Convenience Stores for sale in Derby

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £104,950 Price Reduced Turnover: £335,000
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Business Description
BUSINESS

Hilton Smythe is delighted to introduce to the market Ghumans Off Licence.  This busy convenience store and off licence is very well supported by the local community seeing a vast amount of repeat trade and benefiting from very little competition in the area.

The business reports a healthy turnover of £335,000 per annum with a good gross profit.  The business was originally founded in the 1960’s with our client successfully running the business since 2004, only now does the business come to the market as our client looks towards a well-deserved retirement.

The store is well presented and has a vast selection of products including but not limited to:- dairy products, newspapers and magazines, greeting cards, confectionary, alcohol, crisps, soft drinks, ices, cleaning products and everyday essentials.  There is also an ATM in store.

Although highly profitable, we believe there is still scope to generate additional income, perhaps by introducing a newspaper delivery round in the locality or applying for a Lottery license.

In addition, the business offers superb living accommodation with 5 bedrooms and South facing roof terrace, ideal for a family.

This is a well-established, turn key business venture and early viewing comes highly recommended.

LOCATION

Ghumans Off License is located in the large residential village of Alvaston in Derbyshire

The business occupies a prominent position within a popular retail parade in the centre of a busy residential estate and within walking distance of the local school ensuring constant footfall.

Alvaston is located on the A6, only around 3 miles from Derby city centre, making it a popular village to live and commute to the city.  The population is circa 25,000.   The area is well served by public transport with the business sitting on a busy bus route.

PREMISES

Mid parade premise briefly comprising:-

Retail area with counter with till and cigarette gantry behind, coffee machine, glass topped ice cream freezer, 3 glass fronted drinks chillers, greeting card racking, newspaper and magazine racking, ATM, open drinks/dairy chiller, perimeter shelving, 2 central gondolas, tiled floor and air conditioning.

Stock room with perimeter shelving and floor storage space

Living Accommodation

Modern fully fitted kitchen with a range of wall and base units, range style cooker, space for dishwasher and washing machine and window to rear.

First floor:

Family shower room, fully fitted with electric shower

Good sized light and airy lounge with patio doors leading to the sunny South facing roof terrace.

3 double bedrooms.

Second floor

Double bedroom with Velux type window and additional space for home office/storage.

Further double bedroom with good sized ensuite bathroom with bath and electric shower and walk-in wardrobe/dressing room and useful under eaves storage.

The front of the store is well maintained and presented with vibrant signage and car parking facility.

To the rear of the store is a good sized yard with double gates which is large enough to park a vehicle, there is a good sized garage and a detached shed currently used for drinks storage.

TENURE

Our client owns the freehold and will negotiate a new lease with the purchaser.

HOURS

The business opens:-

Monday to Saturday 6.00am – 11.00pm

Sunday 7.00am – 11.00pm

The business also trades on Bank Holidays.

STAFF

The business is owner run and managed with the assistance of 2 full time members of staff.

FINANCIAL PROFILE

The business reports a healthy turnover of £335,000 per annum with a good gross profit.

Tenure: Leasehold

Listed by: Hilton Smythe
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