Established Sports Equipment Store In Devon | | Ilfracombe Devon | | Sports Equipment Store Ilfracombe, Devon T/O: £165,000 GP: 36% Scope to increase turnover Popular town centre Good trading location 3-bedroom owners' accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57795
ADVERT IMPRESSIONS : 6,934 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Sports Shops | | SALE: | Agent Sale | FREEHOLD: | £299,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Variety Sports occupies the ground floor of 3-storey mid parade premises ideally located on a busy shopping street close to the harbour in Ilfracombe, Devon. The business benefits from a high footfall and is popular with local fisherman. There is a wide range of complementary shops and businesses in the area and ample car parking close by. Ilfracombe is a vibrant coastal town, which is popular with day-trippers, tourists and sports enthusiasts and lies close to Exmoor National Park. The business enjoys easy access to the A361 and the A399. Barnstaple is approximately 12 miles to the south.
Business History
Preferred Commercial is delighted to offer for sale this well-established sports equipment store, which has been operated by our clients since 1991 and which is only now offered to the market due to our clients' wish to retire. Variety Sports offers a wide range of stock including fishing tackle, bait, all-weather clothing, sports guns and ammunition. The large premises also boast 3-bedroom owners' accommodation to the first and second floors. Our clients have built an enviable reputation in the town, which ensures much repeat trade from local fishermen and word of mouth recommendations. The business currently trades six days per week and generates a turnover in the region of £165,000 per annum with a gross profit of 36%. We feel the business could be enhanced with the addition of a quality website containing information about available stock and incorporating an on-line ordering system. There is also scope to rent out the accommodation, which would further enhance the turnover. This is an ideal life-style change opportunity, offering the new owner an already profitable business with accommodation in a vibrant town centre location. Early discussions with Preferred Commercial are highly recommended.
Financial Details
T/O: £165,000 approx.
GP: 36%
Opening Hours
Mon - Sat: 9.00am to 6.00pm
Sun: Closed
Accommodation Details
3-storey mid-parade retail premises with owners' accommodation. Briefly comprising:
Ground Floor
• Sales area with display cabinets to walls housing sports guns, racking and floor carousels with fishing rods, shelving with accessories display, hanging rails for clothing display, 4 x glass display counters housing fishing reels and hunting knives, well-presented window display with fishing rods and angling equipment
• Stock room with racking and shelving to perimeter walls
• Re-enforced gun room housing sports guns and locked cabinets for ammunition
• Further store room with external door
First Floor
• Kitchen with wall and base units
• Lounge with 2 x sash windows with views towards the harbour
• Bathroom with wash basin, WC and bath with shower over
Second Floor
• Master bedroom with views towards the harbour
• Double bedroom
• Single bedroom
• Linen cupboard
External
• Yard to rear
• Prominent glazed frontage onto main street
Property protected by digital intruder and fire alarm system
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2160 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
