Convenience Stores for sale in Portsmouth

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Convenience Store - Hampshire

Portsmouth, Hampshire, England

  • Freehold Price: £635,000  Price Reduced arrow_drop_down
  • Annual Turnover: £884,000
Seller Reference: KBT45525
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Business Description
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Seller Reference: KBT45525
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Business Description
• Established & Profitable Convenience Store/Fast Food, plus 2 flats
• Combined turnover Y/E 31/03/17: £715,086
• Densely populated residential area/main road
• Viewing Strongly Recommended

Ref: 45525. Superb ‘branded’ supermarket along with a fast food franchise situated in the South West close to the coast. Weekly retail income in the region of £12,000 - £13,000 plus franchise income. Opened in 2015 after complete re-fit. Excellent condition and retail space. Good location with corner plot property. Fantastic opportunity for experienced operator. Leasehold

This freehold includes a high spec retail unit, fast food unit and two separate apartments, which offer excellent owner or staff accommodation or can be let on assured short hold tenancy for a combined extra income of around £14,400 per year.

This convenience store and fast food is a highly profitable business and offers the opportunity to continue the excellent growth that the owners have built up since opening the store in 2015.

Assuming an owner operated store, there is potential to generate EBITDA in excess of £108,000. The store was comprehensively refurbished and fitted out just two years ago at a cost of in excess of £160,000. All fixtures and fittings will be included in the sale.

Occupying a highly prominent corner site in the heart of Hampshire. Therefore the business benefits from a high volume of passing trade as well as having a strong local customer base from the heavily populated residential area and local school and colleges.

The spacious retail area is superbly fitted out with an extensive range of modern display units, refrigeration units, LED lighting, tiled floors and electronic systems including alarm and EPOS.

The fast food unit includes a full professional fit out in accordance with the specific franchise requirements along with customer seating area. Also available are walk in refrigeration units, generous storage space as well as a staff kitchen and toilets.

The two independent spacious apartments are accessed via a private entrance. Flat 1 is a one bedroom apartment with
living room, bathroom and Kitchen. Flat 2 offers two good sized bedrooms, spacious sitting room, bathroom and kitchen.
Both apartments are well maintained and are currently let on assured shorthold tenancy agreements for £500 and £695 per month.

Summary. A fantastic opportunity to purchase a successful, thriving retail and fast food business and 2 separate spacious flats, situated in a densely populated residential area, presented in excellent condition throughout.

A viewing is highly recommended to fully appreciate the quality of the premises, location and overall business opportunity.
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