Convenience Stores for sale in Welling

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Mr & Mrs Neville (Sept 2013)
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Freehold Price: £720,000 Annual Turnover: £260,000 Annual Net Profit: £40,000
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Business Description

Intelligent Business Transfer are delighted to this amazing opportunity to acquire this well established convenience store in Welling.

Welling is becoming more and more densely populated so the demand remains for local convenience stores. As a result of the ever increasing population house prices are increasing quickly. This convenience store comes with a large plot of land next to the property which could be developed into a residential property subject to planning. This offers great income potential for the new owners.

The business has been operating since 1983 and their customers are very loyal to the store that plays a key part in this tight knit community. Opposite the shop directly is a children’s play area, which is popular over the weekend because that alone generates 35% of the business.

The shop also offers services such as dry cleaning, laundry service and duvet service which has been very popular with their customers and generates up to 20% of the income.

The store is for sale due to the current owners wanting to devote their time to other projects. The reputation of this shop is key, as relationship with the owners and customers has been vital for the growth of the business over time.
Tenure: Freehold

Listed by: Intelligent Business Transfer
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