Convenience Stores for sale in Wishaw

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Leasehold Price: £109,950 Turnover: £676,000 Gross Profit: £127,020
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Business Description
Business
Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing, “turn key” mini supermarket store business with an excellent reputation.

The business has been placed on the open market as it is our clients desire to leave the industry to concentrate on other business interests.

Day Today has been operating under the careful and meticulous ownership of our client for the last 4 years years and who has grown the business year on year to an impressive level with turnover and net profit now at a consistently good level.

The business stocks a wide selection of convenience items from:

• Fresh produce
• Frozen foods
• Cigarettes
• Off licence sales
• Lottery sales
• Confectionery
• House hold items
• Greetings cards
• Novelty items
• News sheets
• Pay point services
• Free of charge ATM machine.

There is scope to increase turnover with additional opening hours along with the possible provision of a hot food service/takeaway/bakery. Expanding some of the retail lines currently stocked along with the possible introduction of a Post Office Counter & paper delivery service.

The premises are in fantastic general condition and well maintained throughout.

We feel that this is an excellent opportunity for a new owner to take this popular business to the next level.

The business trades on its reputation for service and quality and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

A tremendous opportunity to own this turn key business, and early enquiries must come highly recommended to avoid disappointment.

Location
Day Today Convenience Store is located in the popular commuter village of Overtown (ML2).

The business occupies a prime trading location within the village on the Main Street, resulting in constantly high levels of footfall and passing trade and further benefits from having little competition in the area

Overtown is a village situated in North Lanarkshire Scotland. It has a population of circa 2,500.

The village is located to the west of the River Clyde about 1-mile (1.6 km) south of Wishaw. The town of Wishaw is very well serviced in terms of amenities, leisure, educational facilities and the railway station and is a few minutes' drive away, as is the picturesque Clyde Valley.

For those commuting by car there is fast and convenient access to Glasgow, Edinburgh and the Central Belt via the motorway network

Premises
The business occupies a substantial, modern purpose-built retail premises and benefits from excellent signage to the exterior.

Main store

• Fitted to an exceptional modern standard
• Bright and clean
• Large, modern, service counter
• Electronic till point
• Cigarette and alcohol gantry
• Possible provision for a Post Office counter
• Benefits from large centre display units running almost the full length of the shop
• Freezer units to compliment the perimeter shelving and racking display units
• Good selection of fitted refrigeration units.

To the rear of the premises

• Office
• Large storage area with shelving
• Toilet facilities
• Kitchen area

The store also benefits from CCTV, Alarm System and roller shutters to the front of the premises along with a designated loading bay and car park area for customer parking with ease of access.

Tenure
We are advised that tenure is Leasehold
25-year lease with 21 years remaining
Rent £24,000 PA
Rates N/A

Hours
Monday to Friday 6.00 am – 10.00 pm
Saturday – Sunday 7.00 am - 10.00 pm

Staff
The business is currently run and managed by the current owner along with 3 part time staff members.

Financial Profile
Gross profit stated from 2017 accounts at £127,000 with a Net Profit stated at £49,000.

Accounts will be made available to interested buyers

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04907
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