Business description

The business is that of a DVD rental shop having the choice of over 4,000 titles and are rented at a cost of £3.50 per night per DVD or 2 for £6. As well as renting the shop owner also sells ex-rental DVDs at £3 per title. Within the shop there is also a cold refrigerator drinks cabinet and therefore the shop owner sells cold drinks and a small amount of confectionary. The owner has advised us verbally that there is a membership of approximately 8,800 customers and the business covers a wide catchment area including Bideford, Appledore, Westward Ho!, Torrington, Instow and Yelland and surrounding villages.

The turnover is approximately £52,000 p.a. showing a nett profit of 50% profit margin, subject to verification of the accounts.

Property information

Property:

Leasehold

Lease terms:

The premises are held on a 3 year Lease at a current rental of £550 pcm. An incoming purchaser will need to provide the usual bank and trade references for Landlord's approval. The landlord is a local Charitable Trust known as The Bridge Trust of Bideford.

Location:

In a busy town centre trading position, located between The Quay and Mill Street, the property is in a prominent position in this popular town. Nearby traders include estate agents, restaurants, public houses and the property is ideally placed for customers to collect and drop off their orders.

Bideford is often referred to as 'the little white town' straddling the River Torridge and having a population of approximately 14,500 inhabitants. Nearby towns include the resort of Westward Ho! and the village of Northam as well as Instow, with its sandy beach. Bideford is within approximately 11 miles motoring distance of Barnstaple, North Devon's regional centre. This shop has a large catchment area including customers from as far afield as Yelland and Torrington.

Premises details:

The property comprises a ground floor lock up shop of approximately 340 sq.ft. of retail space with 2 stockrooms and a cloakroom to the rear.