Convenience Stores for sale in Dronfield

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 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £140,000 Price Reduced Turnover: £572,000 Gross Profit: £137,800
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this popular newsagent and convenience store business, which is ideally located within the town of Dronfield, Derbyshire.

The business was established by our client in 2006 and is only now being offered to the market due to our client’s desire for semi-retirement. The business currently operates 6½ days per week and generates a turnover in the region of £572,000as per annum, with a gross profit of approximately 21%.

Our client offers a wide variety of goods including newspapers and magazines, greeting cards, confectionery, convenience items, frozen goods, dairy produce, soft drinks, alcohol and tobacco products, to name a few, as well as being a dry cleaning agent. The property boasts approximately 56 sq. metres of floor space, is very well maintained and fitted out to suit the trade. The shop was completely re-fitted throughout in 2013.

The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening longer on Sundays. A new owner could also embark on a modest marketing campaign to highlight the excellent goods and services offered.

This is an excellent opportunity for a new owner, perhaps a husband and wife team, to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
Newbury’s Go Local Extra occupies substantial ground floor premises, ideally located within the town of Dronfield in North East Derbyshire. The business is located within the town centre and is surrounded by a wealth of complimentary shops and businesses, therefore, benefitting from a high volume of footfall and passing trade, as well as on-street parking facilities to the front of the premises.

Dronfield is situated within the valley of the small River Drone and lies between the town of Chesterfield and the city of Sheffield, which makes it a popular commuter town. The Peak District National Park is just three miles to the west. The town has a residential population of approximately 21,330.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Dronfield railway station is just a two-minute walk away. The area is also well served by the A-roads, with the A61 being within easy driving distance, which links to the national A-road and motorway networks. Chesterfield is approximately 6 miles away and Sheffield is 7½ miles away.

PREMISES
Substantial ground floor premises in an ideal trading location, briefly comprising:

L-shaped shop, which was completely re-fitted in 2013 with:

Newspaper and magazine racking.

L-shaped central display aisle.

Perimeter shelving.

3 x tier ice-cream freezer.

4 x section open chiller unit.

2 x two door upright display freezers.

Glass top display chest freezer.

2 x large upright drink chiller units with 7 doors.

Confectionery displays.

Serve over counter with 2 x EPOS cash registers.

Tobacco gantry to rear of counter.

CCTV with 16 x cameras.

Stock room with shelving and chest freezer.

Staff WC with wash hand basin.

Office with desk and CCTV monitor.

External:

Well signed.

Owners car parking space and bin area to side.

Security shutters.

Audible alarm system.

TENURE
We are advised Leasehold:

Original lease length: 15 years

Remaining lease length: 12 years

Rent: £14,200 per annum

HOURS
The business is open:

Monday – Saturday: 5.00am – 8.00pm

Sunday: 5.00am – 1.00pm

STAFF
The business is owner run and managed with 3 x part time staff members and 2 x newspaper delivery persons.

FINANCIAL PROFILE
The business generates a turnover in the region of £572,000 per annum, with a gross profit of approximately 21%.



Tenure: Leasehold

Listed by: Hilton Smythe
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