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Convenience Store for sale

Lower Street, Dartmouth, Devon, TQ6

£495,000

Property Description

Commercial information

  • Business for sale

Key features

  • REF: 13755 I
  • FREEHOLD
  • NEWSAGENTS
  • TOY SHOP
  • GIFT STORE

Full description

Tenure: Freehold

BUSINESS
With immense history and in the family since 1919, our clients are now the only remaining family operators of this traditional business. Our clients are now wishing to take their well-earned retirement.

A long established and thriving confectionery, tobacco, news, and incidentals store; this is definitely one of the oldest surviving family businesses in Dartmouth. The retail space current sells newspapers and magazines, greetings cards and gifts, confectionery, tobacco, beach and tourist incidentals, toys & games, and many more general items.

Excellent annual accounts and financials are available for what is a very profitable Freehold opportunity, that has recently celebrated its 97th anniversary.

A multifaceted business that caters for all, it even takes in your dry cleaning.

Catering for a strong, regular, local, and repeat customer base, the business also benefits largely from tourism and carries excellent goodwill for a new husband and wife team to build upon.

Further scope exists:
Complete alternate use of the building, change of use, or residential conversion subject to the relevant permissions.
Add local news rounds.
Sub-let the upper floors.
Extend opening hours.


LOCATION
Dartmouth, Devon.
Short step from harbour and seafront.
Busy thoroughfare in popular tourist town.
Close to other independent and complimentary operators.
Local population circa 6,500, plus regular annual tourism.
Main hub, central business area, adjacent on street parking bays.

PREMISES
A prominent, well positioned, listed, corner plot building that retains some period character.

Briefly comprising, substantial ground floor retail premises with staffing, storage, and ancillary areas.

A1 class use.

To the upper floors at first and second floor level, are a mixture of currently unused but previously let office rooms, offering the possibility of alternate uses subject to renovation, refurbishment and planning permissions.

TENURE
This is a Freehold opportunity.

HOURS
Monday to Friday: 9am - 5pm

STAFF
2 Person family partnership operation.

FINANCIAL PROFILE
Excellent historic accounts and financials, the most recent year end showing a turnover of 300,013 with a bottom line net profit of 43,396. Gross profit 27%.



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