Convenience Stores for sale in Essex

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John Peacock (Feb 2017)
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Leasehold Price: £550,000 Weekly Turnover: £35,000
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Business Description
The shop is situated next to a Gala Bingo which we understand has 700 people as customers on a daily basis 7 days per week which provides a major footfall past the doors of this business. The shop is also located close to the towns main bus & coach station which has coaches to all of the London Airports, Stansted, Gatwick, Luton & Heathrow. There are also buses that go to all the local areas. We understand this is the main bus station for all school & college students to the local area. We understand from the present owner that there are approximately 31,500 people that live in the local area with the post code CO2.

The shop is located next to a very busy bus station in a prominent building on the junction of Osborne Steet, St. John's Street, Stanwell Street & Vineyard Gate. The shop is located only approximately 1 minute walk from major car parks in Colchester town centre with each car park holding up to 700 cars which is providing parking space for up to 2,100 cars in total within easy walking distance of the shop. We understand there is a further 100 car parking spaces close by. The shop is also 900 yards away from Colchester Town Railway Station. There are many houses & flats located within easy walking distance. We understand the total number of students that attend schools & colleges in the area is in the region of 16,500.

The SUPERBLY FITTED CONVENIENCE STORE is a total of 2,708 sq.ft. with quality tiled floor, attactive well fitted wall shelving. Well equipped including main counter, 3 Toshiba tills & 3 back up packs, 3 Toshiba receipt printers, 3 barrel slush machine, 1 Rustlers burger machine, 1 Costa machine, 1 large section for Pick & mix, 1 double sided magazine display stand, 1 Bartuf newspaper stand, 2 confectionery wall stands, 1 large card bay greeting card display section, 2 soft drinks fridges, 1 sandwich fridge, 1 milk fridge, 1 wine fridge, 1 dairy fridge, 1 wine & beer fridge, 1 fruit & vegetable fridge, 1 Arneg chilled unit, 1 upright deep freezer unit (with 6 doors), 2 chest deep freezers, sandwich bar section with 1 bain marie hot unit, 2 chilled dairy units with built in storage fridges, 2 Walls ice cream deep freezers,

Staff fully fitted shower room with shower, w.c. & wash hand basin

Spiral staircase to well appointed first floor office area

Situated in the TOWN CENTRE.

Turnover : WE UNDERSTAND the business commenced trading in March, 2018 & we are advised that the turnover is in currently in the region of £35,000 p.w. in our opinion offering tremendous potential for further development in the right hands. Wholesale newsbill £500 p.w. We are further advised that the business enjoys a high gross profit margin.

OFFERS INVITED TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £550,000 plus STOCK AT VALUATION (£60,000/£70,000 approx)
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.

Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote.

Lease : £550,000 (G8195)

Trading Hours:
Monday - Saturday inclusive - 5.30 a.m. - 8 p.m.
Sunday opening - 6 a.m. - 7 p.m.
In our opinion there is terrific potential to open the business until 11 p.m. each day offering tremendous potential for further increase in the right hands.

Number of Employees:
At present operated by the vendor's partner with the assistance of 2 full time & 4 part time staff plus casual staff when required.
The following should be noted, in our opinion provides the business with terrific potential for further increase in the right hands.

Tenure: Leasehold

Location Details: Situated in the TOWN CENTRE.

Listed by: Nationwide Businesses Ltd

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