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Retail premises for sale

£19,995

72 High Street, Honiton EX14

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Property description

Business
Hilton Smythe welcomes to the market Beauchamp Place. This clothing store was originally established by our client over 28 years ago. The store is very popular in this location and receives a generous amount of repeat loyal trade. The owner is now looking to sell the business, due to the desire to take a well-deserved retirement.

The business runs as a town centre clothing store, selling an extensive range of women’s clothing. The store targets customers of 40 plus, this is a popular target market in this town. They sell a range of clothing, jackets, coats, bags, shoes, boots hats, accessories and glasses.

The store generates a healthy turnover of around £139,207 per annum excluding VAT. The figure could be increased with online selling.

The store offers an excellent variety of hats and fascinators for events such as weddings. Hat hire is also available, which has proven to be very popular.

Beauchamp Place is well established in this location but could boost trade further by selling from their website (); this should allow for custom from further afield. This is a fantastic opportunity to run a well-established clothing store on a main high street location. Hilton Smythe highly advise early viewing, to take in the full potential of the trade.

Location
Beauchamp Place is located in Honiton, Devon.

The business is situated in a prime, central location on Honiton’s busy High Street. There is free one hour on street parking outside the shop, as well as 4 car parks nearby.

Honiton is close to the picturesque seaside town of Sidmouth and is not far from Lyme Regis and Beer. It’s also easily accessible from Exeter and Taunton.

This busy road is a cut through from the A35, across to the A30, on the other side of Honiton. Junction 28 of the M5 (Cullompton) is just 10 miles away. There are great public transport links in the town, with bus stops within an easy walking distance of the property. The closest train station is also just a short 5 minute walk away from the shop.
Premises
The business is situated in a ground floor property, on the main high street in Honiton. This is a centre premise in the middle of a retail parade. There is a large window to the front; this allows for a bright interior. The window space is also used for eye catching window displays. The property is well-signed.

The retail space is long with rails and glass shelving on all of the walls. On entrance is the service counter, this has a full view of the whole shop. There are counter top displays and jewellery displays on the front. In the centre of the shop are two dressing rooms, for customer’s to try on clothing.

To the rear of the retail space is a stock room, with rails and shelving. There is also a kitchen unit with a sink and kettle, there is a separate W/C.

Equipment included in the sale, is as follows-

Rails

Shelving

Racks

This is a great sized property that is well-suited to the trade. This premise is secured with bars on the glass door and an alarm system.
Tenure
We are advised the business is being sold as a Leasehold opportunity.

New lease to be negotiated: 3 years +

We are advised the rent will be £12,000 per annum.
Hours
The business opening hours-

Monday - Saturday: 9:30am – 5:00pm

Sunday: Closed
staff
The business is run and managed by our client, who works three days a week, with the help of three part time members of staff, who work one day each.
Financial profile
The business generates a turnover in the region of £139,207 per annum.

What Zoopla users think of Honiton

Overall rating:

  • currently 4 stars
Very good - 75% (18 ratings)

Ratings breakdown:

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Nearby transport

  • Honiton (0.2 miles)
  • Feniton (4.3 miles)
  • Whimple (7.6 miles)
  • Exeter International Airport (10.8 miles)
  • Cardiff Airport (41.8 miles)
  • Bristol Airport (45.2 miles)
  • Topsham (Turf Lock Ferry) Ferry Landing (14.6 miles)
  • Topsham Ferry Landing (14.7 miles)
  • Topsham Lock Ferry Landing (14.8 miles)

Nearby schools

View all schools in East Devon
  • Honiton Primary School (0.2 miles)
  • Littletown Primary Academy (0.6 miles)
  • Awliscombe Church of England Primary School (1.9 miles)
  • Wesc Foundation College (15.0 miles)
  • Richard Huish College (15.0 miles)
  • King's College (15.2 miles)
  • Honiton Community College (0.2 miles)
  • The King's School (5.7 miles)
  • Colyton Grammar School (7.1 miles)
Note: Distances are straight line measurements

Local info for East Devon

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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