Hilton Smythe is delighted to welcome to the market this convenience store business in Hucknall, Nottinghamshire. The business was established in the 1970's and has been in our client's careful hands since 1988. The business is only now being offered to the market due to our clients` personal circumstances. The business is open 7 days a week and generates a turnover in the region of £47,000 per annum with a gross profit of approximately 23%.
RT's Family Superstore is a convenience store within a densely populated residential area, the business is popular in the area with local residents and has a loyal customer base. The shop stocks a wide range of products from general foods and drinks to stationery. A brand new slush machine and ice cream machine are also in place.
We are advised the shop was previously turning over £3500 per week but due to personal circumstances our client is now unable to spend as much time on the business as its needs. We are advised that the business was previously an off licence and had a turnover in the region of £100,000 per annum, we feel the business would benefit greatly from re-obtaining an alcohol license and opening up as an off licence.
The business has huge scope for growth and would benefit greatly from an owner who can invest into the shop and re-build the business to bring it back to its former glory. The shop could also benefit greatly from applying to become a convenience store franchise such as Premier Stores or Costcutter.
The owner's accommodation was originally two houses with two entrances and could be converted back into two 2 bedroom flats, subject to the correct planning permission, which could be let out.
This is an excellent opportunity for a new owner to bring this business back to its formal glory, early viewing must come highly recommended to avoid disappointment.
We are advised that our client also owns the property next to the business and is on the market for £115,000.
RT's Family Superstore is located in Hucknall, Nottinghamshire.
The business lies on the busy Portland road, which leads on to the main high street into Hucknall town centre. The town centre is a short 10 minute walk away from the business, and around the same distance to the nearest train station. The business benefits from having a pedestrian crossing directly outside the shop and a large park and school in short walking distance from the shop.
Hucknall is a town in Nottinghamshire in the district of Ashfield. The town has an approximate population of 30,000. Hucknall is 7 miles north-west of Nottingham on the west bank of the Leen Valley, on land which rises from the Trent Valley in the south to the hills of the county north of Kirkby-in-Ashfield. The Whyburn or 'Town Brook' flows through the town centre, and Farleys Brook marks its southern boundary.
Double fronted terraced corner premises, briefly summarising:-
The building was formally 2 houses with 2 sets of stairs and doors, it is currently opened up as one large family home but could easily be closed off again to 2 bedroom flats. The building has doubled glazed windows throughout.
The ground floor consists of the main sales area and is equipped with 1x 2 door drinks chiller, 1x 1 door drinks chiller, 2x glass top chest freezer, perimeter shelving and racking to suit the trade, shop counter with 1x till, new ice cream machine, new slush machine, scales, cigarette gantry.
The area also has an open storage area to the rear of the shop which is fully shelved and has access to an additional store room. A second rear door leads to kitchen area and stair access to accommodation with rear door access to yard area.
The first floor is made up of 1 single bedroom with access to shower room, 2 sitting rooms both with gas fire places, dining room, kitchen, family bathroom, 1 set of stairs leading down to separate external entrance for number 127, and a further 2 sets of stairs up to the 2nd floor.
The second floor is made up of 2 single bedrooms and 2 double bedrooms.
A gated yard area with vehicle access and parking area for 1 vehicle is situated to the rear to the premises, to the front of the premises is ample street parking.
The premises is alarmed and has security shutters on the windows and door.
We are advised freehold.
The business is open:
Monday - Sunday: 8m till 6pm
The business is owner run and managed.
We are advised the business generates a turnover in the region of £47,000 per annum and a gross profit of approximately 23%. The business formally turning over £3500 per week but due to personal circumstances our client is now unable to spend as much time on the business as its needs.
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