THE BAY SURF SHOP, WOOLACOMBE, ENGLAND,
FOR SALE: £50,00 to include goodwill,shop fixtures, fittings and equipment.
STOCK (at cost price) : £100,000 - £150,000
The Bay Surf Shop is a Limited Company based at Woolacombe Beach in North Devon, The beach is one of this country's premier surf beaches and has been voted "Best Beach in Britain"on Trip Advisor a number of times !
The business is generally regarded as a "surfers surf shop"specializing in quality boards, wetsuits,accessories and have gained a reputation for offering accurate and honest advice. Bay Surf Shop has a huge number of regular and loyal customers.
REASON FOR SALE: Owner retiring
SHOP RENT: £13,000 p.a. until 2022 - £14,000 p.a. 2022- 2027
LEASE: 9 years remainig but can be extended or altered to suit the buyer (the current owner of the business is also the freeholder of the property.
BUSINESS RATES: Currently NIL as 100% small business rate relief is claimed.
INSURANCE: £1,000 per annum
STAFFING: Shop is run by full time owwner with part time staff assisting at busy times.
The Bay Surf Shop is a substantial double retail unit with extensive windows and large display windows. There is a stock room, WC, Kitchenette and private parking for staff. Customers can take advantage of free on road parking right outside the shop.
The shop provides the following retailing space:
ZONE A :- 700 sq ft (65m2)
Zone B :- 129 sq ft (12m2)
Kitchen: 75 sq ft (7m2)
The sale price includes shop fixtures and fittings, stand, counter, shelving, racking, electronic cash register, DVD player, signage, flags and display surfboards. Indeed, everthing to facilitate immediate continuance of trade.
We consider this a fantastic business/lifestyle opportunity that would be perfect for a couple/husband and wife team with an interest in the surfing and watersports industries, whilst working in a wonderful location with a beautiful 3 mile long surf beach !
TURNOVER: £181,000 (2016/17) (£165,000 2015/16)
GROSS PROFIT £75,000
Full information on the trading accounts will be provided following a viewing and upon meeting the owner.
There is much potential to increase turnover by developing the website and social media to expand internet sales.
The current owner is prepared to work with the buyer to bring them up to speed with the business requirements and ensure a smooth handover
The Bay Surf Shop are agents for the following Brands:-
HARDWARE & ACCESSORIES
Creatures of leisure
Captian Fin Co
Lyon Equipment (Petzle etc.)
The Bay Surf Shop
Rateable value: £9100
Rates payable for 2018/19: £4,368
NOTE - Small Business rate relief will apply to qualifying occupiers reducing the annual rates bill to NIL. Further details on this position upon request.
The premises is held
Property reference number
These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract.
Any description of information given should not be relied upon as a statement of representation of fact or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint Agents) not any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property.
The photographs show only certain parts and aspect of the property at the time they were taken. Any areas, measurements or distances given are approximate only.
Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, Building Regulations or other consent has been obtained. These matters must be verified by an intending tenant.
Support and Training:
full support/training/handover given
Woolacombe - a famous surfing destination and holiday resort
9 years remaining but can be extended or altered to suit the buyer (current owner is the freeholder)