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Convenience Store For Sale

Devon, UK
Freehold Price:
£650,000
Leasehold Price:
£160,000
Turnover:
£676,000
Net Profit:
Undisclosed

Modern convenience store, unopposed within large South Devon historic village, ideally placed for the coast and countryside, both Newton Abbot and Torquay within easy reach, assisted by excellent road network, the main A380 Devon Expressway only a short drive away. Occupying valuable central village trading position, next to car park with additional on street car parking ensuring easy customer access, surrounded by other businesses and popular residential areas.

Detached lock-up premises of more than 2,000 square feet, the subject of recent £90,000 investment in the form of a comprehensive refurbishment to include new chilling equipment, EPOS, and CCTV, with no major expenditure considered necessary. Very smart air-conditioned retail area, abundance of storage to include walk in chiller and freezer, staff and office facilities, very useful enclosed independent side delivery bay which can also offer private car parking.

A well known store which has reputedly been in existence some 70 – 80 years, serving the surrounding residential community and visitors to the area. Taking in the region of £13,000 per week, has been considerably more, excellent Gross Profit margins, benefiting from Lotto, Paypoint, and Amazon Locker, still offers opportunities to build on current trade though introduction of Bake Off/Food to Go, and hot drinks. An efficiently operated and easily manageable business, can be single manned a great deal of the time, suit owner operator.

Freehold £650,000 sav OR
Leasehold £160,000 sav, Ref: G37020N

Property Information

Property:

Available as freehold and leasehold

Other Information

Leasehold asking price:
£160,000