Profitable convenience store

Ref : G1587

Price

Freehold : £299,950.00 SAV SOLE AGENTS
Leasehold : Offers in the Region of :: £99,950.00

Unless otherwise stated all rental figures and asking prices quoted in the above details are exclusive of any Value Added Tax that might be applicable.

  • Profitable convenience store, off-licence and newsagents.
  • Excellent main road site serving popular residential area.
  • Modern fully equipped air-conditioned sales shop.
  • Turnover approx. £488,551 per annum with GP approx. 29.29%
  • Adjusted net profit prior to staff wages approx. £112,829 per annum.
  • Run under management. Ideal owner run concern.
  • Genuine potential. Viewing strongly recommended.

This thriving and well established convenience store occupies an excellent main road trading position in a bustling parade of shops serving this popular residential area of Plymouth.  It is only a short walk from the College of Further Education, Devonport High School for Boys and Stuart Road primary school and has a wide and varied catchment area.  Consequently, the business enjoys an excellent and profitable year round custom. 

Plymouth, with a population of over 250,000 is the largest city in the West Country.  Largely rebuilt since World War II it is now a thriving industrial and commercial centre and is still one of the Royal Navy's principal base and warship repair dockyards.  The city has excellent educational, recreational and entertainment facilities and access to the rest of the country is gained by road via the A38/M5 motorway and by rail.  Europe is also accessible by the car/passenger ferry which is operated from its terminal at Millbay Docks.  

The premises are terraced and believed to have been built circa 1900 and appear to be of traditional construction with rendered and painted elevations under a pitched slate roof.  The unit itself is a lock-up and briefly comprise of a modern fully fitted and extensive equipped air-conditioned sales shop at ground floor level, together with a stockroom, office and cloakroom facilities to the lower ground floor area.  There is a flat to the first and second floor which has been sold off separately and is not included in the sale.  An early viewing appointment is strongly recommended to fully appreciate the appeal of this well established and profitable retail convenience store.

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Office Address

Huntley & Partners
Spargo House
10 Budshead Way
Plymouth
Devon
PL6 5FE

Telephone

01752 206020

(24hr answering service)