Convenience Stores for sale in Whimple

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Attractive Village Stores & Post Office For Sale

Whimple, Devon, England

  • Freehold Price: £425,000
  • Annual Turnover: £264,406
Seller Reference: 2119
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: 2119
Request Details
Business Description
THE PROPERTY
Whimple Stores is an attractive character property and well-regarded village shop. Incorporating the Post Office, the business occupies a prominent trading position in the centre of the popular East Devon village of Whimple. Owned by our clients for 7 years, the property has benefitted from continued investment and improvements during this time, including the recent refurbishment of the shop with commercial non-slip flooring fitted throughout. The substantial character property briefly comprises: - Character Retail Area with Post Office Counter and which also offers some seating for teas and coffees and a Stock Area. The Owner's Accommodation is totally self-contained and particularly spacious and offers a Character Sitting Room, Spacious Kitchen and Dining room, Utility Room, 4 Double Bedrooms and a Family Bathroom. To the rear is a large enclosed split-level rear garden with lawned areas, vegetable patch, covered storage, greenhouse and a storeroom. Opportunity to purchase a profitable and well-regarded business combined with an impressive family home, and a viewing is recommended.

SITUATION
Whimple Stores occupies a prominent and highly visible trading position in the centre of the village on The Square, enjoying a most attractive setting, overlooking the village church and benefiting from unrestricted car parking immediately to the front. Whimple is a popular and much sought-after East Devon village, with an active village community and which benefits from two pubs, a primary school and a railway station, being on the Exeter to London Waterloo line. Transport links are excellent, with the A30 dual carriageway being approximately one mile away, which provides swift access to the city of Exeter (9 miles) with its international airport and motorway access, the market town of Honiton (10 miles) and Ottery St Mary (3 miles).

INTERNAL DETAILS
Character wooden framed Georgian style glazed double frontage with additional return frontage, glazed entrance door opening into Character Retail Area with newly fitted non-slip flooring throughout, freestanding tables and chairs providing 9 covers for teas and coffees, ceiling lighting. Bread display, feature fruit and vegetable display, freestanding display shelving for teas, coffees and dried fruits, extensive adjustable wall display shelving. 2 central double-sided sales gondolas, stationery display dresser, 2 double glass fronted upright fridges, 2 double glass fronted upright freezers, single glass fronted upright fridge, off licence display and confectionary display. To the rear of the shop is a substantial 'L' shaped serve over counter which incorporates an open plan Post Office Counter with electronic till and electronic weigh scales. To the rear of the counter is an area fitted with base storage units, work counters, wall storage units and stainless steel sink unit, with coffee grinder, commercial coffee machine, microwave oven, under counter fridge and dishwasher. Stock Area with racked storage shelving units.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

OWNER'S ACCOMMODATION
A real feature of this business is the spacious and totally self-contained family sized owner's house. Private Entrance Door to the front, adjacent to the shop into Entrance Vestibule with storage cupboards and glazed inner door into Sitting Room a character room with dual aspect windows to the front, solid wood flooring, feature fireplace with wood burning stove and exposed ceiling beams. Kitchen/Dining Room with tiled flooring, rear aspect and access to garden, fitted with an extensive range of modern base and wall mounted kitchen units and complementary worksurfaces with stainless steel sink unit, and space for a dining table. Utility Room with rear aspect and back door to the garden, also fitted with a range of modern base and mounted kitchen units and complementary worksurfaces with stainless steel sink unit and floor standing boiler. Stairs from the Sitting Room rise to First Floor and the landing area, leading off is the Family Bathroom with toilet, vanity hand washbasin and bath with shower over. Main Bedroom a particularly spacious double room with triple aspect and fitted wardrobes. Bedroom 2 a double room with front aspect. Bedroom 3 a double with front aspect. Bedroom 4 a double with side aspect and fitted wardrobe.

EXTERNAL DETAILS
To the rear of the property is a large, split level south facing Garden which is accessed from the main house and incorporates a Covered Storage Area and Storeroom. Main Garden Area being fully enclosed and mainly laid to lawn with a small vegetable patch, greenhouse and houses oil storage tank.

THE BUSINESS
This impressive business has gone from strength to strength and an opportunity now exists for new owners to purchase this profitable business opportunity, combined with a spacious family home, in a most sought-after East Devon Village. Our clients purchased the business in 2013 with the Post Office subsequently being acquired in 2014. Under current ownership the property has been subject to considerable investment and improvement including refurbishing the shop and adding new equipment and the business has shown year on year sales growth, during our client's ownership. The business enjoys good levels of regular repeat local trade, together with some passing trade, such is the ease of access and car parking. Operating as a modern convenience store, retailing groceries, fresh bread and cakes, household items, dairy lines, frozen foods, fruit & vegetables, hot and cold soft drinks, beers, wines and spirits, snacks & confectionary, newspapers & magazines (counter sales only), stationery and greetings cards. The business benefits from being a Post Office Local Plus outlet, the serving of fresh teas and coffees proves popular and the seating offers a place for locals to meet. The business is reluctantly offered for sale due to family commitments and an employment opportunity.

TRADING INFORMATION
Accounting information provided confirms this is a solid, reliable and profitable business with year on year growth in sales. Accounts for the 31st March 2020 show sales amounted to £264,406 excluding VAT, Post Office Commission amounted to £8,532 producing an overall gross profit of £73,279. The low day to day overheads, especially if operated by a fulltime working couple, ensures the business remains most profitable. Full detailed trading information can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
Trades easy hours to suit the lifestyle of the vendors, opening Monday to Friday 8.00am - 6.00pm; Saturday and Sunday 9.00am to midday. Scope exists to increase opening hours should new owners so wish.

CURRENT STAFFING
Owned and operated by our clients, a husband and wife partnership, albeit due to other commitments only one of the partners works full time in the business, assisted by 3 part time members of staff. 2 of which can cover the Post Office.

POTENTIAL
The sale of Whimple Stores provides an opportunity to acquire a growing and profitable business which still offers potential to develop many aspects of the trade still further. Coupled with this is a substantial and versatile property occupying a large plot in the centre of this desirable village.

EPC
D - 96.

RATING
We are advised that the business rates are currently nil, after 100% rate relief. For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website

SERVICES
All mains services are connected to the property with the exception of mains gas. Oil fired central heating.

PRICE & TENURE
£425,000 for the valuable freehold interest as a going concern business and full trade inventory. Stock to be additional at valuation. Vacant possession upon completion.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel: . Email:
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Is accommodation included?:
Yes
Number of bedrooms:
4
Location Details:
Whimple Stores occupies a prominent and highly visible trading position in the centre of the village on The Square, enjoying a most attractive setting, overlooking the village church and benefiting from unrestricted car parking immediately to the front. Whimple is a popular and much sought-after East Devon village, with an active village community and which benefits from two pubs, a primary school and a railway station, being on the Exeter to London Waterloo line. Transport links are excellent,
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