Intelligent Business Transfer are excited to bring to the market this fantastic opportunity to purchase a convenience store in Stoke-On-Trent.
Meir News has been trading for approximately 3 years, however the business was established for much longer under different ownership. The business has a great reputation in the local community due to their high levels of service, quality of stock and competitive prices. The business acts as a traditional convenience store and offers essential products to its loyal customer base.
A potential buyer could increase the financial figures of the business if they were to introduce services such as payzone and the national lottery, which has been voiced to the current owners on several occasions. A potential buyer may also choose to extend the opening hours of the business to further increase the sales revenue.
The turnover of the business is approximately £235,000 per annum, which is the result of weekly takings in the region of £4,500 per week. The business also has impressive gross and net profit margins due to the minimal overheads the business has.
It is with a heavy heart that the current owners are willing to sell the business due to relocation. This business would suit a couple or family with the drive and energy to manage this busy store and reap the financial rewards.
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