Beach Shops for sale in Birchington

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Polly Franey (July 2015)
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Leasehold Price: £159,995 Turnover: £457,464 Gross Profit: £84,046
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market Minnis Bay Stores Ltd. The business was originally established in this location in the 1970’s. Our client first took over in 2002, and is now looking to sell the business due to the desire to take a well-deserved retirement.

The shop runs as a busy convenience store and newsagents. They stock a range of products such as confectionary, household goods, alcohol, magazines, newspapers, cards and more. The store does also provide 4 news rounds to the local area.

We are advised the business currently generates an advised turnover of around £457,000 per annum with a gross profit of 18%, as of 2016. The business does also receive a further income from news sheets and the Lottery.

The business benefits from a large retail area that stocks a fantastic range of products. The business further benefits from its close proximity to the beach, this is the closest store in the area; which is great in the summer months for the sale of ice creams. This is a great location for the shop and we feel the new owner should look to open longer hours, to enable maximum sales.

The sale includes an owner’s accommodation which has the potential to be, two flats. The space isn’t currently let out as flats and the new owner should definitely look at this option. There are further rooms in the property with the potential to be let out.

This is a fantastic opportunity for any purchaser looking for a bolt-on or first time purchase. The store is highly profitable, and is situated in an enviable location. Hilton Smythe advise early viewing to avoid disappointment.

LOCATION
Minnis Bay Stores Ltd is located in Birchington, Kent.

The store is situated on a retail parade in a densely populated part of town; close by to the beach. There are several shops such as a barbers, hair salon and a green grocers. The business is approximately 5 minutes away from the town centre, which has a variety of stores and all amenities.

The store is located on a busy main road that runs from Minster, on to the coast at Birchington. The area allows for custom from, the heavy passing trade and an abundance of loyal local trade. Within walking distance are several bus stops and a train station.

PREMISES
The business boasts a large corner premise, which is fully signed with the Best-One branding.

The retail area is a great size and is set on the ground floor. There is perimeter shelving and central isles running through the store. This is a substantial sized store that can stock a generous range of products.

Equipment includes-

Counter

Glass top chest freezers

Shelving

Racks

3 x Open chillers

Lottery terminal

Cigarette gantry

Above the store is an owner’s accommodation. There is a family bathroom, living room, double bedroom, two more double bedrooms, and bathroom. This accommodation has the option to be two flats. There is separate access at the back of the property. Running along the back of the premise, is a bespoke balcony, this would be accessed by both flats.

On the first floor are two store rooms for the shop. There is also a basement with three separate accesses.

TENURE
We are advised the business is Leasehold.

Lease length to be advised.

Rent: £26,000 per annum

HOURS
The business is open-

Monday - Sunday: 6am – 7pm

STAFF
The business is run and managed by our client with the help of 3 members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £457,000 per annum, as of 2016.

With a gross profit of around 18%

We are advised there are 4 delivery rounds and Lottery, which provide an extra income.



Tenure: Leasehold

Listed by: Hilton Smythe
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