• An outstanding opportunity to acquire a most successful retail business i
Price:
Freehold - £345,000
Location:
Cornwall, Truro
Business Type:
Retail businesses
Comprehensively equipped convenience store, post office & distribution area
Turnover in excess of £500,000 with good levels of profitability
THE PROPERTY
The main retail sales area, to include the Post Office counter, totals approximately 845ft², comprehensively equipped to retail a range of day-to-day groceries, including alcohol, tobacco, medicines, hot food, newspapers and magazines, stationery and greetings cards. The shop is also an outlet for the National Lottery, scratchcards and Paypoint. The property also has the benefit of some 375ft² of storage, office and sorting area for the distribution side of the business. Externally, to the side, is driveway parking. Both the retail and store areas have the benefit of a security camera system.
THE BUSINESS
Our clients trade this successful retail business 7 days a week with the assistance of 6 part-time members of staff. The convenience store trades 7.00 a.m. – 7.00 p.m. Monday to Saturday and 8.00 a.m. – 1.00 p.m. on Sundays. The newspaper delivery side of the business covers approximately a 2-mile radius of Truro with a mix of private and business customers. This aspect of the business utilises a further 4 self employed drivers. The trading Profit & Loss Accounts for year ending 31/05/10 showed sales in excess of £500,000 in addition to a Post Office salary in excess of £22,000, producing a gross profit of 34% and an adjusted net profit in excess of £75,000 before depreciation, finance costs, legal and accountancy charges. In the normal manner, further accounting information will be made available to prospective purchasers subsequent to a viewing appointment.
North Yorkshire
£ 750,000
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