Shop for saleBovey Tracey, Devon
- Business for sale
- Use class orders: A1 Shops
- Easily accessible town centre trading position
- Spacious property of 2,250 sq. ft. extending over 2 floors
- Retail areas, storage, office, yard, large garden
- Well established - same ownership 35 years
- Sales £289,223 ex Vat, Gross Profit £102,698
- Excellent stock range includes DIY, cookware, cycling and camping accessories
- Viewing recommended to appreciate size of property and site
- Offered for sale owing to retirement
- Well known and respected business with no direct competition for some distance
- EM&F reference number: D34272N
Description: A famous Hardware, Homeware & DIY store, also offering a lot more than you standard DIY store to include cook shop, cycling and camping accessories together with Calor gas, wood and coal. A very long established business under current ownership approaching 35 years, benefiting from no direct competition, drawing trade from a wide catchment area ensuring a most solid reliable profitable business. Coupled with this is a substantial very deceptive versatile property, extending over 2 floors, amounting to some 2,250 square feet which is in addition to a rear yard area and large enclosed elevated garden offering far reaching views. The property offers a number of retail areas, storage, office and staff kitchen/cloakroom facilities. Viewing is recommended to appreciate the size of the property and overall site.
Location: Occupying a town centre trading position, bordering residential areas, close to other businesses which at the time of our inspection include accountants practice, funeral directors, laundrette, public house and café. The business is easily accessible with free restricted on street car parking close by. Bovey Tracey, known as The Gateway to the Moor, it is situated on the edge of Dartmoor with renowned tourist attractions, landmarks, moorland villages all within close proximity to include Mortonhampstead, Widdicombe in the Moor, House of Marbles and Haytor which is literally 10 minutes' drive away. The business district of Heathfield is also only a short drive away as is the A38 Devon Expressway providing swift and easy access to Newton Abbot (7 miles) and the regional capital - the City of Exeter (13 miles) with its motorway access, international airport and excellent shopping facilities with the popular coastal destinations of Torbay also within close proximity.
Premises: Wooden framed glazed bay window double frontage, additional cook shop display window, useful delivery door to covered side passageway. Glazed customer entrance door opens to LOWER RETAIL AREA, carpet tiles, adjustable wall display shelving, central display gondola, wall mounted tool display board, fluorescent strip lighting. Inter-connects with side COOKSHOP comprising 2 inter-connecting rooms with a host of display shelving and peg boarding. The premises extend to the rear and main raised UPPER RETAIL AREA, offering ironmongery, key cutting, plumbing, electrical, decorating, gardening and timber sections together with central horseshoe SERVERY COUNTER housing till. Access to side passageway which leads to KITCHEN AREA and CLAOKROOM together with chemical store. Stairs from the main retail area rise to the FIRST FLOOR comprising a number of rooms, these include SHOWROOM in respect of seasonal goods together with cycling, camping and walking accessories. Secure STOREROOM, additional INNER STORE, leads to OFFICE containing a range of office furniture.
(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)
Outside: To the rear of the property, enclosed YARD, used to store Calor Gas, Coal, Logs and Compost. Stairs rise to the enclosed rear GARDEN AREA, this could be quite a feature of the property, not currently utilised, however it offers numerous options, and enjoys far reaching countryside views.
Business: Very long established, well known and respected throughout the area, acquired by the current owner in 1985, only now offered for sale in order to pursue retirement. Offering an extensive range of stock lines, meeting the needs of all customers, items include household cleaning products, mugs, glasses, kettles, irons, toasters, telephones, baking tins, pots & pans, utensils, Plasticware, tools, plumbing and electrical accessories, paint and decorating accessories, garden tools and products, nuts, bolts, screws and general ironmongery, seasonal goods such as BBQ's, camping, walking and cycling consumables/accessories. A key cutting service is provided, the business is an outlet for Calor Gas and a member of the Fair & Square buying group. With no direct competition for some distance around a great deal of regular repeat trade is enjoyed from the surrounding residential community and from other surrounding villages, a small number of accounts are held in respect of local trades persons, hotels and residential homes.
Trading Hours: The business trades Monday to Saturday 9.00am through to 5.30pm, closing at the slightly earlier time of 5.00pm on a Saturday.
Staff: Operated by the vendor with the assistance of 1 full time member of staff and 1 part time member of staff.
Takings: Accounting information provided confirms a strong reliable profitable business, Sales in respect of the year ended 30th April 2019 amounted to £289,223 ext Vat returning a gross profit of £102,698 equating to 36%. Even after a wage bill of £41,459 reflecting the fact the business is operated by the sole vendor, net profits in excess of £40,000 were returned.
Comments: The sale of Arnolds provides an excellent opportunity to acquire quite a landmark business, highly respected, benefiting from no direct competition ensuring a sound trading performance. Coupled with this is a deceptive spacious property, considered most versatile, occupying a substantial site when taking into account the size of the rear garden.
Rates: Currently 'Nil' after 100% rate relief.
Price: £259,000 for the benefit of the Freehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.
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