The Craft Centre, Palace Avenue , Paignton, Devon Long Leasehold : £19,995

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Full Details

The Craft Centre has been in the same ownership for over 30 years and during this time our clients have created a thriving business.

This A1 retail unit offers circa 1200 sq ft 114m2 of retail space. Located in Palace Avenue Paignton with direct pavement and shop frontage, easy pedestrian and car access and on street pay and display parking. The shop is situated amongst a parade of independent shops including

The Business
Established by the present vendors in 1987 in which time they have built an excellent reputation and have created a loyal local and regional repeat customer base, potential purchasers could substantially expand the business further with internet website marketing. Our clients during their ownership have continued to invest in the business. The reason for sale is their intention to retire.

Trading hours The business trades Monday to Saturday 9.00am - 5.00pm
Staff Operated by the owner and the assistance of 2 part time shop assistants working 1 ½ days each a week, the owner now only working 3 days. It should be noted the business is operated by one person.

Accounts Trading accounts can be made available to interested parties once a viewing has taken place.

Lease Details 15 year lease from 19th October 2017, rent review due 19/10/2020 and every 3 years thereafter. Rent £8,000pa.

Stock It should be noted that an extensive stock is required to run the business.

Shop unit
Glazed entrance door
Main retails area 15.20m x 5.28m large glazed double frontage windows, sizable retail area with central double sided sales gondola, and wall mounted display shelves and peg boarding, comprehensive range of wools, needlework fabrics and cross stitch kits and craft materials. L shaped servery counter with electronic till, phone line and card machine.
Wool room 5.93 x 2.32m
With step access from main retail area, range of open shelving and display areas.
Door to rear (not in use).

Storeroom/ stock room 3.61m x5.55m
Material measuring table, range of open shelves and racking. Door to
Kitchen / Store 1.08m x 3.42m sink, storage unit and open shelving.
Toilet W/C

Rateable Value £9,800 therefore small business relief available to qualifying applicants.

All figures quoted are exclusive of VAT whether chargeable or not. Interested parties are recommended to establish VAT implications before entering into any agreement.

Each party to be responsible for their own legal costs incurred.

Viewing by appointment only please WAYCOTTS COMMERCIAL 01803 403060

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