Business for Sale in EXETER, Devon ARMY SURPLUS RETAIL & ONLINE STORE

Key Information

Reference

M37317N

Tenure

Freehold

Status

For Sale

Region

Devon

Sector

Military Stores

Annual Sales

£151,588.00 Exc. VAT

Accommodation

No

Business Information

Famous niche RETAIL OUTLET with ONLINE presence, established 1937, dealing in ARMY SURPLUS and associated products, incudes workwear and general camping kit. Occupying EXETER CITY CENTRE trading position, contained within unique rarely available FREEHOLD premises with planning permission for flats offering a DEVELOPMENT opportunity. Situated within bustling shopping area, occupying highly visible corner sited trading position, surrounded by other popular independent businesses, close main High Street, The Quay, railway station, residential and student areas.

Character premises extending over multiple levels, also includes additional self-contained unit which is rented out to provide additional income. Offers main ground floor retail area complete with workshop, storage, access to basement storage, and independent first floor storage. Additional first floor offering kitchen and 2 stock rooms with planning permission held for 1 bed flat. Further second floor offering cloakroom and 2 stock rooms, also with planning permission held for 1 bed flat.

Destination business in same family hands nearly 90 years, commanding excellent reputation, enjoying strong following with no real direct competition, attracting regular substantial trade from the nearby Commando Training Centre with its regular intake of new recruits throughout the year. Offering a huge range of stock items – clothing, footwear, and accessories, with lucrative supplier base. Sales £151,588 ex Vat, Gross Profit £103,198, equates to impressive 68%, ensuring a profitable business. Opportunities still available through development of online sales.

Freehold £280,000 sav, Ref: M37317N