Business for Sale in HONITON, Devon SPORTS SHOP & SCHOOL UNIFORM OUTFITTERS

Leasehold Price £89,995

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Key Information

Reference: MS35939N
Tenure: Leasehold
Status: Sold
Region: Devon
Sector: Sports Shops
Annual Sales: £322,939.00 Exc. VAT
Accommodation: No

Business Information

Very profitable SPORTS SHOP, also offering SCHOOL UNIFORM, which proves very lucrative. Occupying prime HONITON HIGH STREET trading position, centrally positioned on the main shopping thoroughfare of this favoured and expanding EAST DEVON town. Nestled amongst other popular independent and national retailers, being highly visible, drawing trade from a wide catchment area.

Well maintained and presented premises, providing comprehensively fitted retail area with the benefit of a high ceiling, and fitting room. Rear service counter, inner storeroom, main storeroom, cloakroom, and mezzanine storage. Sale includes a range of equipment comprising embroidery machine recently replaced at a cost of approx. £8,000, vinyl printer and heat press. Benefiting from favourable overheads, qualifying for 100% business rate relief despite prime trading position.

A renowned unopposed business established a substantial number of years, reputed to be in the region of 55 years, under current ownership the last 10 years. Retailing a comprehensive range of sporting goods, clothing and accessories for a wide range of sports, stocking top sought after brand names, several of which are exclusive to the business. Benefiting from being the supplier of uniform to 18 schools, proving highly lucrative with a substantial number of sales guaranteed each year.

Returning a most impressive trading performance, sales and profitability continuing to increase year on year with further opportunities still available. Sales 2023 £322,939 ex Vat, Gross Profit £154,329, favourable overheads with Net Profits approaching six figures potentially available to a working couple, albeit still proving highly profitable to a sole owner operator or on a predominantly staff run basis.

Leasehold £89,995 sav Ref: MS35939N