Convenience Stores for sale in Luton

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Ian McGregor (Nov 2013)
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Leasehold Price: £120,000 Price Reduced Annual Turnover: £832,000
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Business Description
• Convenience & general store
• Weekly taking approx. £16,000 plus Lotto
• Next to shopping mall
• All fixtures and fittings included

Profitable Premier store located in a busy pedestrian area / shopping mall and within a densely populated residential area of Bedfordshire. Advised weekly takings in the region of £16,000 plus Lotto and PayPoint sales. New lease on change of ownership.
Leasehold Ref: 42822

***REDUCED TO £120,000***

This is an exciting opportunity to purchase a well established and well known Premier Store, which occupies a prominent trading position, within a densely populated residential and commercial area of Luton situated on the entrance to one if the main shopping malls within the town centre. The area is subsequently a hive of activity throughout the day with continual footfall and activity ensuring the business attracts high levels of regular local and passing trade at all times although in our opinion trades with limited opening hours.

The business has been trading from the same location for many years, has forged strong relationships with the community and enjoys an enviable reputation and an extensive and loyal customer base built up by our client since the property was purchased in 2006.

The business operates from highly visible and imposing premises with a trading area approaching 3000sq ft (STS) plus basement facilities.

The store retails a good range of beers, wines, sprits, soft drinks, confectionery, newspaper and magazine titles, dairy products, frozen and convenience foods, kitchen goods, tools, general household hard wear and additional services such as PayZone and mobile phone repairs operated by a third party who currently pay £10,000 per annum in rent.

Sanderson News benefits from good fixtures and fittings along with energy efficient fridges and freezers
This store is a thriving and highly lucrative business yet still offers terrific scope for future growth and improvement with the introduction of fresh fruit, vegetables and bread and would therefore ideally suit an energetic family unit who can develop the business to its true potential which will undoubtedly increase the weekly sales whilst ultimately enhancing overall profitability.
To fully appreciate this business opportunity, viewing is highly recommended.
Tenure: Leasehold

Listed by: Kings Business Transfer
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KBT42822
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