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Modern convenience store in historic South Devon village with growth potential for owner-operator

Undisclosed, Devon

CONFIDENTIAL

  • Leasehold: £160,000
  • or
  • Freehold: £650,000
  • Turnover: £676,000 (£13,000 per week)
  • Profit: Not Applicable

Business Details

CONVENIENCE STORE



Modern CONVENIENCE STORE, unopposed within large SOUTH DEVON historic village, ideally placed for the coast and countryside, both NEWTON ABBOT and TORQUAY within easy reach, assisted by excellent road network, the main A380 Devon Expressway only a short drive away. Occupying valuable central village trading position, next to car park with additional on street car parking ensuring easy customer access, surrounded by other businesses and popular residential areas.

Detached lock-up premises of more than 2,000 square feet, the subject of recent £90,000 investment in the form of a comprehensive refurbishment to include new chilling equipment, EPOS, and CCTV, with no major expenditure considered necessary. Very smart air-conditioned retail area, abundance of storage to include walk in chiller and freezer, staff and office facilities, very useful enclosed independent side delivery bay which can also offer private car parking.

A well known store which has reputedly been in existence some 70 – 80 years, serving the surrounding residential community and visitors to the area. Taking in the region of £13,000 per week, has been considerably more, excellent Gross Profit margins, benefiting from Lotto, Paypoint, and Amazon Locker, still offers opportunities to build on current trade though introduction of Bake Off/Food to Go, and hot drinks. An efficiently operated and easily manageable business, can be single manned a great deal of the time, suit owner operator.

Freehold £650,000 sav OR Leasehold £160,000 sav, Ref: G37020N

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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