Convenience Stores for sale in Castleford

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 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
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Leasehold Price: £65,000 Turnover: £312,000
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Business Description
BUSINESS

Hilton Smythe welcomes to the market B Pearson Off Licence and Convenience Store.  This extremely busy concern comes to the market as our clients look towards retirement after serving the local community for some 30 years.

The business trades from two interconnecting shops.  Shop one retails sandwiches, confectionary, frozen food items, fresh breads, pastries and hot pies. Shop two has a wide variety of stock including hardware, fancy goods, greeting cards, pet foods and medicines.  

Additionally, B Pearson offers a personal delivery service of groceries to the elderly in the immediate area and included in the sale price are two vans.  The business also offers a dry cleaning service, this is truly a one stop shop for the community.

The business also benefits from fantastic owner’s accommodation with 3 bedrooms, large rear garden and garage ideal for family living space.

We feel the business has great potential for further growth, with the introduction of new stock lines or perhaps by extending the off licence arm of the business and introduce counter newspaper sales.  The delivery service could be extended to further afield or to other customers within the area.

Furthermore, the business has been run at a pace to suit our client over recent years with the business being managed by paid members of staff, therefore the wages bill has been around £30,000 per annum, which can easily be reduced if the business were to be owner run and managed to reduce this overhead.

Naturally, we would highly recommend viewing this clearly sustainable business with scope for development and fantastic living accommodation to fully appreciate.

LOCATION

The business is located in the large residential suburb of Airedale in the town of Castleford in West Yorkshire.

Ideally located on Elizabeth Drive in the heart of this densely populated residential area, with several local schools, large playing field and the advantage of a bus stop all within very close proximity ensuring heavy footfall in the area.

The area has excellent road links with both the M62 and A1 a short drive away and the City of Wakefield within an easy commute to Airedale.

PREMISES

This double fronted semi-detached store was formerly 2 premises which are now interconnecting and briefly comprise:-

Shop one comprises of retail area with glass fronted serve over counters, refrigerated serve over counter, 2 upright drinks chillers, double door dairy chiller, pie warming cabinet, display chest freezer, electric till, electric scales, shelving around perimeter to suit trade and tiled flooring throughout.

Through to second retail area including display counter, upright glass shelved display cabinet, various shelving units around perimeter, 2 greeting card display units and electric till.

To the rear is the kitchen/stock room with ample work surfaces, microwave, 2 grills, fridge/freezer and 2 kettles.

Included in the sale are two work vans.  

To the rear of the second retail unit is an additional stock room and toilet facilities.

The owner’s private accommodation is self contained with separate side entrance, through to modern fitted kitchen and lounge with gas fire.

On the first floor are 3 double bedrooms, bathroom and separate toilet facilities.

There is a fantastic large garden and garage.

There is ample free parking to the front aspect.

TENURE

We are advised Leasehold with a new lease to be negotiated. The rent for both shops is £3,000 per quarter  

HOURS

The business opens 7 days a week:-  

Monday to Sunday 7.30am - 9.00pm.

STAFF

The business is run and managed by 1 full time and 2 part time members of staff.

FINANCIAL PROFILE

The business reports a healthy annual turnover of £312,000.

Tenure: Leasehold

Listed by: Hilton Smythe
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