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Busy General Store For Sale

Ilfracombe, Devon, UK
Asking Price:
£199,950
Turnover:
£360,000
Net Profit:
Available on request

The property is on the seafront offering a mid-terraced commercial property with a ground floor shop of around 400 sq ft plus stock room and 3 bedroom family accommodation over. This busy General Store & Off License opens 7 days a week and now also provides a delivery service.

The first floor provides a through lounge diner and fitted kitchen with door to small roof top garden and at the half landing a shower room WC. The top floor provides three bedrooms.

The property benefits from part-gas fired radiator central heating and part-double glazing.

Having been established as a general store/off-licence/ tobacconist/confectionary shop for over 140 years, this is without doubt one of the longest trading businesses in the resort.

Our clients have owned the property for 21 years and are now selling for genuine reasons due to their impending retirements.

It is operated under the personal supervision of the owners, a husband and wife team and their son and three part-time staff.

The business trades as a traditional general store/ off-licence/ tobacconist/confectionary shop with lottery sales and has a well-respected local reputation and customer base.

The turnover is approximately £360,000 per annum and accounts will be made available to those seriously interested parties who have inspected the property.

The stock will be purchased for an additional sum at valuation and will likely be between £10,000 - £15,000 on top of the asking price (depending on the time of the year).

We strongly recommend early viewing of this long established business to avoid disappointment.

Property Information

Property:

Freehold

Living Accommodation:

With delightful cosy 3 bedroom family accommodation over.

Location:

In a prime tourist trading position, located between the seafront and Ilfracombe’s picturesque harbour, the property is therefore ideally placed for local and tourist trade.

The premises are within yards of the seafront in St. James Place, a mixed commercial location with a variety of retailers including gift shops, restaurants and retail outlets.

The premises are within only yards of Ilfracombe harbour and the pier, where there is located a large statue called ‘Verity’, donated to the town by the world renowned artist Damien Hirst.

Since the inception of this statue, the town has attracted many more thousands of day visitors to the resort who invariably use shops in the area including this general store.

The town offers a host of facilities including beaches, parklands, and attractive coastal walks and on the outskirts of town there is a popular golf course.

In recent years inward investment has included a new car park at Ropery Road to the rear of St. James Place and the property is within close proximity to Cheyne Beach Car Park and the Pier Car Park.

A new coastal orienteering centre is due to be constructed shortly at Rapparee Beach, which would encourage coastal sports pursuits.

The town has a population of around 11,000 inhabitants which is boosted during the summer months with an influx of tourists.

This general store and off licence supports the local resident population in the harbour area and the wider tourist population which flocks to the town.

Premises Details:

Cosy family home and popular local store with the added benefit of uplift in tourist sales. Become part of a friendly local community shop in the Harbour area of the town living within yards of the beach, Quay and Pier.

Energy Performance Rating:
C

Business Operation

Trading hours:

The shop opens 7 days a week by choice, opening hours from 8AM – 8PM and during the summer 8AM – 10 PM.

Contact Webbers Commercial

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