Constantine Bay Stores, Padstow

Written by Theresa Tyack Friday, 12 February 2010 15:36

Constantine Bay Stores, situated in Constantine Bay near Padstow, on Cornwall's north coast is now available off a guide price of £850,000 plus stock at valuation.

A village stores has traded from this site since 1925 and is now coming to the market for the first time in 11 years. It serves a much favoured area known for its sweep of beach. This part of Cornwall has been further enhanced by Constantine Bay's location close to Cornwall's gourmet centre of Padstow.

The broad fronted premises in the heart of the village, retails all those items expected of a well run convenience store, together with those beach and tourist items sought by visitors and children during the summer months. The shop has a retail area of over 1000 sq ft which includes an off-licence. Additionally, the property benefits from a display area to the front façade provided by a covered area including the entrance. To the rear are adequate storage areas plus a freezer room. On the 1st floor is a 3-bedroom owners' apartment, which offers distant sea views to the rear.

Constantine Stores trades strongly throughout the year with, of course, a heavy summer seasonal influence when more staff are employed to cover flexible evening opening hours in addition to day time trading. Recent audited accounts for the year to April 2009 show net sales turnover of nearly £630,000, with a GP of 22.5%, producing a RCNP of £89,000.

Graham Timmins in our Business Transfer Department reports, "This is a rare opportunity brought about by the genuine retirement plans of the vendors, who can demonstrate a consistent high level of turnover over many years. I recommend an early viewing of the 1st Class business".

For full details contact Graham Timmins on 01872 247019

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