Household Supply Store in Ottery St Mary Devon - Homeware, Hardware, Kitchen, Garden, Pet & Camping Essentials
Ottery Saint Mary, Devon
- Status
FOR SALE
- Date Submitted:
17/08/22
- Advert ID
498757
- Reference
HA35505N / Rightbiz
- Call Agent:
- Leasehold: £39,995
- Turnover: £146,533 (£2,818 Per week)
- Net Profit: Not Applicable
Business Details
HOUSEHOLD SUPPLY STORE
Famous HOUSEHOLD SUPPLY STORE, offering extensive range of HOMEWARE. HARDWARE, KITCHEN & COOKWARE, GARDEN & PET SUPPLIES, CAMPING ACCESSORIES and much more, a destination outlet, stocking items not easily found elsewhere. Occupying one of the best trading positions within the popular and expanding EAST DEVON town of OTTERY ST MARY, fronting the main 'Square' highly visible and easily accessible, surrounded by other popular businesses and residential areas.
Traditional ground floor premises, eye catching double frontage, particularly spacious, in the region of 1,800 square feet, enjoying favourable overheads, rent just over £170 per week, receives 100% business rate relief. Well organised and presented into a number of retail display areas, also offers some storage, an office and cloakroom facilities.
Renowned business, established in excess of 100 years, under current ownership 17 years, retirement sale after many successful years, enjoying a strong following ensuring regular repeat custom. Consistent levels of trade, Sales 2023 £146,533 ex Vat, Gross Profit £63,501 (43%), very low day to day overheads, producing average Net Profits in excess of £45,000, benefiting from being easily manageable, with only 1 person required in the store at any one time representing a rare business opportunity.
Leasehold £39,995 plus SAV iro £27,000 Ref: HA35505N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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.
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