Very Well Known Business – Established 48 Years!
Busy Pedestrian Street Linking Sea Front and Town Centre
Approx. 800 sq ft shop and Ample Storage
New Frontage, New CCTV
The shop is located in one of most quaint streets in the old part of Weymouth which has many interesting shops and cafes. The road is brick paved and is closed to traffic in shopping hours. St. Alban street is a through route between the sea front and the town centre and has a heavy footfall.
This is is one of the best known businesses in Weymouth and is now serving the grandchildren of the first customers who patronised this business 48 years ago. The style of trade has changed little except that newspapers and cigarettes are now not sold, replaced by higher profit lines such as cool drinks and slush puppies. The shop is spacious and well equipped, alarmed, air conditioned, with new frontage and cctv system. There are good staff facilities.
Tenure The premises are held under the terms of a 25 year lease which commenced in 2016 and the current rent is £15,000 p.a.
The Business A traditional seaside shop selling a wide range of goods including gifts, toys, beach goods, confectionery including seaside rock, post cards, cool drinks and slush puppies etc. There is potential for ice cream sales directly onto the street (subject to planning controls) The business is run seasonally by a single proprietor with staff and opens from 9 a.m. to 5 p.m. Including Sundays, and in the peak summer opening into the evenings according to weather etc.
The business was taken over in the summer of 2016 and improved and stream lined with a better layout, new signage, new cctv system but is being offered back to the market due to family reasons. The business is open from April to October and the agents are informed that last year the takings averaged £2,400 p.w. ex vat. the business trades over a restricted period due to family circumstances and from the agent's knowledge of this business with an opening period before Christmas a projected turnover, excluding vat, of approximately £120,000 p.a. would be achievable.
The business is rated below the threshold for paying rates - NO BUSINESS RATES PAID!
Price: Only £25,000 for the lease, goodwill, fixtures, fittings etc. Plus stock at valuation (approx. £20,000)
EPC: Exempt. Grade II Listed.
Tel. Lawrence Wright; Specialist Business Agent; 01747 228941