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1 Bedroom Commercial Property For Sale Price £15,000

The Strand, Exmouth

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Contact us quoting Ref.599
  • Acquire this Profitable Homeware/Kitchenware Business
  • Situated in one of the Best Spots in the Famous Exmouth Indoor Market
  • Reasonably Captive Market with High Footfall, Long Established Business
  • Prime Position within the Busy Exmouth Strand
  • Potential for Further Development
  • One Full Time Employee that can be retained if desired
  • Low Operational Rates
  • Rent Payable to Indoor Market is Competitive with Many further Benefits
  • Meetings with Business Owner Available for Questions
  • Enquiries Welcome
Offered for sale by transfer is this long established home/kitchenware business in one of the first stalls on the left as you enter the market entrance. Exmouth indoor market has long been famous for its variety of stalls and different homeware/hobby shops as well as barber`s, food stalls and various other interesting shops.

The recent owners are selling the business as a going concern after 9 months of ownership as the times of operation clash with one of their other business` and they can`t be everywhere at once. It is highly important to note here that the previous owner before that was operating from the same spot for 39 years before retirement!

The business is profitable; according to figures given by the owner he is working on a profit margin of approx 20-24% per annum on a turnover of circa £125,000.

Currently the business has one full time member of staff paid £15k per year. The gentleman would stay on at the business or can leave if the person taking over wanted to work in the business themselves.

To better explain the proposition please note the below key points which is information given by the owner (KPI`s / Key Performance Indicators) of the business:

* Gross Turnover circa £125,000 per annum

* Net profit: £25,000 - 30,000

* One member of staff at £15,000 per annum who works 6 days per week

* £20,000 approx of stock to be sold to go with the business (Price negotiable)

* Shop Fixtures and Fittings valued at approx £15,000 (Price negotiable)

* Rent of £12,000 per annum paid to building freeholder/landlord for the rental of the two shop/stall units which form this business. Also included in this rent are two store units towards the back of the market. Water rates are included in this figure, no business rates are chargeable either as are included in the rent to the market

* Electric is chargeable via a normal meter; average electricity bills work out to be approx £30 per month

* Opening hours are 9 - 5.30pm during the summer months; 9 - 5pm during the non summer months

Business Summary:

This is an opportunity to acquire a business where you can employ and earn from the sidelines or you can work within the business for yourself for greater rewards. No doubt the business can be developed selling different lines of household goods to further earnings and greater strengthen ongoing business revenues.

All enquiries welcome via the agent; meetings with the business owner can also be arranged

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

This is an approximate location - provided for guidance only
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