Convenience Stores for sale in Newquay

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Busy Convenience Store in Newquay

Newquay, Cornwall, England

  • Freehold Price: £550,000
  • Annual Turnover: £300,000
Seller Reference: 1309
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Business Description
 
 
 
 
 
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Seller Reference: 1309
Request Details
Business Description
Falcon Commercial is delighted to offer for sale this well-presented Licensed Convenience Store which stocks a good selection of beach goods and fashion clothing. It has been under the proud ownership of our client since 2009 during which time they have made considerable investment and improvements to reflect changing markets over the years. It is now being offered for sale due to the owner’s ill health. During our client’s stewardship the business has built up an excellent reputation for its friendly service, keen prices along with a great range of additional products.

Bank Street Stores enjoys a highly visible trading position in the highly sought after town of Newquay which is in Cornwall. It benefits from self-contained good sized two bedroom owners accommodation. Many rooms benefit from uninterrupted sea views.

Bank Street Stores is run by our clients with help from a dedicated team of part time staff. It generates a turnover in the region of £300,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover possibly by running a modest marketing campaign or by extending the opening hours to include early mornings.

This rarely available opportunity is not to be missed and early negotiations with Falcon Commercial come highly recommended.

The Premises
Substantial and well maintained Freehold building, benefiting from being in a highly visible position in one of the main shopping streets in Newquay. The area contains an excellent mix of complimentary independent owned businesses as well as numerous national companies.
The premises has been well maintained and are fitted and presented to high trade specifications throughout. These charming premises provide outstanding and highly functional internal business accommodation along with very comfortable living accommodation that benefits from sea views.
The premises briefly comprise:

Ground Floor
• Shop – fitted with an array of quality well-made quality shop fittings that include: large chilled display unit, several display freezers, CCCTV system, suspended ceiling etc
• Loading area/Store room
• Toilet

First Floor owner’s accommodation
• Lounge
• Kitchen
• Bedroom
• Bedroom
• Bathroom

External
• Good sized parking area
• Store room

Business Details

Opening Hours
• 8.00am – 10.00pm Monday to Sunday

Turnover
• £300,000 Per year

Business Rates
Business rates payable: £10,000 per year
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

Stock
The business stock value is: £40,000

Staff
The business is run by the proprietor with help from a dedicated team of part time staff who work on an agreed rota basis.

EPC
Commercial Energy Performance rating: TBC

Planning
Potential tenants are advised to make their own enquiries to Cornwall Council

Tenure
• Freehold

Legal Costs
Each Party to bear their own legal costs incurred in the transaction.

Accounts
Accounts will be provided to genuine purchasers after a formal viewing

Viewing
Strictly by appointment with the vendor’s agents, Falcon Commercial, Second Floor Offices 114/116 High Street Honiton EX14 1JP on 01404 758081

Agents Note
Please remember that selling a business can be a sensitive issue and staff or suppliers may not be aware of a sale at this point. Do not attempt to contact the business directly. Thankyou
Tenure:
Freehold
Is accommodation included?:
Yes
Location Details:
Newquay is world famous for surfing with some of the best surfing beaches in the world. It has a busy town centre containing a good mix of shops bars and restaurants. Newquay has its own airport with flights all over the world. It enjoys excellent links being on the A392 which connects to the recently upgraded main A30.
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