Convenience Stores for sale in Seaford

View the "Profitable convenience store with plentiful customer parking. 1500 sqft." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I sold my business through Daltons, which all went very smoothly & I thought your advertising site was great. 

Colin Morley (October 2016)
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Leasehold Price: £200,000 Price Reduced Sale Agreed Annual Turnover: £767,854 Annual Net Profit: £112,313
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Business Description
This fantastic business has been owned and operated by the current vendor for 26 years who has decided to sell to facilitate her retirement plans. It has an impressive and consistent trading history along with a large and loyal customer base with great potential to increase trade further.

TRADING INFORMATION: Due to the lack of immediate competition to the store, the vendor focuses on overall profitability rather than turnover. The last 3 years of trading can be summarized as follows;

2016: Turnover: £767,854 Gross profit: £178,634 Gross margin: 23.3% Net profit: £112,313
2015: Turnover: £745,924 Gross profit: £165,451 Gross margin: 22.2% Net profit: £90,100
2014: Turnover: £769,537 Gross profit: £205,630 Gross margin: 26.7% Net profit: £124,434

POTENTIAL: Turnover and profit could be increased in a number of ways. Increasing trading hours. Introduction of services such as PayPoint, ATM and parcel collection. Adding an in-store bakery, fresh coffee and food to go. Expanding current fresh and chilled food offering. Running promotions alongside leaflets. Extending the shop floor space into the rear stock room.

INTERNAL: The store has an open plan sales floor in excess of 1500 sqft. To the rear it has a large stock room, office, staff toilets, kitchen, driveway and a self contained two bedroom flat on the first floor. The shop is equipped for the sale of convenience and household goods, fresh and frozen food, newspapers and magazines, greeting cards, off-license, cigarettes and National Lottery. The store is bright, clean, modern and in an excellent condition throughout.

EXTERNAL: The store is located in an unopposed, densely populated residential area. The main road just outside provides plenty of passing trade as it links on to the A259 coast road and the A27 bypass. There is ample free customer parking outside and continuous footfall.

FIXTURES & FITTINGS: All fixtures and fittings are owned outright and are included in the sale price. The store also benefits from air conditioning, CCTV, electric security shutters, custom free to use EPOS and an audio system.

STAFF: The business is currently being run by the owner alongside 1 full-time manager and 8 part-time employees, all of which have voluntarily opted out of the workplace pension scheme.

ANNUAL RENT: £26,000 (including self contained 2 bedroom owners / managers flat).

LEASE: A new FRI lease, with terms to be agreed, will be created upon the sale of the business by the vendor whom owns the freehold to the building.

BUSINESS RATES: The business rateable value is currently £17,750, actual business rates paid per annum are approximately £5,500.

ENERGY RATING: D

LONDIS: Our contract with Londis has expired, we operate on a rolling basis. The incoming buyer has the option to stay with Londis or immediately move to another symbol group.

Serious buyers only please. Thank you.
Trading Hours:
Monday to Saturday : 6am to 8pm.
Sunday : 6am to 5pm.

Number of Employees: 5-10

Tenure: Leasehold

Number of bedrooms: 2

Accommodation Details:
Newly refurbished, two bedroom, self contained managers/owners flat above the shop.

Support & Training:
Vendors are happy to stay on post sale for a period of time to ensure there is a smooth handover and transfer of Goodwill.

Location Details:
The store is set within a densely populated residential area, in the East Sussex town of Seaford. It is highly visible and superbly situated on a large corner plot next to a busy main road with ample free parking directly outside. It is located approximately 13 miles east of Brighton and 68 miles south of London.

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