Convenience Store for sale

Bridgetown Stores, 14-15 Bridgetown, Totnes, United Kingdom, TQ9 5BA

Guide Price £175,000

Property Description

Commercial information

  • Business for sale

Key features

  • Prominent corner position
  • Stunning South Hams location
  • Adjusted net profit of 111,544
  • 3 bed letting accommodation above
  • New lease available
  • On street parking. EPC Exempt

Full description

Tenure: Leasehold

Description

Bridgetown Stores is situated on the corner of Seymour Place and Bridgetown Road which leads to Totnes town centre.

This attractive Grade II listed property is a two storey terraced, brick built property with rendered front and slate pitched roof.

Benefits from three bedroom accommodation above which has direct access to the shop or via an external entrance.

The shop occupies the ground floor and is accessed directly from the pedestrian foot path. The property front has display windows and double doors to its entrance, and a storage yard at the rear.

Location

Bridgetown Stores is located in the highly looked upon town of Totnes, Devon. The business is within the Area of Outstanding Natural Beauty of South Devon's South Hams region, where the River Dart passes through the heart of the market town. Totnes has been claimed to be the most eccentric town in Britain where the Totnes pound is still legal tender in certain parts of the town.

Whilst Bridgetown Stores is located in a residential part of the town it still benefits from large volumes of tourism. Totnes boasts all year round amenities, ranging from hotels and campsites to local independent shops complimenting the store. Totnes is situated 25 miles South of Exeter and 20 miles East of Plymouth.

Tenure

We are proposing to create a new lease on a term of 15 years. The owners are open to discuss the finer details of this lease.

Letting Accommodation

There is a three bedroom accommodation above the shop, which can be accessed from a seperate entrance. The apartment can also be accessed via an entrance directly from the shop making it suitable as owners accommodation.

The apartment is currently rented for £650 per calendar month to a private tenant on an assured short hold tenancy.

The Opportunity

The store has traded in its current location for more than 50 years and under the same ownership for the last seven years.

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 and hot drinks. The business also benefits from a successful paper round which is supported by the local community and serves the surrounding areas.

Bridgetown Stores represents an outstanding opportunity to acquire a highly profitable, established convenience store which trades within an Area of Outstanding Natural Beauty of South Hams. We believe the business will appeal to both existing operators and first time buyers.

Our client is reluctantly selling the business to retire.

Staff

The business is currently run under partnership but could be put under management if required. There are currently five part time and two full time member’s of staff.

There are currently a pool of delivery staff for the shops extensive paper rounds. Details can be made available to interested parties on request.

The current owners have a hands on approach and work in the region of 40 hours a week.

Trading Information

We have been provided with certified profit and loss accounts for the years ending April 2016 and 2017.

The 2017 Profit & Loss accounts show a turnover of £899,234, with a Gross profit of £219,690 and an adjusted net profit of £111,544 including rental income of £7,800 per annum.

April 2018 management accounts show a turnover of £904,367. There is further scope to develop the business with an increasing turnover over the previous three years.

Profit and loss accounts will be made available to interested parties on request.

Trading Hours

Our clients trade the business from 5am – 10pm, seven days a week.


More information from this agent

Nearest stations

  • Totnes (0.7 mi)
  • Paignton (5.0 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

  • Totnes (0.7 mi)
  • Paignton (5.0 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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