Caen Street, Braunton, Devon

House for sale in Devon

Profitable lock-up retail business operating as a delicatessen
Well-presented retail space circa 475 sq ft plus rear kitchen
Selling locally sourced West Country products
Licensed to sell alcohol
Speciality hampers sold to order and in store
Turnover about £120,000 per annum
New lease available
Current rental £650 pcm
Offers in the region of £65,000 plus SAV

LOCATION
In the heart of the popular village of Braunton which is about 5 miles North West of Barnstaple the regional capital. The village has a population of about 10,000 inhabitants which is boosted in the Summer months with the influx of tourists as it is en-route to the coast and surfing beaches of Saunton and Croyde about 2.5 miles away. The village has a host of independent shops and catering establishments and is popular with retired people as the centre is within a level walking distance. The subject premises are also close to Caen Street car park for the convenience of customers.

THE PREMISES
This mid terraced shop offers around 475 sq ft of retail plus a nice bay window for display purposes. To the rear is a kitchen of around 83 sq ft with access to a staff cloakroom. There is a communal rear yard with pedestrian access to a rear walkway that gives access from the path at the side of Deano's sandwich bar. This is useful access for deliveries from the rear.
The shop will be offered fully equipped subject to inventory of shelving, refrigerated upright display unit, open fronted display refrigerator unit, back-up fridge and freezer, various pine tables for displays, glass fronted pasty/pie/chocolate display counter, milk machine (on free loan) and till (on lease). The website which has been recently upgraded, is included within the sale.

THE BUSINESS
Looking for a nice tidy business to operate and become integrated into a close village community then this could be the business for you.
Opening 5 days a week from choice from 9.30am to 4.30pm but easy to extend the hours. The shop carries around 250 products from cheeses to alcoholic beverages, gin, rum, cider, craft beers, savouries, biscuits, pasties, sausage rolls and pies, charcuterie, pate, smoked fish, olives, crisps, nibbles and nuts, chocolates, fudge, chutneys, pickles and everything you would expect to buy in a quality deli. One speciality is hampers and cream teas. There is great potential to further develop the website to provide an online offering and expand the graze platters for catering events. Turnover is in the region of £120,000 per annum and accounts will be made available to seriously interested parties.

SERVICES
Mains electricity, water and drainage.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING
Strictly by appointment through the selling agents.

RATEABLE VALUE   
£8,700 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.

LEGAL ADVICE
We strongly recommend that a tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the tenant's responsibility.

LEASE TERMS
All leases are on full repair and insuring (FRI) terms unless otherwise stated.

From Webbers Braunton office, cross the road towards Slees Home Hardware shop. Walk past this shop into Caen Street. After about 200 yards, you'll find The Braunton Deli on the left, just before Deano's Sandwich Bar, opposite Braunton Primary School.

Important Information

• This is a Leasehold property.

Property Ref: 55707_COM250029