Convenience Store for sale

J&J Wilson Nisa Padstow, St Merryn Park, Padstow, United Kingdom, PL28 8QA

Offers in Excess of £9,500

Property Description

Commercial information

  • Business for sale

Key features

  • Convenience store located on holiday park
  • Excellent refitted sales area
  • Unappossed trading position
  • Average 28.5% gross profit margin
  • Within proximity of 3 large caravan parks
  • Located in a highly desirable village. Energy Rating B

Full description

Tenure: Leasehold

Description

A single storey brick built property with a white rendered front and slate pitched roof. The business occupies itself under the Nisa Local branded facia.

The store is accessed from a raised decking area alongside a disabled access ramp. The property front has display windows and double glazed entrance door.

There is a large car park to the front which is shared with the on-site club house.

Location

Nisa Local is situated in the tourist village of St. Merryn. The business is a stone’s throw from the town of Padstow, one of the most renowned towns in North Cornwall for its recent arrival of Rick Stein with his chain of fish & chip outlets.

The holiday park benefits from 55 holiday and residential let properties, with a further increase due in 2018. More information can be found on their website www.stmerrynholidayvillage.co.uk

St Merryn's village has a population of c.1,692 which increases dramatically during the summer season. The village is situated 1.5 miles west of Rock and 14 miles North East of Newquay.

Internal Details

Approximately 1,400 sq ft of sales area with further storage areas to the rear, tiled floor and suspended ceiling with inset lighting, air handling/ conditioning units and CCTV throughout. Two points of sale near entrance with tobacco gantry and associated shelving. Three aisles of shelving, approximately 11 metres of chilled cabinets.

We understand from the vendor that the store is being constantly updated and maintained throughout to ensure the highest level of quality.

Tenure Details

The property is held on a 25 year lease with effect from 2013 and the current rent is £15,000 per annum. The next rent review is in 2020 (every three years).

Assignment of the lease will be subject to landlord’s approval of the purchaser, who will be required to provide references and evidence of their financial standing.

The Opportunity

The store has been trading for a number of years and under the current ownership since 2014. Our clients are selling the business as part of their expansion plans as it doesn't fit their future business model.

Business is derived from traditional convenience sales including tobacco, alcohol, news and magazines, fresh, chilled and frozen foods, ambient grocery products, bread and bakery, hot food, confectionery, snacks, soft drinks and general beach goods.

This represents an outstanding opportunity to acquire a profitable, established convenience store which trades in the centre of the holiday park with large upscale potential for a new incoming purchaser. We believe the business will appeal to existing operators and first time buyers looking for a lifestyle change.

Staff

The business is currently fully managed. These can be transferred with the business and discussed during the due diligence.

Trading Information

We have been supplied with management accounts for the period from 31 October 2015 to October 2017. The turnover to 31 October 2017 indicates a turnover of £236,000.

Trading Hours

Our clients typically trade the business from 8am–8pm during the summer period. During the winter they close accordingly.

Regulatory

Premises Licence.


More information from this agent

Nearest station

  • Quintrell Downs (7.8 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 station

  • Quintrell Downs (7.8 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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