3 Substantial freehold properties
Additional letting units
Long established business
Jet branded / contract
Offers Over £2.5m plus SAV
The business is a very well-known and respected local brand that is ready for expansion. They currently operate under a national petrol brand (under contract till 2018) which helps drive additional sales and business. As a leading local independent retailer the supermarkets stock all major brands of fresh, frozen and ambient products. They also have a licence to sell tobacco and alcohol products. National Lottery and Pay Point are also installed. There is free to use cash dispenser also. With the decline of people doing large weekly shops at the big supermarkets these stores are ideally located for the corresponding increase in more convenient and frequent local shopping. The shops also have an excellent range of light car care and maintenance products, from jump cables and motor oil to anti-freeze, screen wash, tools and polish.
The petrol forecourts are very popular and the business benefits greatly from the current deal and association with Jet. Annual combined fuel sales for the 3 sites for the last 12 months are as follows:
Unit 1: 1,179,000
Unit 2: 674,500
Unit 3: 520,500
All 3 sites are managed and controlled by the owner. There is an excellent staff team of circa 25 many of whom have been with the business for a long time. Virtually no marketing is undertaken by the business as it benefits greatly from its reputation and location, a proactive approach to this would increase revenues significantly.
All units are located in busy residential areas adjacent to main roads. One unit has the benefit of being the only retailer in the town.
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