Bathurst Street, Douglas
Asking price: £195,000

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Mace Convenience Store, Bathurst Street, Douglas

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  • Excellent passing footfall
  • Leasehold expiry 28th February 2027
  • Turnover £647,883.95 30/06/21
  • Potential for further growth in profitability

An opportunity to acquire a growing and well established convenience store business in central Douglas.

Store is maintained to a high standard and is extensively fitted out and has a wide range of display units throughout. Has great potential to grow further in profitability.

Comprising of main retail area on the ground floor with 2 display areas and storage at the rear, shelving, sink and rear entrance access. Two large rooms and WC on the upper floor.

Sales turnover on year end 30.06.18 - £378,300 - year end 30.06.19 £525,176 - year end 30.06.20 £628,589 and year end 30.05.21 £647,883.95. Net profit figures are available to view on any interested party signing a Confidentiality Agreement.

Inventory of the contents of the shop is also available. Stock at value.

The sale includes all stock and is subject to an Assignment of the Lease. The lease commenced on the 1st March 2017 and expires on the 28th February 2027 the present annual rent is £18,000 the Tenant is responsible for rates and the Lease is available to view.

Vendor is open to offers.



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Location

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Bathurst Street
Douglas IM2 3HH
County: Iom
Sale Type: For Sale
Ref #: DR2809
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere