Business for Sale in OTTERY ST MARY, Devon HOUSEHOLD SUPPLY STORE

Key Information

Reference

HA35505N

Tenure

Leasehold

Status

For Sale

Region

Devon

Sector

DIY and Hardware Stores

Annual Sales

£146,533.00 Exc. VAT

Accommodation

No

Business Information

Famous HOUSEHOLD SUPPLY STORE, offering extensive range of HOMEWARE. HARDWARE, KITCHEN & COOKWARE, GARDEN & PET SUPPLIES, CAMPING ACCESSORIES and much more, a destination outlet, stocking items not easily found elsewhere. Occupying one of the best trading positions within the popular and expanding EAST DEVON town of OTTERY ST MARY, fronting the main ‘Square’ highly visible and easily accessible, surrounded by other popular businesses and residential areas.

Traditional ground floor premises, eye catching double frontage, particularly spacious, in the region of 1,800 square feet, enjoying favourable overheads, rent just over £170 per week, receives 100% business rate relief. Well organised and presented into a number of retail display areas, also offers some storage, an office and cloakroom facilities.

Renowned business, established in excess of 100 years, under current ownership 17 years, retirement sale after many successful years, enjoying a strong following ensuring regular repeat custom. Consistent levels of trade, Sales 2023 £146,533 ex Vat, Gross Profit £63,501 (43%), very low day to day overheads, producing average Net Profits in excess of £45,000, benefiting from being easily manageable, with only 1 person required in the store at any one time representing a rare business opportunity.

Leasehold £39,995 plus SAV iro £27,000 Ref: HA35505N