Furniture Shops for sale in Budleigh Salterton

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Unique Lockup Furniture Retailer/Emporium with Day Time Cafe

Budleigh Salterton, Devon, England

  • Leasehold Price: £55,000  Price Reduced arrow_drop_down
Seller Reference: 2092
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Business Description
 
 
 
 
 
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Seller Reference: 2092
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Business Description
THE PROPERTY
Budleigh village is a furniture retailer, second hand shop/emporium and cafe business which occupies an extensive ground floor lock up retail premises in the heart of the sought after coastal town of Budleigh Salterton. This easily operated, unique business has been owned and run by our clients for over 4 years and briefly comprises around 2000 sq ft (185.8 sq m) of overall ground floor retail space. Currently trading as a profitable furniture retailer, second hand shop/emporium, house clearances and a recently introduced café, the spacious and flexible ground floor premises would also lend themselves to a variety of alternative uses or multiple businesses uses within the same premises. There is potential for incoming purchasers to develop their own style of trade to suit their own personal requirements and to take advantage of these prominent high street premises with vehicular access to the rear.

SITUATION
Budleigh Village occupies a prominent trading position in the main street of the popular and attractive East Devon resort town of Budleigh Salterton, an extremely affluent town situated on the Jurassic Coast in an area officially designated as a World Heritage Site by UNESCO. Budleigh Salterton is a delightful and popular coastal and resort town situated in an area much renowned for its picturesque countryside, coves and beaches. With a resident population of approximately 5000 which is boosted considerably by visitors to the town throughout the year and particularly during the peak summer months, Budleigh Salterton also draws trade from the many nearby coastal villages, hamlets and towns. The town is situated around 12 miles from the city of Exeter with access to the M5 motorway which provides excellent communication links throughout the country. Budleigh Salterton is a particularly unspoilt and traditional coastal resort town with a relaxed and friendly atmosphere.

INTERNAL DETAILS
These spacious lock-up ground floor premises extend to over 2000 sq ft (185.8 sq m) and comprise: - Retail Area 1 glazed double fronted shop unit with central glazed entrance door with retail area 29' 6" max x 18' 7" max (9m max x 5.7m max). This area is situated immediately to the front and benefits from large display windows giving it a bright and airy feel. Open plan through into Retail Area 2 40' 6" x 15' (12.4m x 4.6m). Kitchen Area with fully lined walls, extractor hood, stainless steel workbenches with shelving below, flat top griddle, twin table top deep fat fryer, 2 undercounter fridges, 2 microwave ovens, Baby Belling electric hob and fridge freezer. Wash Up/Prep Room with base units and inset stainless steel sink unit, work surfaces with inset stainless steel sink and 2 hot water heaters. Cloakroom. Open plan from retail area 2 Retail Area 3 11' 7" x 12' 3" (3.6m x 3.8m). Through into Store Area/Retail Area 4/Garage Space 35' max x 19' (10.7m max x 5.8m). With full width wooden bifold doors to rear giving vehicular and pedestrian access to the rear service road.

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. All measurements are approximate.

EXTERNAL DETAILS
With pedestrian access to both the front and rear and vehicular access to the rear. Inner Courtyard/Store Area.

THE BUSINESS
The business has been successfully owner operated and specialises in new furniture, second hand furniture and house clearances alongside a popular day time cafe business. Unfortunately, due to ill health, our clients are offering this profitable multifaceted business for sale on flexible terms.

TRADING INFORMATION
Trading information for the year ending 31st December 2018 shows sales of £105,412 net of VAT with a net profit of £48,000 being achieved. Full details can be made available to interested parties following a formal viewing appointment.

OPENING HOURS
The business trades from 8.00am - 4.30pm 7 days a week. During the peak summer weeks, these hours are extended.

CURRENT STAFFING
The business is run by our clients, a husband and wife partnership, with the assistance of 1 part time member of staff.

POTENTIAL
Our clients advise that there is potential to develop all aspects of the business still further with undoubted opportunities still further for marketing and advertising including developing an E-commerce offering. There are also opportunities for incoming operators to develop their own style of trade in a manner to suit their own personal requirements and to take advantage of these substantial and flexible business premises in a prominent trading position. Given the size of the premises, there are also opportunities for multi use of the site. Our clients are prepared to offer a full hand over to interested parties, should they so require it.

EPC
C-59

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

SERVICES
All main services with the exception of mains gas are connected to the subject property.

PRICE & TENURE
£65,000 for the valuable leasehold interest as a going concern business and trade inventory. Stock to be negotiable at valuation. Vacant possession upon completion.

The business is offered by way of a new sub lease for a period of 10 years, to be granted to incoming tenants with a commencing rent of £17,000 per annum. Full details available upon request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk
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.
Number of employees:
Husband and Wife team with 1 part time member
Tenure:
Leasehold
Location Details:
Prominent trading position in the main street of the popular and attractive East Devon resort town of Budleigh Salterton, a delightful and popular coastal and resort town situated in an area much renowned for its picturesque countryside, coves and beaches. Situated around 12 miles from the city of Exeter. Budleigh Salterton is a particularly unspoilt and traditional coastal resort town.
Leasehold Term:
The business is offered by way of a new sub lease for a period of 10 years, to be granted to incoming tenants with a commencing rent of £17,000 per annum. Full details available upon request.
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