Greengrocers for sale in Matlock

View the "General & Gift Store Popular With Tourists & Locals" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £79,999 Price Reduced Turnover: £269,500 Gross Profit: £69,040
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Business Description
BUSINESS
Matlock Bath General Store was established in August 2013 and Curious Inspirations Gift Shop was added within the store in February 2015 and generates a high margin of profit.

The reason for sale is to allow our clients to retire after fulfilling an ambition and establishing the businesses which continue to grow with much scope for expansion into the future.

The General Store provides groceries, dairy products, fresh meats, fruit & vegetables, soft drinks, alcohol, tobacco products, filled rolls, snacks, sweets, toys, souvenirs, novelties etc. and is the only General Store in the village, thus benefitting by being the sole provider for many everyday lines.

The General Store benefits from a personal license for the sale of alcohol as an off-sales provision, which is the only outlet in the vicinity for this.

The gift shop, Curious Inspirations which is run as a separate business generates high margins of profit and has an eclectic mix of gifts to suit the needs of the customers, with seasonal additions when required. The array of gifts on offer include lines from leading designers in specialist fields.

The customer base consists of numerous groups; this includes locals, large tourist numbers especially throughout the season, business owners and their staff and many local cafes, restaurants and pubs in the village. The store is also a main source of supply for the holiday makers renting out holiday lets. In the area

Matlock Bath General Store has a Facebook page and Curious inspirations has a website  www.curiousinspirations.co.uk.

Development of the store can be achieved in many ways and depends on the ambition and imagination of the vendors. Some additions which could increase footfall are daily newspapers, National Lottery, soft ice cream sales during the season and many new lines within the store. Ideally this would suit a couple with drive, energy and an insight for creating new openings.

LOCATION
Matlock Bath General Store and its sister business Curious Inspirations Gifts is located in the Victorian village of Matlock Bath in the heart of Derbyshire.

Ideally situated on a main parade in this picturesque and sought after location. The Parade follows the curve of the River Derwent for half a mile with a backdrop of limestone cliffs and the popular Lovers Walk beneath. The store benefits from many local traders in need of café supplies or lunch for employees from the many businesses in the area, plus local residents and tourists.

Street parking is available along The Parade, free for up to one hour and pay & display car parks are situated at each end of the village.

Matlock Bath is situated on the A6 which is the main artery to The Peak District and benefits from the passing trade this generates.

This is also the route for a regular bus service from Derby to Bakewell and the Trans Peak hourly service between Derby and Manchester. An hourly train service provides a very popular alternative transportation mode to tourists.

PREMISES
FRONT OF PROPERTY

The store is double fronted with a large display window on either side of a double door entrance which benefits from 3 halogen lights, fixed above the fascia during the darker months. The store windows are engraved with the store name. Free standing signs are placed outside on a terrace area, one for each business also stating goods on offer.

The terrace space is very useful for the seasonal months, with a depth of 2 metres from the shopfront, covering the width of the store. This is used for external placements of spinners and sales bins which attract a lot of custom and sales. The pavement as a whole is approximately 4 metres from store front to kerb.

GROUND FLOOR

The General Store has a floor area of almost 100 square metres plus an office/store and toilet /store with sink. It has a laminate floor with florescent lighting and spotlights throughout.

Store equipment includes: -

Full height adjustable retail shelving

Double sided gondola shelving

Slat boarding and hooks

2 full height cooler units

Glass topped chest freezer

3 tier ice cream freezer

EPOS till with a spare

Remote bar scanning device which makes ordering simple and easy.

PayZone terminal

Electronic scales for weighing fruit and veg

Electronic note scanner

Card terminal

2 drawer units for tobacco products

Colour printer/scanner

Label printer, connected to the till system

The counter has open storage underneath

Industrial compressor

Mug printing press and printer

Candy floss machine

3 lit glass cabinets

14 floor standing spinners

Curious Inspirations Gift Shop has an area of approximately 15 square metres.

Store equipment includes: -

Full height glass shelving units with low level cupboards

Lit floor standing glass corner cabinet

2 floor standing glass cabinets

Display shelving

The General Store premises benefit from a WI-FI router and an overhead door heater to the entrance.

The premises are covered by 4 CCTV cameras c/w monitor and there is a fully fitted intruder alarm system which is linked to a monitoring station and directly sent to the police database.

 

EXTERNAL

A locked gate to the side of the shopfront allows access to a passageway leading to a courtyard where the large wheelie bin is stored. This can also be accessed via a pair of French doors to the rear of the store. The courtyard is fully enclosed by the shop to one side, a high boundary wall to the adjacent property on the other and a limestone cliff face to the back.

TENURE
The business is being sold as a Long-Leasehold business opportunity.

Original lease length: 9 years.

Remaining lease length: 4 years 9 months as of November 2017.

Review period: 2 years.

Rent: £16,500 per annum.

Business Rates £475.00 per annum (reduced from £6,650.00 in the 2016 rates review)

Flexibility of landlord to renew is not an issue.

HOURS
The business opening hours:

Monday - Saturday: 9.00 - 18.00

Sunday: 10.00 - 17.00

These opening times are set to suit the disposition of the current owners but can be increased to gain extra footfall if required. The only limitations in place would be the alcohol licensing hours which run from 7.00am to 10.00pm daily.

STAFF
The business is run and managed by the vendor and his partner.

FINANCIAL PROFILE
Matlock Bath General Store & Curious Inspirations generated a combined turnover of circa £270,000 as of the 2016/17 accounts, with a gross profit of £69,000.


Tenure: Leasehold

Listed by: Hilton Smythe
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