Convenience Stores for sale in Paignton

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Freehold Price: £329,999 Price Reduced Annual Turnover: £293,540
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Business Description
• Convenience store, diverse additional products
• Income in excess of £290,000 and showing year on year growth
• Located on a prime position
• Recent full refurbishment to high standard, inc refurb 2 bed apartment, poss sub let with scope to expand

Reference;46233.Profitable and growing Freehold Convenience Store inc 2 bedroom totally renovated owners accommodation, can be sub let, in a prime main route location. Turnover for year 2016 in excess of £290,000. Freehold. Some specialist services. Excellent lifestyle opportunity with loads of potential and scope to develop/add new products, Highly profitable Freehold

This is a delightful opportunity to purchase Lynne’s Grocery Store, which occupies a prominent main road trading position, close to the seafront in the centre of Paignton, in Torquay.

This large corner store offers a full refurbishment to a higher than usual standard, a basement, and incorporates a 2 bedroom apartment on a separate title deed, which could be sub let or used as owners accommodation. This owners apartment recently underwent a £40,000 renovation/refurbishment.

The site offers excellent scope for the owner to expand upon the success and hard work that the current owners have already achieved.

The store has been owned by the current vendors for the last 35 years. Previously the shop has traded as a vhs video hire store, then an American diner and now operates, since 2013, as a convenience store specialising in high end Asian products. The store also offers a unique service of small world money transfer. This is the only store in the area offering this service with suprisingly high commissions paid. In addition the store offers Moneygram, Payzone, Parcel hub and a whole range of general convenience goods, laid out over the impressively refurbished 1200 sq ft shop floor area.

Paignton is an all year round touristic seaside town located in Torquay. The store is 10 minutes drive from the main A380 link road to the M5 and beyond and is approximately 25 minutes drive from Plymouth. Paignton has a diverse culture and honest locals, who, with the help of the tourist population support the shop well.

The store is licensed for alcohol sales, lottery, payzone, cigarettes and a whole host of household goods, in addition to everyday groceries, including some fresh and frozen products, convenience products, tinned products, cards and newspapers. The store does not offer newspaper delivery rounds but there is some demand for this from the locals. In addition the vendors introduced an Asian supply within the store which has proved the most popular a

Summary. Lynne’s Grocery Stores represents an ideal opportunity for a new owner 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 an early viewing is a must.
Tenure: Freehold

Listed by: Kings Business Transfer

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KBT46233
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