ASKING PRICE : Asking Price £1,599,950 for business including 2, 3-bedroom flats and 1.2 acre land with potential to bring in 10% yield or room for a huge development.
AT A GLANCE
Weekly sales circa £25,000 excl. services Lotto, PayPoint and Parcels
Post Office renumeration £16k per annum
10,000 sq ft site with shop only occupying 2000 sq ft
Huge FREE Parking to the front and the side of the store
Relied upon by the local community
Energy Rating D
A Freehold convenience store located in a busy residential area
A rare opportunity to acquire a long established off licence and convenience store.
Current owner retiring due to ill health
This site has storage at the back. The site is staffed full time therefore it has huge potential to increase sales with onsite management.
This would be ideal for a multi store operator with a good knowledge of business, or a developer or ideal for an investor who wants a minimum 10% yield for just buying the site and letting someone else do all the hard work.
All checks are done. Land is ready for development.
LOCATION
The site benefits from being surrounded by an extensive residential area and based on a busy road with lots of parking. The shop has potential to do so much better as the current owner has been forced to step back due to poor health. Located in a pleasant area and amongst a shopping area where businesses complement each other. Lots of passing trade as well as regular and return custom.
INTERNAL DETAILS
The store is fitted to a good standard, equipped with all required chillers, freezers, shelving and gondolas. The business sells a full range of products as would be expected for a convenience store, including, alcohol, tobacco, confectionery, frozen, ice creams and general items of convenience. This business has a potential to increase sales by increasing hours. Currently opens at 7am - 10pm. Current sales are around £25,000 per week excluding services such as Lottery & PayZone. Has parcel service which generates an income too.
External Details
The business benefits from having extensive free parking to the front and side of the store.
FIXTURES & FITTINGS
We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.
THE OPPORTUNITY
This convenience store is relied upon by the local community. The potential is huge as it has everything a business needs except for the time to push the business from strength to strength due to poor health.
TRADING INFORMATION
Trading information shows average weekly sale of circa £25,000 plus per week excluding services.
TRADING HOURS
Monday to Saturday 07:00 - 21:00 Sunday 09:00 - 19:00
Regulatory
Premises Licensed
BUSINESS RATES
The current owner has advised that the store benefits from some small business relief on business rates. Purchasers however should make their own enquiries with the relevant local authority.
VIEWING
No direct approach may be made to the property. For an appointment to view please contact the agent.
