Financial Details
Asking price: £170,000
Sales revenue: £199,992
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
We are pleased to have been instructed to offer to the market this exceptional convenience store which has excellent future potential.

The business, which was totally refurbished in late 2009 with all new fixtures and fittings and chillers etc is currently achieving weekly sales of circa £16,000 (with a gross profit of approx 24%), additional commission income is also received via top ups of approx £400 per week and bill payments of approx £800 per week, both are with Pay Point.

The business retails a very traditional and comprehensive range of goods including:
• Newspapers and magazines
• Cigarettes and tobacco
• Beers, wines and spirits
• Crisps, snacks and confectionery
• Frozen foods
• Groceries
• Tinned foods
• General household
• Breads and cakes
• Milk butter and chesses
• Pay Point
• Top ups

The business, which is run on part time management employs 3 full time staff with the vendor working only 3 hours per day for only 3 days a week.

We advised that stock at cost is approximately £50,000.

This is a quality business in a good area. It benefits from a full refurbishment, free parking and growing sales from an existing high level.

Early viewing is recommended. The vendor will consider reasonable offers for a quick sale
REF: 9435B
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through broker. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Trading hours:Mon-Sat: 7.00am – 8.00pm Sun: 9.00am – 6.00pm
Property:Leasehold
Lease terms:TENURE: Leasehold Original lease: 15 years Remaining lease: 14 years Review every: 5 years Rent: £12,500 We are advised that the annual business rates are currently: £3,700
Location:The convenience store is ideally located on a small parade of complimentary businesses, who all contribute in attracting significant footfall levels to the area. They include a post office, chemist, hairdresser, butchers, hardware, bakery and a fish and chip shop.

The area around the shop is predominantly residential with free on street parking along the parade and in the nearby streets.
Premises Details:Extensive ground floor lock up mid terraced premises, extending to circa 1,800 sq feet and briefly comprising:

Ground Floor
• Rectangular shaped shop which has very recently undergone total refurbishment with all new chillers, racking and fixtures and fittings
• Side entry door with nearby till
• Rear cigarette gantry and spirits
• 3 rows of shelving gantry running the length of the shop
• Side shelving around external walls
• 2 x chest freezers for frozen foods
• Ice cream freezer
• 1 x 2.5m open chiller for cold beers
• Approx 8m run open chiller with milk, cheese, yoghurt, eggs and soft drinks etc
Expansion potential:Whilst already clearly a successful business, it still offers excellent scope to increase both sales and profits further by: 1. Extending the rear of the shop which would add an approx 700 sq ft to the retail area 2. The National Lottery has been applied for as there is no local supplier 3. Increase the freezer space and so increase the different types of frozen food on offer 4. Offer gift cards and fruit and veg, lack of space is the only reason not currently sold 5. Offer Western Union money transfer This is an ideal business for a husband and wife team to run with their family.
Related documents:PDF document iconSales Particulars

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