Hilton Smythe welcomes to the market Exeter Surplus Stores, For Sale after many years sucessful trading, owing to our clients wish to take a well-earned retirement.
Effectively an Army & Navy Surplus store which has grown enviably over the years into a ‘go to’ store for everything outdoors. Sports, fishing, surplus military wear and supplies, tents, clothing, camping, hiking, boating, cycling, work attire, DIY, tooling and machinery. Both online and in store, Exeter Surplus offers a diverse range of quality equipment and goods for the outdoor pursuits sector, at keen price points backed by good old fashioned knowledge and customer service.
Locally and more widely renowned with excellent destination foot fall, the business boasts an excellent reputation and serves Exeter and the wider community with a local population circa 130,000 and a wider commuter population of around 400,000 people. Benefiting an engaging and informative website www.exetersurplus.com which also has a solid e-commerce section, the business also makes good use of social media and sites such as Ebay.
Although an already busy, popular, and successful business with a great reputation and consistent financials, there is still much room for organic growth and scope. Ideal as a small family unit operation.Location
The business is situated on a busy Exeter based business park, within the county of Devon
Easily located with prominent visible A’ boards and signage, at an entry exit end of this busy business park on the outskirts of Exeter. Marsh Barton is a popular and well-known trading location with plenty of complementary businesses and an array of operators both independent and corporate from local garage services, to Sainsburys and Frankie & Benny’s.
With excellent public transport links including a city centre park & ride, Marsh Barton is a busy industrial, retail, and business park, close to Exeter City Centre just off the main M5 motorway network. As the largest of the South West’s business parks, Exeter centre is only circa 2 miles away. Covering 1.2 square miles, there are around 500 different diverse businesses on site, including Europe’s largest motoring centre.Premises
A well positioned dual premises operation either side of a main yard, including shop floor premises, and warehousing, office, storage. Circa 430 sqm.
Largely open plan retail space with gondola, and rack mount shelving.
Central counter and servery.
Over the yard is a good sized useful office space, storage, warehousing, staffing and ancillary area.Tenure
We are advised the business is being sold as a Leasehold business opportunity plus stock at valuation.
Original lease length: 3 Yearly reviewable lease term
Remaining lease length: 2 years
Review period: 3 yearly
Rent: £27,000 pa.Hours
The business opening hours:
Monday to Friday: 08:00 to 17:00
Saturday: 09:00 to 17:00
Sunday: 10:00 to 15:00Staff
The business is currently run by a hands-on owner operator with the help of 2 full time family membersFinancial Profile
Accounting information for the year ended 2016 shows a turnover of £202,535 with a gross profit in the region of 44%, and a net profit of £35,661.