Freehold Sports Shop Located in Ilfracombe Devon For Sale

Ilfracombe, Devon, United Kingdom

Advert ref: 10715

Business description

Bag a Business is pleased to offer for sale this thriving specialist fishing tackle and gun shop, which was established in the 1960s and has been under the proud ownership of our clients since 1971. It is now reluctantly being offered to the market as our client wishes to retire. The business is currently run by a husband and wife team and achieves a healthy turnover of £154,884 (split two thirds fishing tackle one third guns), whilst enjoying a gross profit of £62,881. This is further enhanced by the spacious three bedroom owner's accommodation, which benefits from views of Ilfracombe harbour. Variety Sports has gained a long established local reputation for the wide selection of items on display, as well as offering friendly service and invaluable advice. We feel that this opportunity represents an ideal base for a new owner to build upon, perhaps by offering internet or mail order sales, and urge early viewing of this unique business, which would be ideally suited to an enthusiast.

Trading hours:

Summer - 7 Days: 9.00am - 6.00pm Winter - 4.5 days: 9.30am - 5.50pm

Property:

Freehold

Lease terms

Freehold

Living accomodation

Well presented three-storey premises. Briefly comprising: GROUND FLOOR Main sales area Store room Gun room Bait room FIRST FLOOR Lounge Kitchen Bathroom SECOND FLOOR Double bedroom Double bedroom Single bedroom EXTERNAL Small rear yard

Location

Variety Sports is situated on one of the main shopping streets in the popular Harbour area of Ilfracombe, which is in North Devon. There is a wealth of complementary shops and businesses as well as ample car parking facilities. The business draws its trade from the surrounding area as well as visitors who flock to the area, particular during the summer months. Ilfracombe is a popular holiday spot containing whitewashed houses, grand Victorian villas and terraces, which climb over the Wilder Valley, renowned for its dramatic coastal scenery. This seaside town is set between the National Park of Exmoor to the east, and the Golden Coast with the surfing beaches to the west. Although set in spectacular north Devon countryside it enjoys excellent links via the main A361, which connects to the M5 motorway to the east and the A39 (Atlantic Highway) to the west.

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Financial details

Asking price:£280,000

Sales revenue:£154,000

Net profit:Undisclosed

Furniture / Fixtures value: Undisclosed

Inventory / Stock value: Undisclosed

Photos