• Highly visible main road trading location
• Huge scope to improve turnover & profits
• Excellent local reputation
• Just off the sea front
• Fantastic change of lifestyle opportunity
• Good mix of complementary businesses nearby
Falcon Commercial is delighted to offer for sale this discount store that focuses on the sale of value for money products. The long established business has been under the proud ownership of our clients since 2003. It is now reluctantly being placed on the market as the vendor wishes to retire. During our clients stewardship the business has built up an excellent reputation for its welcoming atmosphere and good service.
Pound Preserver enjoys a central main road trading position. Shoppers are attracted to the area by the fantastic sandy beach as well as the range of independently owned and multiple businesses. This thriving opportunity is operated as a multifaceted business offering a comprehensive range of discounted homeware, DIY, stationery, pet, gardening, kitchenware, personal and travel products.
The business has built up an excellent reputation for its welcoming atmosphere and Regular trade is enjoyed from the surrounding residential community together with visitors who flock to the town particularly in the summer months, the premises would suit a variety of retail lines, new owners can continue with the current theme or may wish to introduce other lines
Pound Preserver is run by our clients. The business is run at a pace to suite the owner and generates a turnover in the region of £45,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover by extending the opening hours as well as developing the on line side of the business which currently accounts for a small amount of the total business sales.
This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended
Substantial and well maintained building, benefiting from being in a highly visible corner position, on one of the main roads that runs through Minehead town centre. The premises are fitted to high specifications throughout and benefit from air conditioning as well as a 6 camera cctv system.
The premises briefly comprise:
• RETAIL AREA, containing a full range of modern, high quality fixed and freestanding purpose-built display racking, shelving and carousel units for an extensive selection of discounted general and fancy goods, in addition to a prominent, fully fitted display point-of-sale counter area with a 2 lane epos system.
• The rear the premises provide further ancillary business accommodation which consists of a large general storeroom.
• Parking in a shared rear yard
• 10.00am – 5.00pm Monday – Friday
• 9.30am – 5.00pm Saturday
• 11.00am – 4.00pm Sunday
• £45,000 Per year
Business rates payable: £7,400pa
The rateable value is £18,250 . Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk
The business stock value is: £7,000 approx. which could be substantially reduced if required.
The business is run by the proprietor with help from 1 part time member of staff
Commercial Energy Performance rating: TBC
Potential purchasers are advised to make their own enquiries to West Somerset Council Planning Telephone 01643 703704 or email email@example.com
• Leasehold – The business id being offered with the benefit of a new lease to suitable applicants.
Each party to bear their own legal costs incurred in the transaction.
Accounts will be provided to genuine purchasers after a formal viewing.
Please contact us to discuss the finance opportunities for this business. We work with commercial mortgage brokers and high street lenders. If you have spoken about finance its always wise to get an alternative quote!
Minehead has the best of seaside and countryside locations. Set at the edge of scenic Exmoor, yet on the coast, it is the official start of the South West Coast Path and the West Somerset Coast Path.
The picturesque harbour with its RNLI station and shop, also hosts summer pleasure boat cruises on the paddle steamer Waverley and motor vessel Balmoral. Anglers can book trips on the coastal fishing boats too. Also on the quay is the sailor´s church, St Peters on the Quay, which started life as a store in the 1600´s and converted to a chapel in the early 1900´s
The promenade with its cafés, bars and shops offers access to the sandy beach and spectacular views across to North Hill. West Somerset Steam Railway station is located across from the promenade, offering a wide variety of day trips on the beautifully restored railway engines and carriages, visiting picturesque stations as it winds its way through the countryside. The Avenue leads up from the seafront, incorporating a variety of shops, bars and restaurants. Also located here is the Regal Theatre, offering a year round variety of entertainment.
Minehead is the Northern Gateway to Exmoor and the area´s largest town. It is ideally situated to explore the beauty of Exmoor, Dunster and the Quantock Hills, which is the reason why many visitors return year after year.
The business id being offered with the benefit of a new lease to suitable applicants.
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