Convenience Store for sale

Spar Paignton, Torbay Road, Paignton, England, TQ4 6AJ

£99,950

Property Description

Commercial information

  • Business for sale

Key features

  • Strong average weekly sales of 9,500
  • Busy trading position & excellent fittings
  • Symbol branded convenience store
  • Sale due to other commitments
  • Paignton high street location
  • Energy Rating D

Full description

Tenure: Leasehold

Description

The 1,100 sq ft Spar shop occupies the ground floor of a two storey building, with a prominent canopy to the front. The retail floor has a suspended panel ceiling, strip lighting and a tiled floor, all of which have been kept in good order by the current leasehold owner.

Location

Paignton is one of South Devon’s most popular coastal tourist destinations, offering year round trade with a boost during the summer months. The town’s many attractions include good beaches, amusements, Paignton Zoo and a seaside fairground. Spar Paignton is on the main high street to the beach in a parade of shops with pay and display parking on both sides of the road. The street has canopies over the pavements, enhancing the visibility of the shops.

Internal Details

From the covered pavement an automatic sliding door opens into the 1,100 sq ft of retail space. To the left of the entrance is a service counter with two till points, National Lottery terminal, self service coffee machine and snack baskets. Behind is a cigarette gantry, spirits display and bake-goods oven/food preparation area.

In addition, there is a Wall’s ice-cream chiller, two fridges (owned by Coca-Cola), a magazine/news display and greetings card display, two gondolas, a range of price edged shelving, ATM, single chest freezer and a fronted chiller.

To the rear of the shop is a part shelved storeroom/office and a second shelved store room with staff toilet.

There is lockable rear access shared by the shop and residential unit above. There is a service alley for deliveries.

Fixtures & Fittings

We have been advised that fixtures & fittings will be included in the sale.

The Opportunity

Spar Paignton trades under the Spar symbol brand as a convenience store and off licence in the heart of the main strip leading to Paignton beach.

Currently offering a range of convenience, confectionery, alcohol, bakery and holiday specific items. There is plenty of scope for a new owner to put their stamp on the offering. Although the business does thrive in the summer months the off season is still supported by local trade.

The current owner is moving away from the business to concentrate on other business interests and is looking for a quick sale.

Trading Information

We are in possession of accounts showing the following:

Turnover of £498,380
Gross profit of £122,035 (24%)
Net profit of £64,085.

Staff costs amount to £25,960 but could be reduced if a husband and wife team were in place.


More information from this agent

Nearest stations

  • Paignton (0.2 mi)
  • Torquay (2.0 mi)
  • Torre (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Paignton (0.2 mi)
  • Torquay (2.0 mi)
  • Torre (2.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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