Moreton Park Stores
83 Moreton Park Road
Freehold asking price: £375,000
to include inventory & goodwill
Weekly sales circa £7,000,
gross margin 22%
1,000 sq ft re-fitted shop, p.p
Immaculate 3 bedroom
National Lottery and Pay Point
Located in densely populated
Club Plus appointed (parcel
Predicted new 1,000 homes in
vicinity next 2/3 years
SITUATION OWNERS’ ACCOMMODATION
The sea port and market town of Bideford is located on the Torridge Estuary in Modern well presented living accommodation benefiting from gas central heating
North Devon approximately 39 miles northwest of Exeter on the A39. The quaint and part uPVC double glazing briefly comprising:
fishing village of Appledore and popular seaside resort of Westward Ho! can be
found nearby. This area is known as the Golden Triangle. External staircase to the side of the property leading to the front door into large
glazed Porchway/Utility Area offering views over surrounding countryside. L-
Bideford is a thriving tourist centre with its historic Pannier Market and Quay, the shaped Hallway with airing cupboard, hatch to loft space and doors to all rooms.
working harbour is the home to the MS Oldenburg which sails back and forth to Kitchen/Dining Room Recently fitted modern kitchen units with matching range of
Lundy Island 12 miles off the coastline. The Londis store itself is situated within a base and eye-level units, built-in oven and hob, extractor hood over, space and
pleasant residential suburb of the town in an unopposed position. plumbing for dishwasher and automatic washing machine, 1½ bowl sink, part tiled
walls, ceramic tiled floor, new wall mounted gas combination boiler. Dining Room
uPVC double glazed window to front with rural aspect, radiator. Living Room
uPVC double glazed window to front with rural aspect, modern gas fire. Bedroom
1 Double room, window to front, radiator. Bedroom 2 Double room, window to
A modern link-detached property with approximately 1,000 sq ft re-fitted retail area rear, radiator. Bedroom 3 Single room, window to rear, radiator, built-in
and Stock Room/Garage together with a good sized 3 bedroom self-contained flat cupboards. Bathroom Recently fitted with 3 piece suite, obscure window to rear,
on the first floor. There is owners’ parking to the rear and a paved patio area to new electric shower.
the front. Planning permission has been obtained to extend the retail area.
To the front of the property is a 2-tier patio area.
Modern double fronted shop with uPVC entrance door leading to approximately
1,000 sq ft retail sales which was fully re-fitted to a high standard in 2003.
To the rear is a single Garage currently utilised as a Stock Room, parking area,
rear door to shop and lock-up Store Shed.
The sales area incorporates an extensive range of matching price edged shelving,
3.7m dairy multi-deck chiller, double milk chiller, centre gondolas, DVD section,
large off licence, section comprising 205m open fronted chiller, double door chiller
cabinet and ambient shelving, combination type upright display and chest freezer,
Kleerex gift wrap and greetings card stand, Kleerex magazine racking, Kleerex This very profitable and well managed business has been successfully run by the
news stand, Kleerex Snaking fixture, ice cream freezer, modern serving counter present owners since they acquired it in 2006. They now wish to pursue other
with 2 electronic scanning till positions fully chip and pin compliant, Bake-off oven interests.
with hot food display over, electronic weighing scales, National Lottery terminal,
Pay Point terminal, small storage freezer and DVD storage area, cigarette gantry, NATIONAL LOTTERY
various free-standing displays, fresh cut flowers and 2 end open fronted soft drinks
chiller. The business is currently an appointed National Lottery ticket agent. The transfer
is at the sole discretion of the operating company Camelot Group Plc. Advertised
The store has a CCTV system with 7 cameras. sales average £2,500 per week.
A door from the side of the shop leads to staff Kitchen area and W.C. TRADING INFORMATION
March 2012 accounts (draft) show net sales of £371,611 with a retained gross
profit of £83,676 (22%). EBITDA (adjusted net profit) £36,440. This figure would
be increased by at least £10,000 were the business run by a couple thus reducing
wage bill. “Collect +”” (parcel delivery point) has been recently introduced at the 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.
stores and appears to be proving very popular. Planned residential development Any description of information given should not be relied upon as a statement of representation of fact
close by will present further business opportunities in the future. No news rounds, or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint
counter news only. Agents) not any of their employees has any authority to 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
7.00am – 10.00pm Monday to Saturday 8.00am – 10.00pm Sunday planning, Building Regulations or other consent has been obtained. These matters must be verified by
STAFF an intending purchaser.
The business is currently run by one full time proprietor and 7 part-time staff. If the
business were to be run by full time husband and wife staff team, wage costs could
be reduced considerably.
Current weekly wage bill averages £625.00.
The property has a premises Licence granted by the relevant Local Authority. It is
a requirement of the Licencing Act 2003 that properties serving/retailing alcohol
have a designated Premises Supervisor who must be the holder of a Personal
Prospective purchasers are advised to take appropriate specialist advice.
We are advised that planning permission was granted in 2002 for an extension to
the front to increase the sales area by 400sq ft and extend to the rear of the Stock
Room. Though we have not seen a copy of this consent and are therefore unable
to confirm that it is still current, we cannot imagine that it would be to difficult to re-
apply if needs be.
No direct approach is to be made to the business. For an appointment to view
please contact Dean Warmington at Underwood Warmington on 01271 378731 or
mobile 07971 830881 email firstname.lastname@example.org.