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Convenience Store In Reawla For Sale

Reawla, Cornwall
Asking Price:
£324,950 Furniture / Fixtures included
Turnover:
£311,470
Net Profit:
Available on request

Veritas Business Sales are delighted to offer for sale this outstanding local convenience store which is located in Reawla Village, West Cornwall. The business has been established for over 45 years and has been in the careful hands of my client for the past 9 years. Reluctantly the business is being offered for sale so they can enjoy a well deserved retirement.
Since ownership the owner has continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 5 part time members of staff and has an annual turnover of £311,470 with a GP of £70,620 (22.5%). Reawla Store has a retail area of approximately 41 sq m and stocks a fine range of fresh bakery products, dairy produce, general groceries, frozen foods, newspapers, confectionery, magazines, tobacco lines, greeting cards, traditional beers, wines and spirits. The business also has the benefit of Pay Point and the news bill is currently £250 per week.
We believe that there is further potential to increase trade by expanding upon the current opening hours and increasing the product lines. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with tourists and passing trade due to the busy main road location. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Property information

Property:

Freehold

Location:

This respected and established village stores is located in the popular village of Reawla in West Cornwall. Reawla village is ideally positioned in between both the North and South coasts with Hayle and its amazing beaches being only 4.5 miles. The store has a strong loyal community support and also benefits from the many visiting tourists in the summer months from nearby Calloose Caravan Park and Parbola Holiday Park.

Premises Details:

Ground Floor

Retail sales area 7m x 6m comprising of: sales counter, electronic cash register (Sam4’s) sales & display shelves, drinks chiller(Mafirol), freezer display unit (Bartlett), coffee machine (Nescafe), food scales, ice cream fridge, chilled food display unit (Coolfrost), free standing display unit and various shelves.
Owners Accommodation/Shop Storage 2.85m x 2.2m: with various shelving, sink with drainer and W/C with wash basin. Door to side giving access to the garden.
Kitchen 4m x 2.20m: with fully fitted base and wall units, Belfast sink with drainer, built in washing machine, dishwasher, under counter fridge and separate freezer.
Dining Room 3.4m x 2.5m: with wooden flooring and under stairs cupboard.
Lounge 5.2m x3.2m: with featured stone fire place and gas burner.
Office area off lounge 3m x 3.8m

First Floor
Landing area
Bedroom 1 5.17m x 2.66m:
Double bedroom with airing cupboard.
Bedroom 2 3.25m x 2.56m:
Double bedroom with cupboard.
Bathroom 2.75m x 2m:
With bath, W/C, wash basin and separate shower cubicle.

External
Garage 4.9m x 2.6m with storage shelves, fridges and freezers.
Front off road parking for (5) Rear court yard with good size well kept garden.

All measurements are approximate
EPC (C) rating
The property benefits from gas central heating

Energy Performance Rating:
C

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 8.00am – 7.00pm
Sunday – 9.00am – 6.00pm

Employees:
5 part time
Years established:
45 years

Other Information

Inventory / Stock value:
£1,000

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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