Convenience Stores for sale in Exeter

View the "SUPERBLY LOCATED LICENSED CONVENIENCE STORE – Exeter City Centre" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 The sale came via an enquiry from your website. We're very pleased that it worked so well for us 

Polly Franey (July 2015)
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Leasehold Price: £125,000 Annual Turnover: £750,000
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Business Description
• ATTRACTIVELY PRESENTED AND FULLY EQUIPPED
• TRADING UNDER A LONG ESTABLISHED SYMBOL GROUP
• JUST OVER 1,000 SQ. FT OF SHOP FLOOR SPACE
• TAKING £17,500 PW PLUS LOTTERY AND PAYPOINT
• STRONG SALES GROWTH TREND IN EVIDENCE
• MODEST RENT UNDER CITY COUNCIL LEASE

BUSINESS:
This leasehold licensed convenience store is superbly located in Exeter city centre, Devon. It trades under a symbol group and is very smart in appearance, needing no immediate expenditure or renovation. The business was established in December 2014 from vacant premises so remains in very good condition throughout.

The business is a fully-staffed operation trading from just over 1,000 sq.ft. of shop floor sales space, along with separate ancillary facilities comprising a stock-room, office, kitchen and two toilets, making up a further 250 sq.ft.

Benefiting from a heavy footfall with an average basket spend of £5, the business currently takes around £24,000 total sales per week @ 22%GP, made up of an average of £17,500 in 'real' shop sales, £1,500 lottery and £5,000 PayPoint.

The shop is comprehensively equipped to include particularly a significant investment in two 12 foot remote chillers, with low-noise external condensers, purchased new in August 2015 at a cost of over £13,000, with full double-glazed glass sliding doors and LED lighting. Recent additions to the shop fixtures include a brand new Espresso Essential fresh bean-to-cup coffee machine (costing £4,500), a brand new upright larder back-up fridge (£250) and a brand new back-up chest freezer (£260).

There is a range of gondola and upright shelving displays selling a wide range of grocery items, food and non-food, fresh sandwiches, snacks, fruit & vegetables, drinks, confectionery, crisps, alcohol, cigarettes/tobacco, frozen foods and hot dogs.

There is a free-to-use ATM, two PayPoint terminals, two Chip & PIN devices, EPOS scanning system, a Lotto terminal with scratch cards, slush machine, Walls-style 3-tier ice cream display freezer, a 12 foot dairy chiller, a 12 foot alcohol chiller, two upright display freezers (one single door and one two-door) and a 4 foot small soft drinks chiller. All equipment throughout is owned outright with the exception of the Chip & PIN devices, ATM and PayPoint terminals (owned by PayPoint), tobacco gantry (brand new and owned by JTI Gallaher) and Lotto equipment (owned by Camelot). External symbol group large fascia (over 50 foot long) with trough lighting. 8-camera CCTV system installed.

This presents a fantastic opportunity to dedicated retail operators, maybe a husband and wife or family team, to keep costs tight and benefit from future trade gains as the business matures.

YEARS ESTABLISHED:
The shop commenced trading in December 2014.

TRADE:
Please note that if a business is VAT registered, all figures exclude VAT.
Weekly sales figures are available since the business opened in December 2014. These show an excellent growth trend (25% year on year growth) reaching core shop sales of £17,500 per week plus lottery and Paypoint (totalling £6,500 per week together).

REASON FOR SALE:
To pursue other business interests.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The lock up shop occupies premises previously comprising two separate retail/office units which have been sympathetically converted to offer a single retail unit arranged over two levels with a single entrance at the lower end. The overall retail area comprises c 1,030 sq. ft. of floor space.

The lower area represents a wholly retail space with access to an enclosed yard at the rear. The upper area has been sub-divided to accommodate further retail space with a security door leading to the ancillary facilities which comprise a stock room with shelving and freezer facilities, an office, a separate kitchen and both ladies and gents’ WC facilities.

Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

PRIVATE ACCOMMODATION:
(all sizes are approximate & should be considered 'nominal'.)
None

LEASE TERMS:
The lease is 8 years, from Exeter City Council, commenced 24 October 2014. Rent is £15,500 per annum. The early break clauses have been removed from the lease which give security until 24/10/20 when the break clauses once more take effect.
Tenure: Leasehold

Listed by: Adams & Co
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confidential sale
Dc2224
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