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Profitable Convenience Store With Accommodation In Braunton For Sale

Braunton, Devon, UK
Asking Price:
£89,950 Furniture / Fixtures included
Turnover:
£275,000
Net Profit:
Under £50K

Profitable and established convenience store occupying a prominent position within a popular residential area of Braunton, close to the main route towards Saunton and benefiting from additional seasonal trade generated by nearby campsites and holiday lodges.

The business operates from a fitted retail unit of approximately 1,055 sq ft and sells groceries, everyday essentials, newspapers, magazines, cards, confectionery, alcohol and National Lottery products. Turnover for the year to March 2024 was approximately £275,000 with an abridged net profit of just under £50,000, and the business benefits from 100% small business rates relief.

Operated by the current owner for seven years with some family input, the store trades seven days a week. Further potential exists to introduce additional services not currently offered, including parcel collection and phone top-ups.

The leasehold premises also include self-contained four-bedroom accommodation with kitchen, bathroom, spacious lounge/diner, garden and parking. An adjoining 2,000 sq ft freehold yard, currently used for additional parking and offering potential for further development subject to planning permission, is available separately for £65,000.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

Assignment of an existing renewable lease originally granted for a 10-year term at a current rent of £13,000 per annum for both the commercial and residential accommodation. The landlords may consider granting a new lease at a reviewed rent, subject to contract and references.

Leasehold Rent:

£13,000 per annum

Living Accommodation:

Self-contained four-bedroom accommodation comprising kitchen, spacious dual-aspect lounge/diner, four bedrooms and three-piece bathroom. The accommodation benefits from central heating, private parking and a garden area.

Location:

Situated within a popular residential area of Braunton, just off the B3231, the main arterial route through the village towards Saunton. The store benefits from an established local customer base together with seasonal visitors from nearby camping and lodge sites.

Premises Details:

Two-storey premises comprising an approximately 1,055 sq ft fitted ground-floor convenience store, office and stockroom with roller-shutter delivery access, shower room and additional storage outbuildings. Self-contained four-bedroom residential accommodation occupies the upper floor, with private parking and garden area.

Size in square feet:
Retail unit approximately 1,055 sq ft
Planning Consent:

The separately available 2,000 sq ft yard has potential for shop extension or a building plot, subject to planning permission.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Potential to broaden the range of services by introducing facilities not currently offered, including parcel collection and mobile phone top-ups. A separate approximately 2,000 sq ft gated yard may also offer potential to extend the shop or create a building plot, subject to the necessary planning permission. The yard is available separately.

Trading hours:

Monday–Saturday 8:00am–7:30pm; Sunday 8:30am–5:00pm.

Employees:
The business is operated by the owner with some family input.
Years established:
Current owner has operated the business for 7 years.

Other Information

Related Documents: