Specialist commercial property consultants

Surf Bay, Woolacombe Devon EX34 7BA

Property information

Status: For Sale
Price: £50,000
Tenure: Leasehold

THE BAY SURF SHOP, WOOLACOMBE, ENGLAND,

FOR SALE: £50,00 to include goodwill,shop fixtures, fittings and equipment.

STOCK (at cost price) : £100,000 - £150,000

GENERALLY

The Bay Surf Shop is a Limited Company based at Woolacombe Beach in North Devon, The beach is one of this country's premier surf beaches and has been voted "Best Beach in Britain"on Trip Advisor a number of times !

The business is generally regarded as a "surfers surf shop"specializing in quality boards, wetsuits,accessories and have gained a reputation for offering accurate and honest advice. Bay Surf Shop has a huge number of regular and loyal customers.

REASON FOR SALE: Owner retiring

ESTABLISHED:1992

CURRENT OWNERSHIP:1995

INCORPORATED:2008

SHOP RENT: £13,000 p.a. until 2022 - £14,000 p.a. 2022- 2027

LEASE: 9 years remainig but  can be extended or altered to suit the buyer (the current owner of the business is also the freeholder of the property.

BUSINESS RATES: Currently NIL as 100% small business rate relief is claimed.

INSURANCE: £1,000 per annum

STAFFING: Shop is run by full time owwner with part time staff assisting at busy times.

THE PREMISES:

The Bay Surf Shop is a substantial double retail unit with extensive windows and large display windows. There is a stock room, WC, Kitchenette and private parking for staff. Customers can take advantage of free on road parking right outside the shop.

The shop provides the following retailing space:

ZONE A :- 700 sq ft (65m2)

Zone B :- 129 sq ft (12m2)

Kitchen: 75 sq ft (7m2)

The sale price includes shop fixtures and fittings, stand, counter, shelving, racking, electronic cash register, DVD player, signage, flags and display surfboards. Indeed, everthing to facilitate immediate continuance of trade.

We consider this a fantastic business/lifestyle opportunity that would be perfect for a couple/husband and wife team with an interest in the surfing and watersports industries, whilst working in a wonderful location with a beautiful 3 mile long surf beach !

TURNOVER: £181,000 (2016/17)  (£165,000 2015/16)

GROSS PROFIT £75,000

Full information on the trading accounts will be provided following a viewing and upon meeting the owner.

There is much potential to increase turnover by developing the website and social media to expand internet sales.

The current owner is prepared to work with the buyer to bring them up to speed with the business requirements and ensure a smooth handover

The Bay Surf Shop are agents for the following Brands:-

SURFBOARDS

Al Merrick

Channel Islands

Hayden

75

Lightning Bolt

Escape (Attlee)

Graeme Bunt

Torq

NSP

Cross

Super Brand

Aloha

Ignite

BODYBOARDS

Science

Hot Buttered

Gul

Atunus

SKATEBOARDS

Sector 9

Jart

Fractures

Blanks

Aloki

Aloha

WETSUITS

Xcel

C-Skin

Gul

Tiki

Alder

HARDWARE & ACCESSORIES

Sex Wax

Mrs Palmers

O&E

Creatures of leisure

Tiki

Bulldog

Gul

Komunity leashes

FCS fins

Futures fins

Eurofins

Captian Fin Co

Go Pro

Solarez

North Core

Stormrider

Lyon Equipment (Petzle etc.)

Ozone kites

Electric Sunglasses

Dragon Sunglasses

Sinner Sunglasses

Gul Sunglasses

CLOTHING

Volcom

Lightning Bolt

Bear

Black Salamander

Laid Back

Sex Wax

Al Merrick

Speedo

Reef

Xcel

The Bay Surf Shop

Dry Robe

FOOTWARE

Reef

Volcom

Sinner

Sanuk

Gul

Cool shoes

Bear

Tiki

Chatham

Salomon

 


Business rates

Rateable value: £9100
Rates payable for 2018/19: £4,368

NOTE - Small Business rate relief will apply to qualifying occupiers reducing the annual rates bill to NIL. Further details on this position upon request.


Tenure

The premises is held


Property reference number

Reference: UW828
 

Important notice

These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract.

Any description of information given should not be relied upon as a statement of representation of fact or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint Agents) not any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property.

The photographs show only certain parts and aspect of the property at the time they were taken. Any areas, measurements or distances given are approximate only.

Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, Building Regulations or other consent has been obtained. These matters must be verified by an intending tenant.

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