Convenience Store Price Reduced -Est 20 years

Price:

Leasehold - £55,000

Turnover:

Seller Ref:

8926S

Location:

South Yorkshire

Business Type:

Retail businesses

See Other:

Convenience stores for sale in South Yorkshire
Retail businesses for sale in South Yorkshire

Description:

THE BUSINESS:

Advent Business Sales are pleased to offer to the market this well established convenience store, which has been trading successfully for the last 20 years.

The current vendor has been in ownership for the past 9 years. He has decided to sell in order to concentrate on an unrelated business acquisition.

The business has modern fixtures and fittings, which have been maintained to a good standard. The business retails all the usual traditional lines including:
• Cigarettes & tobacco
• Confectionery, sweets, chocolate and crisps
• Chilled foods & sandwiches
• Soft drinks
• Frozen foods
• Ice creams
• Milk and bread
• Fresh fruit and veg
• Cards, gifts and stationery
• Bakery products
• Counter papers and magazines
• Tinned groceries

Stock at cost is in the region of £15,000.

The vendor has informed us that at least 3 to 4 customers per day ask if the business sells alcohol. This is an area, which has tremendous implications for growing sales. Applying for an alcohol licence as well as a lottery facility would have a positive impact.

Our client has informed us that a new owner could apply for an A3 licence. A fish and chips facility at the space at the rear (where the post office was) would make this an extremely profitable venture, especially with the surrounding homes and offices, who travel into the city centre to purchase food.
REF: 8926S

The business offers genuine potential to any serious minded purchaser.

Please complete the attached confidentiality agreement to ensure a prompt response to your enquiry

Disclaimer:

Viewing is essential to fully appreciate this business and strictly by appointment only through the agents.

N/B:

All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Location Details:

Our client is located close to the centre of Rotherham town on a busy road facilitating traffic flow. The road has free car parking for up to one hour. The business serves the requirements of a densely populated residential locality consisting of a large number of both terraced properties, flats as well as a good number of offices. The M1 motorway network is accessed at junction 32.

Lease Terms:

TENURE: Leasehold Original lease: TBN Can be either 10 or 15 years Remaining lease: TBN Review every: 3 or 5 years - TBN Rent: £200 per week We are advised that the annual business rates are currently:

Trading Hours:

Mon-Sat: 7.30am – 7pm Sun: 7.30am – 6pm

Accommodation:

BUSINESS PREMISES The mid terraced business premises consist of a ground floor lock up, which is in good condition. It briefly consists of: Ground Floor • Counter • Cigarette gantry to rear of counter • Central gondola • Appropriate racking and shelving • To rear is a large storage area and access to the main road Basement Currently used for storage The business premises benefit from electric shutters to the front, CCTV and double glazing.