Spar Supermarket in Devon For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, DEVON.

Turnover £ 11,000
Price £180,000

Features

Convenience Store Plus off Licence & Bakery

DOUBLE FRONTED PREMISES in the region of 2,125 ft², laminated strip floor, suspended ceiling with fluorescent lighting, sales counter, 2 x EPOS till, cigarette gantry, modern adjustable shelving, 17 drinks display fridge (glass fronted upright double-door), walls Ice Cream Freezer, 3 deep freeze, 2 x glass fronted upright double-door freezer, bakery section, etc.

Stock room.
Walkin coldroom.
Walkin Freezer..
Kitchen, 2 ovens.
Office.
Staff Toilet with w.c. and wash hand basin.
Staff room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £11,000 p.w. with a Gross profit of 24% approx.. Wholesale newsbill £200 p.w.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

NATIONAL LOTTERY £50 per week approx.
Costa Coffee Machine

Staff

The business is at present operated by the Husband & Wife team with the assistance of 2 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 9pm
SUNDAY 8am - 8pm

Outside

Rear yard

Tenure

The vendor owns the Leasehold and subject to satisfactory references are prepared to grant a new sub lease for 15 years full repairing and insuring lease with rent reviews every 3 years at a rent of £25,000 p.a. for the first 3 years.

Business Rates from April 2025 £6,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £180,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 90,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote