Convenience Stores for sale in Driffield

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Mr & Mrs Neville (Sept 2013)
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Freehold Price: £370,000 Price Reduced Turnover: £354,731 Gross Profit: £76,508
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Business Description
Hilton Smythe would like to welcome to the market this convenience store.  This old established business has been in our clients` ownership for the last 14 years. Only now is the business on the market due to our clients` other business interests. The business is open 7 days a week, and according to the 2016 accounts, generates a turnover in the region of £354,731, with a gross profit of approximately 22%. The business sells a wide range of convenience lines, newspapers, groceries, alcohol and cigarettes. The business also provides newspapers to the local Thorpe Hall Caravan Park, generating extra revenue.

The business has an excellent reputation within the area and benefits from a loyal customer base and much repeat trade. We feel there is scope to expand on the range of products available and perhaps extend the opening hours; this would be an ideal husband and wife venture, which would reduce the wages bill. The property is well-presented throughout and is superbly fitted to suit trade. The property boasts a spacious 4 bedroom owners` accommodation on the upper floor. The business provides 4 regular newspaper delivery rounds in the area.  

We would highly recommend viewing this profitable concern to fully appreciate the property and business.

The stores are located in the village of Kilham near Driffield, East Riding of Yorkshire. The property benefits from ample on-street parking and is within a densely populated residential area, therefore benefitting for a high footfall and passing trade. Local amenities within the village include a primary school, butcher, garage, public house and parish church. More amenities are available in the market town of Driffield, which is 6 miles away, while Bridlington is approximately 10 miles away.

The village is well served by the local bus service with a bus stop directly outside the business, with the nearest train station being in Driffield, the area is also well served by the A-road network with the A614 being just two miles away.

Mid terrace, white washed property consisting of three cottages knocked through into one, with gas central heating throughout briefly comprising:

Ground floor with sales and display area fitted to suit trade, non-slip flooring, ceiling strip lighting, refrigerated serve over counter with work/preparation surface containing meat slicer, electronic cash register, electric scales and Paypoint, upright double door display chiller, single door upright display chiller, 2 x glass top display freezers, central gondola, card display rack, fruit and vegetable display unit, newspaper/magazine display unit, adjustable wall shelving to perimeter walls and cigarette gantry. Integral garage/stock room fully shelved with double door upright display chiller and twelve tier wine rack.

Owners` private accommodation briefly comprising: Lounge, dining room with glass door leading to garden, modern fitted kitchen, utility room and WC with wash hand basin.

First floor: 4 x double bedrooms with fitted wardrobes, master bedroom with open fireplace and beamed ceiling, office, large modern bathroom with roll top bath, tiled walls, separate shower cubicle, WC and wash hand basin.

External: On street parking to front, large rear garden partly laid to lawn, large patio area, 2 x brick built out buildings with lighting and power supplies.

We are advised Freehold.

The business is open:

Monday - Friday: 7.00am - 7.00pm

Saturday:              7.30am - 5.00pm

Sunday:                 9.00am - 12.30pm

Our clients currently employ two part-time staff members plus 5 x newspaper delivery boys/girls.

According to the 2016 accounts, the business generates a turnover in the region of £354,731 with a gross profit circa of 22%.


Tenure: Freehold

Listed by: Hilton Smythe
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