Convenience Stores for sale in Southampton

View the "BUSY HIGH STREET FRUIT & VEG SHOP IN SOUTHAMPTON" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 Thanks to your email alerts I found & have recently completed on the purchase of a Hotel in Scotland 

Ian McGregor (Nov 2013)
View More
Leasehold Price: £99,950 Annual Turnover: £448,494 Annual Gross Profit: £161,125 Annual Net Profit: £74,908
Request Details
Business Description

Southampton is one of the country's busiest deep-water ports, with its unique double tide allowing unrestricted access for the world's largest vessels, including cruise ships. The city has excellent shopping with famous department stores, high street names and specialist and independent shops, all located within easy reach of public transport. With easy access to the M27 and M3, it is a vibrant city with a lively programme of events and venues, including the Mayflower Theatre which hosts a wide variety of live performances, from pantomime to opera, throughout the year and which is now considered one of the top three most successful regional theatres in the UK. The area has a number of historical points of interest which include the medieval walls surrounding the city, and links to the Pilgrim Fathers' departures to the Americas, the Titanic and the Spitfire. The City Art Gallery is internationally renowned and numbers over 3,500 works and spans six centuries of European art history. Within easy reach of Southampton, is Portsmouth and its numerous naval attractions, Winchester with its renowned cathedral, the New Forest and the Hamble River, all offering an interesting variety leisure facilities.


This established family-owned business, which has been in the same hands for 40 years, now for sale as the Vendors wish to retire. Retail sales £10,000 per week. Gross profits of £3,000 p/week. Shop rent £350 p/w. Main trade fresh fruit and vegetables. Popular shop, loyal, local client base. The main fruit and vegetable wholesale market serving the South Coast is conveniently located in Southampton. Trade is steady at £10,000 per week. 2 refurbished refrigerated cold rooms. Separate unit to rear for storage and packaging held under a separate lease with annual rent of £3,000. A 7.5 tonne Mercedes Atego lorry (LEZ Compliant) recorded mileage of 200,000 included in sale. Lease includes a self-contained 2 double bedroom flat which could generate £800 per month if let.

(all sizes are approximate & should be considered 'nominal'.)

The business premises consist of a large open retail area measuring approximately 600 sq ft. To the rear of the retail area is a Manager's office, a storage and packaging area, two refurbished cold rooms and a door leading to the rear yard. There is a separate entrance to the self-contained private accommodation above which could be let out for approximately £800 per month if the buyers wished to let the accommodation separately.
Note: Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

Accounts inspected by Adams & Co for the year ended 31 October 2015 show turnover of £448,494, gross profits of £161,125. These figures compare favourably with the previous year with turnover of £419,174 and gross profits of £152,220.
Please note that if a business is VAT registered, all figures
exclude VAT.

There is a bus stop outside the shop. The business shares the High Street with leading National brands such as Greggs, Boots, Carphone Warehouse and Superdrug (opposite) Nationwide and the UK's leading Banks all of whom draw shoppers to this popular retail area.


This is a leasehold opportunity with a 10 year lease in place which expires 31st May 2024. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £18,000 per year. There are 5-yearly rent reviews with the next review due in 2019.

Please be aware that the landlord will require references to support your application as a tenant and satisfactory bank and trade references will be requested. In addition, the landlord may ask for a rent deposit equal to 3 or 6 months dependent upon quality of references and status of the buyer.


The rateable value of the business premises is £14,250, with rates of £6,897 payable in 2016/17. The domestic accommodation falls into Band A for council tax purposes.

This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

We understand from the vendor that all main services are connected to the property.

(all sizes are approximate & should be considered 'nominal'.)
The spacious owners' accommodation above the shop comprises hall, stairway, lounge with feature Bay window, two double bedrooms, fitted kitchen and bathroom with shower.

The vendor informs us that the value of the stock is
approximately £8,000

Monday to Saturday 08:00 to 17:30
Sunday closed

The Vendor and his wife work full-time in the business supported by one other full time employee
and one part-time.

Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

The owners' decision to retire has created an exciting opportunity for a new owner to enjoy the rewards of a solid, established and profitable business. The excellent reputation nurtured by the current owners
over the past 40 years will assure the success of the business going forward.
Financial information will be made available to seriously
interested purchasers after they have formally viewed the
Tenure: Leasehold

Location Details:

Amongst National retail brands and banks on High Street in busy retail area of Southampton

Leasehold Term:

This is a leasehold opportunity with a 10 year lease in place which expires 31st May 2024. The lease is a protected lease within the terms of the Landlord & Tenant Act 1954 and therefore renewal rights apply. The current rent payable is £18,000 per year. There are 5-yearly rent reviews with the next review due in 2019.

Listed by: Adams & Co
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

Seller Reference:
Bookmark and Share
You May Also Like...