Surf Bay, Woolacombe Devon EX34 7BA

Property information

View Property PDF
Status: Sold
Price: Confidential Agreement
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

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 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 shop provides the following retailing space:

Accomodation Comprises

Imperial Metric Sq Ft
ZONE A 700 65
Zone B 129 12
Kitchen 75 7


Business rates

Rateable value:   £9,100
Rates payable for 2018/19:   £4,368 (approx)

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 owner with part time staff assisting at busy times.

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 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 !


Tenure

The premises is held


Viewing

For an appointment to view please contact:

Dean Warmington
Tel: 01271 378731
Email: dean@underwoodwarmington.com
Mobile: 07971830881


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.