourist resort. The town lies close to Exmouth, which is approximately 4 miles to the east, whilst junction 30 of the M5 motorway is less than 10 miles away. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Mon - Sat: 7.00am to 1.00pm & 2.30pm to 6.30pm
Sun: 7.00am to 12.30pm
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