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2 bedroom convenience store for sale

St. Edward Gardens, Plymouth, Devon, PL6

£49,995
139 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,496 sq ft (139 sq m)

Key features

  • REF: 13578 I
  • Freehold 295,000 +SAV includes accommodation
  • CONVENIENCE STORE
  • NEWSAGENTS
  • Leasehold excludes accommodation

Full description

Tenure: Leasehold

BUSINESS
Freehold 295,000 +SAV, this includes accommodation.
Leasehold 49,995 +SAV, excludes accommodation.

Hilton Smythe welcomes to the market Eggbuckland Stores. The business was originally established in this location in the 1960's and was taken over by our client in 2000. This is a long-established business that has been a great success in this location. The owner is now looking to sell the store, due to the desire to take a well-deserved retirement.

The business runs as a convenience store offering an exceptional range of stock. Products include pet food, household products, confectionery, frozen food, soft drinks, greetings cards, cigarettes and newspapers. The store is also a parcel collection point for DPD and UPS. A great extra service that boosts income.

The business generated a turnover in the region of 274,000 as of the 2015 accounts, with a gross profit of 19%. This is a healthy turnover with scope to further increase this figure. The purchaser should look to extend services to increase custom and sales. We feel with the introduction of the National Lottery and a newspaper delivery round in the local area there could be a significant boost in turnover.

Included in the Freehold sale is a large owner's accommodation, this has two bedrooms and comes ready to move into. The accommodation could be let out if not required by the purchaser, for an extra monthly income.

The store offers its products and services to a large densely populated residential area. Our client sees regular repeat trade and has an excellent reputation within the community. This is a perfect turnkey opportunity that would be ideal for a husband and wife team or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.


LOCATION
Eggbuckland Stores is located in Eggbuckland, Plymouth, Devon.

The business is situated in the centre of a residential housing estate; from which the store generates much of its trade. This is a great location that benefits from all year-round trade and further benefits from free on-street parking directly outside. The store is on a small retail parade with a hair salon and takeaway.

Eggbuckland is a suburb of Plymouth; a popular tourist location. The town has all amenities, this includes a college, church, primary school, nursery, pubs, parks and more. The town is just a short 10-minute drive away from the centre of Plymouth, an easy commute using the great road connections and public transport.

The housing estate is just a minutes' drive from the A38 and A386. These are arterial roads running into the centre of Plymouth and north to Bideford and east to Exeter. There are bus stops a short walk away, these have regular daily routes into the surround towns and cities.

PREMISES
Eggbuckland Stores boasts a generous 800 square foot retail space. There are three large windows on the front with a double door entrance. There is plenty of space at the front of the property for more stock displays.

On entry is the large service counter. There are counter top displays, behind is a cigarette gantry and shelving. Around the perimeter of the store is shelving and running through the centre are isles. This is a generous sized retail space, with lots of shelf space for stock.

Equipment included in the sale includes: -
Till
Service counter
Cigarette gantry
Shelving
Racking
Double door fridge
Single tall drinks fridge
Three chest freezers
Card racks

To the rear of the property is a stock room and a staff office with door to the rear yard and detached garage; which is used for further storage. There is also access to stairs that lead to the first floor.

ACCOMMODATION INCLUDED IN FREEHOLD SALE ONLY.

On the first floor of the property is a large two bedroom owners accommodation. This comprises of two double rooms, lounge, bathroom and kitchen.

There is plenty of on-street parking in the area, and to the back of the property in the yard.

The property is fitted with a CCTV system.

TENURE
We are advised the business is being sold as a Leasehold opportunity; without the accommodation.

Lease length to be negotiated with the purchaser. Rent of 7,200 per annum.

A Freehold option is available, this INCLUDES the owner's accommodation.

HOURS
The business opening hours: -

Monday - Friday: 7am - 9pm
Saturday: 8am - 9pm
Sunday: 9am - 7pm

STAFF
The business is run and managed by our client, with the help of three part time members of staff.

FINANCIAL PROFILE
The business generated a turnover in the region of 274,000 as of the 2015 accounts, with a gross profit of 19%.



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