6 bedroom convenience store for saleWhimple, Devon
- Business for sale
- Use class orders: A1 Shops
- Attractive setting within desirable Devon village
- Substantial property, Retail Area, Annexe & House
- Offers 4 double bedrooms, benefits from large Garden
- Sales £237,028, PO £10,564, Gross Profit 27%
- Popular growing business, sound levels of repeat local trade
- Scope for new owners to further develop
- Trading easy hours
- Low day-to-day overheads
- Leasehold option also available for £70,000 + sav
- Everett Masson & Furby reference number: G33995N
Description: An opportunity to acquire an attractive Village Stores business incorporating the local Post Office, under current ownership considerable investment and improvement has been made and the business has gone from strength to strength with year on year sales growth but still offering additional opportunities to new owners, enjoying sound levels of regular repeat local trade together with some passing trade such is the ease of access and car parking. Contained within a huge village centre corner sited property, to include all buildings painted 'cream' in the photo, not just the main shop building and cottage to the side but also the flat roofed area to the rear of the shop building and the 2 storey property behind that. Currently configured to provide character retail area which also offers some seating in respect of teas and coffees which can be purchased, the rear annexe is underutilised, only used for storage although benefits from kitchen and cloakroom to the ground floor and 2 further rooms together with shower room to the first floor. The main accommodation is totally self-contained enabling it to be rented out if not required by owners which is currently the case, particularly spacious, extending to the side, behind and above the shop premises, providing sitting room, kitchen/breakfast/dining room, utility room, 4 double bedrooms and a bathroom whilst outside is a large enclosed split level rear garden offering areas of lawn, decking and complete with covered storage and store shed, viewing is recommended to appreciate the size and nature of the property.
Location: Situated in the very centre of the village on The Square, enjoying a most attractive setting, overlooking the church of Saint Mary's, benefiting from an abundance of free unrestricted on street car parking immediately in front and opposite albeit a free village car park is only a short walk away, the area being host to popular residential housing. Whimple proves a popular place in which to live such is its amenities and accessibility, benefiting from 2 public houses, a primary school and railway station, being on the Exeter to London Waterloo line, additionally the A30 is approximately 1 mile away providing swift access to the City of Exeter (9 miles) with its international airport and motorway access, the market town of Honiton (10 miles) and Ottery St Mary (3 miles) with renowned Kings school can quickly be reached.
Premises: Character wooden framed 'Georgian' style glazed double frontage with additional return frontage, glazed central entrance door opening to character RETAIL AREA, vinyl floor tiles, freestanding tables and chairs providing 9 covers for teas and coffees, ceiling fluorescent strip lighting. Bread display, feature fruit and vegetable display baskets, freestanding display shelving in respect of teas, coffees and dried fruits, traditional metal adjustable wall display shelving, 2 central double sided sales gondolas, stationery display dresser, some peg display shelving. Contains glazed front upright drinks chiller, glazed front double upright dairy chiller, glazed front double upright alcohol chiller, 2 glazed front double upright freezers. To the rear, substantial 'L' shaped SERVE OVER COUNTER, incorporates refrigerated glazed display cabinet and open plan POST OFFICE COUNTER, houses electronic till and electronic weigh scales. Behind the serve over counter, the area is fitted with base storage units, work counters, wall storage units and stainless steel sink/draining unit, host to coffee grinder, coffee machine, microwave oven and dishwasher.
(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)
Annexe: Situated to the rear of the shop premises which it adjoins, having inter-connecting door, also benefiting from its own private entrance door to Church Road and a back door opening to the rear of the property, currently used for STORAGE, considered suitable for numerous uses with potential for additional accommodation. The GROUND FLOOR offers open plan LIVING SPACE, fitted with KITCHEN, comprising base and wall storage units, work counters, stainless steel sink/draining unit, under stairs STORAGE and LOBBY with CLOAKROOM fitted with toilet and hand washbasin. Stairs to FIRST FLOOR and LANDING AREA from which the remaining rooms lead off, ROOM 1 with rear aspect, ROOM 2 with side aspect, SHOWER ROOM with side aspect, fitted with shower cubicle and toilet.
Accommodation: Totally self-contained, situated to the side and above the shop premises, benefiting from oil fired central heating, ideal for owners or could be rented out as is currently the case with rental income of £850 per calendar month achieved, this is considered favourable with rental income of £950 per calendar month considered achievable. Private front entrance door situated on The Square, opens to LOBBY, inner glazed entrance door opening to SITTING ROOM, 2 windows providing front aspect, solid wood flooring, fireplace incorporating wood burning stove, beams. Inter-connecting door with KITCHEN/BREAKFAST/DINING ROOM, tiled floor, rear aspect and access to garden, extensively fitted with modern base and wall storage units, work counters and stainless steel sink/draining unit, contains range style cooker, 'American' style double door fridge, and dishwasher. Adjoining large UTILITY ROOM, rear aspect and back door to garden, also fitted with modern wall and base storage units, work counters and stainless steel sink unit, contains boiler and washing machine. Stairs from the sitting room rise to FIRST FLOOR and the LANDING AREA, leading off is the BATHROOM, front aspect, vinyl flooring, tiled walls and spot lighting, fitted with toilet, vanity hand washbasin and bath with shower over. A long wide HALLWAY with storage and rear aspect provides access to the bedrooms, a small number of stairs rising to the MASTER BEDROOM, a particularly large room with triple aspect and fitted wardrobes, the remaining bedrooms leading off the hallway, BEDROOM 2, a double with front aspect, BEDROOM 3, a double with front aspect, BEDROOM 4, a double with side aspect and fitted wardrobe, the property benefits from 2 loft spaces.
Outside: To the rear of the property, large split level 'South Facing' GARDEN, currently accessed from the main house, initial PATIO/DECKED AREA providing a pleasant space for alfresco dining, adjacent COVERED AREA housing STORAGE SHED, a raised decked walkway leads to the MAIN GARDEN AREA, shrub borders, areas of lawn, houses oil storage tank and greenhouse.
Business: Being residents in the village and having assisted the previous owner the business and property was acquired by the current owners in 2013 with the Post Office subsequently acquired in 2014, only now offered for sale due to family commitments and other employment. Under current ownership the business has been subject to investment and improvement in the form of new equipment resulting in year on year growth. Operating as a modern convenience store, retailing groceries, fresh bread and cakes, household items, dairy lines, frozen foods, fruit & vegetables, hot and cold soft drinks, beers, wines and spirits, snacks & confectionery, newspapers & magazines (counter sales only), stationery and greetings cards. The business benefits from being a Post Office Local Plus outlet, the serving of fresh teas and coffees proves popular and with the offering of customer seating offers a place to meet, a side of the business lending itself to further development with potential for providing fresh sandwiches in addition to the pies and pasty's already on offer. A great deal of regular local trade is enjoyed from the surrounding residential community in addition to those working in the area and some passing trade.
Trading Hours: The business trades easy hours to suit the lifestyle of the vendors, opening Monday to Friday 7.30am through to 6.00pm, Saturday 8.00am through to 1.00pm and Sunday 9.00am through to 1.00pm, scope exists to increase opening hours should new owners so wish.
Staff: Operated as a partnership by a husband and wife team albeit due to other commitments only one of the partners works full time in the business, assisted by 4 part time members of staff, 2 of which can cover the Post Office.
Takings: Accounting information provided confirms a solid reliable growing profitable business with year on year growth in both retail Sales and Post Office Commission. In respect of the financial year ended 31st March 2018 Sales amounted to £237,028 ex Vat, Post Office Commission amounted to £10,564 producing an overall Gross Profit of £66,484 equating to a very respectable 27%. The low day to day overheads, especially if operated by a full time working couple, ensures the business remains most profitable providing comfortable lifestyle.
Comments: The sale of Whimple Stores provides an opportunity to acquire a growing profitable business still lending itself to further development. Coupled with this is a substantial versatile property occupying a large plot in the centre of this desirable village yet still within close proximity of towns and cities which are easily accessible.
Tenure: The vendor owns the Freehold, both Freehold and Leasehold options are available, in respect of the Leasehold the vendors would be willing to grant a new negotiable lease with a commencing rent of £25,000.
Rates: Currently 'Nil' after 100% rate relief.
Price: £499,995 for the benefit of the Freehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation OR £70,000 for the benefit of a New Lease, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.
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- Whimple (0.2 mi)
- Cranbrook (3.0 mi)
- Feniton (3.5 mi)
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- Whimple (0.2 mi)
- Cranbrook (3.0 mi)
- Feniton (3.5 mi)
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