For sale £49,950 - Convenience
The business is well established ( 20 years) and has been successfully run by our client since 2007
The current owner has worked tirelessly to transform the business into what it is today, turnover increasing weekly currently £5000 av per week
Rent £10140 pa (with 2 Bed appt with a potential rental of £390 for the new vendor per month )
The principal business activities lie in the serving of everyday commodities, , bread, toiletries, groceries, alcohol and tobacco to name a few , with a consistent revenue from Lottery Scratch cards , Pay Zone , Cash Machine and UPS.
The business currently opens seven days a week, with a constant flow of customers from the neighboring, densely populated residential area.
The business benefits from ample free parking to front
Our client, over the past few years has successfully transformed the fortunes of this sustainable business. Scope for further improvement could include introducing sales of other product lines , along with extended opening hours. Ie open before 9 am for newspapers
The business reluctantly comes to the market due to our client’s desire for semi retirement and would suit an owner / manager to realise greater profits /wage .
Location Description:
The Convenience Store is located in a populated urban area within with complimentary businesses within a small parade of shops, all nestled within a large residential area ensuring heavy footfall.
Premises Details:
The business proudly sits on a central position within a parade of complimentary shops. The open plan retail area of the store is covered by means of tiled flooring, shelving is abundant to the perimeter walls, the retail area houses all the necessary fixtures and fitting to run the business, including; 32 x aisles, 2 large open bed chiller cabinets, a double drinks chiller, 2 x chest freezers, card display area, along with a large confectionary display. The retail area is extremely well presented, allowing customers easy access to the amply stocked shelves. The retail area is extremely well lit with an array of fluorescent lights allowing a bright and welcoming atmosphere. Customers benefit from the installed Payzone. Within the retail area of the shop is a counter server housing one electronic cash registers. To the rear of the ground floor lies the store room, along with kitchenette and a w.c. To the rear is a garage and a secured service yard .
The business is run by 1 full timer and a part timer
Trading Hours:
The business currently observes the following opening hours:
Monday to Saturday 9.00 am to 9.00 pm
Sunday 12 pm to 8.00 pm
Lease Terms:
We are advised the business is Leasehold with eight years remaining. The lease is reviewed every five years. Rent £10140 pa and no rates ,
Reason for selling this business:
The business reluctantly comes to the market due to our client’s desire for semi retirement .
Furniture, fixtures and fittings are included in the sale
Stock at Valuation
