JD Commercial Property Directory

TOWN CENTRE OFF LICENCE AND DVD RENTAL BUSINESS WITH ESTABLISHED MEMBERSHIP REGISTER

 Double fronted road fronted unit
 Close to complementary trades such as Take-Away businesses
 Same ownership for the last 8 years
 Operated afternoons and evenings only
 Little / no staffing required
 DVD library of over 850 titles
 Suitable for the introduction of computer game rental or second hand game sales

LOCATION

Torrington is a small market town with a large agricultural hinterland, situated approximately 7 miles to the south east of the administrative centre of Bideford and approximately 11 miles to the south west of the sub regional centre of Barnstaple.

THE SITUATION

Situated within Well Street, which connects to the Town Square, the premises are within a street of mixed retail, office and leisure users, many of which complement the business such as Chinese and Fish and Chip Take-Away.
 
THE PROPERTY AND CONSTRUCTION

Being a double fronted ground floor lock up shop unit, the premises consists of approximately 495 sq.ft (46 sq.m), which incorporates retail area, service counter, stock room and toilet. 

THE PROPOSAL

Our clients are inviting offers for the leasehold interest.

THE LEASE

The premises are available by way of a new lease term, subject to suitable references and interview with the Landlord.  The current rent is £333.33 per calendar month.

THE BUSINESS

Having been operated by our clients for the last 8 years, they now have other business opportunities that they wish to explore.  The business is considered suitable as a first business venture or for a husband and wife / partnership team as there is little dependency on staffing as the business is generally operated by 1 person at a time.  Currently the business is trading 7 days per week, Monday – Friday 2 pm – 9 pm, Saturday 1 pm – 9 pm, Sunday 1 pm – 8 pm.  The last three years has seen a growth in turnover from £53,000 to £66,000, with the majority of the annual income derived from off licence sales, confectionary sales and DVD rental (of which there are approximately 850 titles).  Our clients also sell seasonal fireworks for which they have secure storage on site.  It is thought the business could be expanded with the introduction of computer game rental or second hand computer game sales.  Over the years the business has established a considerable client register which is computerised and is included within the sale.

THE STOCK

Any current stock to be purchased at valuation upon completion.

THE INVENTORY

The property is sold with a comprehensive inventory of trade fixtures, fittings and equipment.

LICENCE

The property has a Premises Licence which is to be transferred to the new owners.

VAT

Payable, if applicable, at the prevailing rate.

THE ACCOMMODATION (comprises)

RETAIL UNIT
25`6 x 19`5 (7.75 m x 5.90 m)  Double fronted shop unit, strip lighting, service counter with 2 x computers, TV, DVD player, fire work display cabinet, confectionary displays, DVD displays and racking, chiller fridges, drinks shelving

STOCKROOM / OFFICE
CCTV recorder, fireworks store

TOILET
Low level w.c.

SECOND STOCKROOM

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk