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Confectionary Business In Prime Seaside Town Location For Sale

Paignton, Devon, UK
Asking Price:
£19,500
Turnover:
£100K - £200K
Net Profit:
Not applicable

Sugazone is a ground floor retail lock up in a fabulous location with the benefit of storage and office space. Sugazone stocks a wide variety of confectionary to include Pic N Mix selection, retro sweets, homemade traditional sweets in jars and American imported sweets. Alongside these Sugazone also offers Marshfield’s Scoop ice cream, a large selection of milkshakes and smoothies all freshly prepared on site plus canned drinks again imported directly from America. Sugazone previously traded 9.30am – 6.30pm with a turnover of well over £100,000. However, due to family health issues the hours have been reduced to 10.30 – 5pm, seven days a week from Easter to October reducing to weekends for November and December. The owners choose to close for January and February. Due to this the business is now trading below the VAT threshold. Sugazone is operated by the owner with the assistance of a part time member of staff. The website, social media and online sales have currently been suspended therefore providing the next proprietor with huge potential to increase the current sales should they wish to.

Property Information

Property:

Leasehold

Location:

Sugazone is situated on Torbay Road which is known as Paignton’s ‘Golden Mile’. This main road leads from the railway station and town centre down to the seafront and is Paignton’s premier holiday shopping street ensuring constant heavy footfall. Torbay Road benefits from a large seasonal boost when Paignton swells with visitors. There are many all year-round attractions nearby such as the Dartmouth Steam railway, the Vue cinema and the Geoplay Park to name a few.

Premises Details:

The premises comprises:-

MAIN TRADE AREA
Double fronted unit with central entrance. Pic N Mix display unit, floor & wall mounted shelving units and Marshfield’s Ice Cream fridge (on free loan). Ice Zone Service Counter with Hatsuyuki Ice Shaver and selection of flavours and topping sauces. Blend it Zone Service Counter with 2 inset Blendtect blenders for milkshakes and smoothies, Blendtec rapid rinse machine, chest freezer, electronic scales, Fracino 2 group coffee machine, electronic cash register and microwave, 2 sink units and drainer, large upright fridge. Sweet Zone Service Counter with electronic scales and cash register.

OFFICE

STORE ROOM
Wall mounted shelving units and 2 chest freezers.

STAFF CLOAKROOM
Passageway leading to rear exit.

GENERAL INFORMATION

RATEABLE VALUE
2017 List: £17,000.

Please note this is not Rates Payable. Interested parties are advised to make their own enquiries with the Local Billing Authority, Torbay Council.

TENURE
The premises is available via a new repairing & insuring lease at a rent of £16,000 per annum. Term to be agreed.

THE BUSINESS
The turnover is purposely kept below the VAT threshold at circa £80,000. Further accounting information will be made available to Bon Fide applicants following a forma viewing arranged through Bettesworths.

SERVICES
Electric and mains water & drainage.

STOCK
The business carries approximately £5,000 in stock depending on the time of the year. Wet and Dry stock in trade will be taken over by the purchaser at valuation on the day of completion.

INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owner’s personal effects.

Energy Performance Rating:
C

Other Information

Related Documents:

Contact Bettesworths

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