High Turnover Homeware to DIY Store in Prime Sidmouth Location for Sale
Sidmouth, Devon
- Status
FOR SALE
- Date Submitted:
03/05/24
- Advert ID
610841
- Reference
M033838N / Rightbiz
- Call Agent:
- Freehold: £895,000
- Turnover: £823,670 (£15,840 Per week)
- Net Profit: Not Applicable
Business Details
HOMEWARE, HOUSEWARE, HARDWARE, COOKWARE, GIFTS, GARDENING & DIY SUPPLIES
Famous high turnover RETAIL OUTLET, offering HOMEWARE, HARDWARE, COOKWARE, ELECTRICAL, DIY, GARDEN ITEMS, and more. Situated in the exclusive EAST DEVON seaside resort of SIDMOUTH, occupying premier town centre trading position, fronting the primary shopping thoroughfare on route to the seafront/esplanade, surrounded by other popular independent and national retailers with shopper's car parks close ensuring masses of pedestrian foot flow.
Contained within highly valuable premises, very deceptive, one of the largest in the town, extending to the rear a considerable length, being in the region of 7,500 square feet in total, and the subject of recent investment. Offers masses of display space, storage, offices, staff/cloakroom facilities/former apartment, very useful rear car park/delivery facilities.
A particularly well known long established business, same family hands more than 40 years, quite a unique destination business, offers a huge range of items for the home, garden and DIY enthusiast. Enjoying a strong following with considerable repeat regular trade from local resident community, and boost from visitors to the town. A top performing business, proving highly profitable, Sales 2023 £823,670 ex Vat, impressive Gross Profit £379,843 (46%), returns substantial six figure Net Profit, predominantly operated by staff, represents rare opportunity.
Freehold £895,000 sav Ref: M033838N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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