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

Leasehold Price £89,995

Key Information

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

Business Information

Top performing SPORTS RETAIL OUTLET and SCHOOL UNIFORM OUTFITTERS proving very lucrative. Situated in the vibrant EAST DEVON market town of HONITON, occupying a prime highly visible and easily accessible High Street trading position, fronting the main shopping thoroughfare, nestled amongst other independent and national retailers, drawing trade from a wide catchment area.

Particularly well-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 more or less 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  

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