Convenience Stores for sale in Derby

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Ian McGregor (Nov 2013)
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Leasehold Price: £24,950 Price Reduced Turnover: £156,000
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Business Description
BUSINESS
Hilton Smythe is delighted to introduce to the market G G News Food and Wine. The store is a very busy well equipped convenience store, newsagents and off licence.

The business was originally established many years ago, and was taken over by our client 8 years ago. Our clients are now looking to retire, after working hard to run this profitable business. The current turnover for the business is a healthy £156,000 per annum.

The turnover is generated from the running of the traditional convenience store. The store also sells cigarettes, convenience foods, wines, spirits and scratch cards etc. We are advised that our clients offer a newspaper delivery round, 3 in the mornings and 5 on Sundays. They generate around £800 per week on news sheets.

We believe the turnover could be increased massively. One way in which this could be done is to expand stock sold. The large store has a mass amount of space with plenty of shelving.

The current opening hours could also be increased from 7:30pm to 10pm, this would boost trade and therefore revenue should increase. There is the opportunity to apply for a lottery terminal, this should also raise turnover.  

The business is currently run at a steady pace to suit our clients needs, with a determined new owner there is a mass amount of scope to boost this already profitable well-known business.

We highly advise early viewing to avoid disappointment for such a fantastic large business opportunity.

LOCATION
G G News Food and Wine is located in the sought after village location of Spondon, Derbyshire.

Spondon is 3 miles North East of Derby. This is a very popular residential area, from which the business derives much of its trade. This town hosts a small number of chain shops, but supports a large number of independent retail stores. The area is well equipped with all amenities within close proximity to the business. The A52 by pass is a cut through and provides the area with a dual carriage ways, which links to Derby and Nottingham.

The business is just a short walk from the town centre. Due to the high demand of footfall in the area, the business benefits from a huge amount of bus stops. This area is perfect for attracting passing trade with on street parking to the front of the store.

PREMISES
The business is set in a large well laid out premises. The front of the property is well signed with the bright red and yellow theme; clearly visible to passing trade.

Inside the property is a huge range of stock, which is clearly stored throughout the shop area. The store is well fitted out with shelving, and is approximately 1000 square feet. The following equipment included in the sale is as follows-

15 foot magazine and newspaper unit

4 x Card display units

2 x Card spinning racks

Display counter with electronic till

1 x Ice cream freezer

2 x Centre gondolas

3 x Glass top display freezers

2 x Upright drinks chillers

1 x Coca Cola double door chiller

1 x Dairy chiller

1 x Cigarette gantry

1 x Scratch card dispenser

Adjustable wall shelving around the perimeter

To the back of the premises is a stock room with a toilet for staff.

There is a separate lock up garage at the back of the premises, this is used for storage.

TENURE
We are advised the business is leasehold

Original lease length 12 years

Remaining lease length 4 years

Review 3 years

Rent £7,500 per annum

HOURS
The business opens:-

Monday-Saturday: 6:45am - 7:30pm

Sunday: 6:45am – 7pm

STAFF
The business is run and managed by the owners with the assistance of family members who work part time.

FINANCIAL PROFILE
The business reports a turnover of £156,000 per annum

News sheets £800 per week.


Tenure: Leasehold

Listed by: Hilton Smythe
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