Convenience Stores for sale in Maryport

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £525,000 Sale Agreed Turnover: £1,381,773
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this well established and very busy convenience store and Post Office business, which is ideally located within Flimby, Cumbria.

The long established business has been in our clients’ careful ownership since 2002, and is only now being offered to the market, due to our clients’ desire for a well-deserved retirement. the business currently operates 7 days per week and generates a turnover in the region of £1,381,773 per annum, with a good gross profit.

Our clients offer a wide variety of goods, including newspapers and magazines, greeting cards, stationery, convenience items, confectionery, frozen/chilled goods, ice cream, soft drinks, alcoholic beverages, tobacco products the Lottery and Post Office services. To the rear of the main shop is a large warehouse, that has been converted into a pet supplies store.

The property boasts 247 sq. metres of floor space, is very well maintained, decorated to a very high standard and is extremely well fitted out to suit the trade. To the first floor is a three-bedroom flat, which currently has a sitting tenant paying £65 per week, although a new owner could use the flat as owners’ accommodation should they desire.

The business has built up an excellent reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and service offered. There is also scope to offer newspaper deliveries within the area.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
M & S Convenience Store occupies substantial two storey premises, ideally located within the village of Flimby, near Maryport in Cumbria. The business is surrounded by densely populated residential areas, from which the business derives much of its trade. The business is located on Wedgwood Road and benefits from a good volume of footfall and passing trade, as well as on-street parking facilities to the front of the premises.

Flimby is a village in the Borough of Allerdale in Cumbria. Amenities within the village include and Anglican church, a village primary school and a working men’s social club. Flimby has 3 grade II listed buildings including Flimby Hall, which is a three-storey country house, completed in 1766.

The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. Flimby railway station is less than 5 minutes’ walk away. The area is also well-served by the A-roads, with the A596 being within easy driving distance, which links to the national A-road and motorway networks. Maryport is just over 2 miles away and Workington is 4½ miles away.

PREMISES
Substantial two-storey premises in a prime trading location, briefly comprising:

Ground floor:

Large retail area with serve over counter to the right.

Serve over counter with 2 x EPOS cash registers, Lottery terminal, Post Office counter and tobacco gantry to rear.

Perimeter shelving.

Newspaper/magazine display racking.

Central display aisles.

Large greeting card display.

2 x refrigerated display cabinets.

Ice cream freezer.

3 x double display freezers.

Drink chiller unit.

Large Coca Cola display refrigerator. (not owned by our clients).

Safe room.

Staff WC.

Access to stock room.

Stock room/office:

The stock room and office are located to the rear, right hand side of the shop, and can also be accessed from the side delivery entrance. The stock room also leads into the pet supplies area and has a chest freezer for storage.

Pet supplies area:

Large warehouse, which has been converted into a pet supplies store with its own service area and cash register. It is equipped with shelving and fittings, weighing scales and a chest freezer.

First floor:

Open plan living room/kitchen.

2 x double bedrooms, one of which has fitted wardrobes.

Single bedroom.

Bathroom.

Separate entrance.

External:

Free on-street parking facilities.

TENURE
We are advised Freehold.

HOURS
The business is open:

Monday – Friday: 6.30am – 8.00pm

Saturday – Sunday: 8.00am – 8.00pm

STAFF
The business is owner run and managed with 1 x full time and 8 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of £1,381,773 per annum, with a good gross profit.



Tenure: Freehold

Listed by: Hilton Smythe
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