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Honiton Garden Centre, Tower Road, Honiton, Devon, EX14 9TN

Guide Price
£900,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Out-of-town retail property for sale

Key features

  • Circa 2.6 acres
  • Large modern retail building
  • 45 space car park
  • Cafe with 80 internal/external covers
  • Established customer base
  • Scope to grow business
  • Christie & Co Ref: 4211092

Description

Description

Honiton Garden Centre is an independent family run garden centre and café with a large modern barn style building with a wide range of retail lines, dedicated plant retail area and Café with huge scope for further expansion.
The site is approximately 3.68 acres in size and consists of 2 buildings accommodating a large retail sales area, and café along with a recently expanded customer car park and a large presently underutilised field. The site occupies a prime roadside location and offers an excellent opportunity for further growth.

Location

Honiton Garden Centre is located in Honiton, Devon alongside the A35 trunk road and just a few minutes drive from Honiton Town Centre.
According to the latest census data there are over 325,000 people living within a 25 kilometer radius of the garden centre and the data highlights favourable local demographics with above UK average home ownership.
The business is around 17 miles from Exeter, and close to the affluent Devon coastal towns including Sidmouth, Branscombe, Budleigh Salterton and Exmouth.

The Opportunity

The business is run by the family and has benefited from substantial recent investment, including a 5000sqft purpose built retail building, recently upgraded plant area and expanded customer car parking.
The business is now ideally placed to capitalise on the potential of the site which occupies a prime A-Road position with exceptionally high volumes of passing traffic. The centre has recently expanded ranges including the addition of pet products but considerable scope remains to expand the range and volume of products available.
The café operation is currently trading at close to capacity so expansion of the internal and external seating spaces offer huge scope for the business to significantly grow the food and beverage income which is currently around 35% of overall turnover.

Staff

The business is run by the owner with the assistance of a small experienced team, full details can be provided to interested parties.

Trading Information

Turnover
18 months ending 5-Apr-24 - £382,340
Y/E 30-Sept-22 - £256,699
Y/E 30-Sept-21 - £272,532

Gross Profit
18 months ending 5-Apr-24 - £144,082
Y/E 30-Sept-22 - £82,106
Y/E 30-Sept-21 - £110,126

Adjusted Net Profit
18 months ending 5-Apr-24 - £98,897
Y/E 30-Sept-22 - £53,752
Y/E 30-Sept-21 - £94,629

Trading Hours

Monday – Sunday
10am – 4pm

The owners choose to operate shorter hours but this represents another avenue for buyers to increase trade.

The business has excellent ratings on Tripadvisor and Google reviews.

Energy Performance Certificates

EPC 1

Brochures

Honiton Garden Centre, Tower Road, Honiton, Devon, EX14 9TN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Honiton Station1.2 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 4211092-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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