Business for Sale in HORRABRIDGE, Devon CONVENIENCE STORE

Key Information

Reference

G35996N

Tenure

Freehold

Status

For Sale

Region

Devon

Sector

Convenience Stores

Annual Sales

£520,483.00 Exc. VAT

P.O. Salary

£6,356.00

Accommodation

Yes

Business Information

Unopposed CONVENIENCE STORE, taking £10,000+ ex Vat per week plus commissions, substantial and desirable WEST DEVON village, within easy reach of the City of PLYMOUTH, and the town of TAVISTOCK, situated within DARTMOOR NATIONAL PARK yet easily accessible, close commuter and holiday routes. Occupying central village trading position, fronting primary route through the village, popular with walkers and cyclists, with bus stops close by, surrounded by popular residential housing, benefiting from unrestricted on street car parking ensuring easy access.

A deceptive and substantial detached property, the shop area the subject of recent investment of approx. £30,000 to include new chilling equipment. Provides comprehensively fitted and equipped ‘L’ shaped air conditioned retail area, main storeroom, secondary storeroom, office, kitchen, and cloakroom. Benefits from spacious self-contained accommodation, previously 2 flats, now offering sitting/dining room, kitchen, 3 double bedrooms, bathroom, utility/cloakroom, courtyard garden, and car port, with added benefit of gas central heating and uPVC framed double glazing, ideal for owners.

Thriving business with no direct competition and increasing sales, same ownership last 17 years, benefits from Post Office Local, Paypoint, Lotto & EVRI proving popular. Sales 2023 £520,483 ex Vat, additional Commissions £6,356, combined Gross Profit £138,328 (26%), all from favourable hours, closing 8.00pm latest. A most efficiently managed business which can be operated by 1 person/staff member the majority of the time, the owners predominantly operating in a supervisory capacity, potential adjusted Net Profits in excess of £90,000 to owner operators, with further opportunities still available to develop the business.

Freehold £515,000 sav Ref: G35996N