Convenience Store located on the English

Paignton, Torbay
REF: 0831

Asking Price:
£449,000
Annual Turnover:
£608,000
Annual Net Profit:
TBC
Recently Sold
REF: 0831
Photo of Convenience Store located on the English

Overview

Tenure:
Freehold
Established:
TBC
  • WT: £11,500+ (Retail)
  • Annual Turnover: £608,000 (2012)
  • High and increasing Net profits
  • Fitted to a high standard throughout
  • Large Owners' Accommodation
  • Viewing is Essential

A superb freehold opportunity to take on a thriving convenience store in the popular location of the English Riviera, Devon. The business benefits from being within a well populated residential area, several schools and an English Language center are also in close proximity. The immediate area has countless visitors, many of whom are attributed to tourism.

Entrance into the building leads into a split level rectangular sales floor with the sales counter to the left hand side upon entrance. Due to being L shaped, the sales floor offers a high amount of retail space.
The service counter has two position epos touch screen tills with the main computer in the rear office. The aisles run lengthways through the shop and the floor is divided into separated areas for newspapers and alcohol etc. Chilled and frozen food is kept in various chiller and freezers in the store with the main chiller being approx 5 meters long.
The rear office area also contains a small stockroom through which entrance can be gained to the substantial living accommodation. In addition access to the dwelling can be gained externally.
The living quarters is a good standard family house over two floors with 5 bedrooms. (four doubles), bathroom, 3 reception rooms, kitchen, utility room and a downstairs WC.

Intelligent Business Transfer are delighted to offer to the market this rare opportunity to purchase a superbly positioned convenience store within the popular town of Paignton of the English Rivera.
The business is well established, believed to have been trading since before 1948 and due to its prominent location, benefits from a huge footfall from the surrounding inhabitants for their daily requirements.
The shop has been trading under the Premier symbol group for about 7 years and is well known in the Paignton area. Although the shop is well cared for, Premier has indicated that a facelift would be available for a future owner..
The business currently opens 7 days a week which generates a turnover of approximately £608,754 per annum with a gross profit of 19%. Sunbury Stores offers an extensive range of products including extensive convenience lines, alcohol, groceries, gifts and hardware, along with Paypoint facilities and the Lottery.
The business has fantastic living accommodation above which comprises a 5 bedroom family house with external land and large living areas. As a result, this would make for a superb family ran business.
The current owner has had the business for over 8 years and is looking to sell in order to relocate. Currently the business is in a healthy state and still offers excellent potential for growth.
Due to the location and popularity of the business we advise early viewings.

Location

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

Refine

Miles
£
£
£
£
Timed popup