• Income 2013 in excess of £575,000 and growing
• Located in a prime city centre area
• Excellent shop premises with accommodation with scope to expand, growing annual income
Profitable and growing, freehold convenience store and off licence. In a prime location in Devon. Turnover for year 2013 in excess of £575,000. Development potential of flats or living accommodation. Excellent location serving local people and local businesses with no major competition. Freehold. Ref 43439
This is a rare opportunity to purchase a business located within a popular city in Devon, on a freehold basis, such as what this business offers. The store occupies the ground floor of an end of terrace Victorian built property, and offers huge scope to the seasoned shop keeper to develop further, with the added benefit of a 2 bedroom owners accommodation, or rental flat above, having its own separate entrance. The property and shop is fully functional, but minor renovation/decoration work is required offering the potential new owner the scope to make it theirs.
Owned by the current vendors since 1990 the stores has been in the area for over 50 years and has grown and developed with the area around it.
The stores recently purchased additional paper rounds from a competitor who closed down, and now has in excess of 11 rounds on its books.
The business offers a genuine opportunity to purchase a growing business for a seasoned operator, with huge potential for developing further, as the vendors now wish to retire.
The store is licensed for alcohol sales, cigarettes and a whole host of household goods, in addition to everyday groceries, including fresh and frozen products, locally sourced meat products, ready meals specialist ice creams, tined products and newspapers. Growing in reputation the vendor has projections for the store to turnover in excess of £600,000 within the next 12 months. There is additional scope to renovate the flat, which has its own separate entrance to develop additional income, or could be modified to provide an exceptional owners accommodation. Some work would be required to complete this.
This is a totally rare opportunity to acquire this business with growth potential, and a growing turnover. Due to the location and scope viewing is strongly recommended as demand is expected to be high.
Summary. This business represents an ideal opportunity for a seasoned business owner, or first time business buyer, to acquire a business in a unique position with exceptional potential, in a desired location offering excellent scope to develop further.
The business represents an ideal opportunity and demand is expected to be exceptionally high, therefore early viewing is a must.
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