Renowned Home & Kitchenware Store in High Footfall Location in Totnes Devon for Sale
Totnes, Devon
- Status
FOR SALE
- Date Submitted:
10/01/24
- Advert ID
604832
- Reference
HA35897N / Rightbiz
- Call Agent:
- Freehold: £725,000
- Leasehold: £75,000
- Turnover: £506,183 (£9,734 Per week)
- Net Profit: Not Applicable
Business Details
HOME & KITCHENWARE STORE
Famous HOME & KITCHENWARE store, occupying highly valuable TOTNES town centre trading position, where premises are always in demand. Centrally located in the town, fronting the High Street, close to Fore Street, the main shopping thoroughfares, surrounded by numerous other independent and national retailers, ensures constant and substantial pedestrian foot flow, with benefits anticipated from the construction of new residential developments.
Substantial and versatile character premises, extending over 3 floors, approaching 3,700 square feet, offering numerous retail departments, storage, and staff facilities, in addition to rear garden/yard/parking area. Opportunity to re-configure with potential for accommodation subject to obtaining the necessary planning consents.
A destination business, in existence approaching 45 years, offering an extensive number of stock lines, everything for the home and some items for the garden, stocking top brand names, and school uniform which proves lucrative. Enjoying a great deal of regular repeat trade, Sales 2024 £506,183 ex Vat, Gross Profit £242,798, equates to excellent 48%. Forecast Sales in excess of £521,500 ex Vat in respect of the current financial year, benefits from being part of buying group.
Leasehold £75,000 sav OR Freehold £725,000 sav, Ref: HA35897N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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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