convenience store business for Sale

Everstar properties are pleased to present this fantastic  opportunity  for the purchase of a convenience store ,business and lease with substantial  potential  for development  of the business and the business premises

This family run business is  situated in a parade of shops on a  busy road with parking in front of the shops in the parade locates within a heavily , residential area with 8 schools & industrial estate nearby.The catchment area for the business  is substantial  and there is little or no competition in the area.

The Turnover of the business has been provided as  an average of £ 8,000 per week  with a substantial  potential  for development  and increase in the same in the right hands  Wholesale newsbill £500 p.w. The gross profit is in excess of 25%. 

The business has an Hermes Parcel Agency with a  commission in the region of £300 p.w. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of £100 p.w. The business also receives commissions of £70/£100 per month in respect of an ATM machines, £340 every 3 months Inpost lockers, £145 per month Amazon lockers & £100 per month in respect of a recycling bin to front.

The Price requested is £240,000

Features

Well Fitted Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence, Atm

This is a family run business has been in the same hands for the past 23 years

Service road in front of parade with no parking restrictions

Electric shutters to SPACIOUS DOUBLE FRONTED SALES SHOP  in the region of 900sq. ft. sales area with laminated strip floor, suspended ceiling with LED lighting. 

The shop was refitted approximately 2 years ago and the following  fixtures fittings are in tne shop premises:- Air conditioning unit. Counter, electronic cash register with scanning, large cool display unit, 2-3.75m open cool display units, 1-2.75m open cool display unit, 1 upright double door glass fronted fridge (owned), 1 upright double door deep freezer, 1 single door glass fronted deep freezer, 3-tier ice cream deep freezer, centre display gondola, 16 cameras, monitor plus recording.

Staff

At present operated by a husband & wife team & no staff are employed.

Trading Hours

7 a.m. - 9.30 p.m. seven days per week

Accommodation

The accommodation all in GOOD CONDITION with Double GLAZING & FULL GAS FIRED CENTRAL HEATING, comprises:

2 Bedrooms (1 double, 1 single)

Shower room with shower, w.c. & wash hand basin

Lounge

Kitchen

Outside

w.c.

Garden. Car parking space

Tenure

The premises are held on a secure renewable lease, the present lease expiring 2027 at a rent of £13,740 p.a. next review October, 2022.

Uniform Business Rates: Nil payable at present after small business relief

We recommend an early viewing as the business has substantial  potential  for development in the business and in respect of the premises in which the business is located itself 

Price

To include the  Lease , Goodwill Fixtures & Fittings  £240,000 plus stock at valuation (£22,000/£25,000 approx).