Convenience Stores for sale in Nottingham

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Well Established Convenience Store

Nottingham, Nottinghamshire, England

  • Leasehold Price: £65,000
  • Turnover: £425,000
Seller Reference: B05306
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Business Description
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Seller Reference: B05306
Request Details
Business Description
Hilton Smythe welcomes to the market Your Local convenience store & off licence.

The business has been operated by the current vendor for over 10 years in which time the business has built up an enviable local reputation for quality and service resulting a large loyal customer base making regular daily visits to the site and which due to family commitments this very rare and exciting opportunity has now become available.

The business stocks a range of convenience store essentials including bread and milk, frozen foods, packet and tinned food, ice creams, crisps & confectionary, mobile & electric top ups as well as a large range of beers wines and spirits plus a Payzone and National Lottery service which has proved extremely popular with the local residents and helped to maintain a strong and active footfall.

This profitable business opportunity would suit either an established operator looking for an additional site or an individual or family looking to acquire a long-established business in a sought-after location with further growth potential. The new operator could tweak the current food and drink offering, extend the opening hours, raise the on-line presence and offer an on-line ordering platform as well as introducing a local delivery service to the surrounding residential developments. The business has a varied range of profitable income streams and represents an excellent opportunity with very sensible in-going and running costs.

Situated within a row of additional businesses along the sought-after Broomhill Road in Hucknall. The site is just off the A611 with easy access to all the road network links to Nottingham and the surrounding areas, the business is on a main bus route with the bus stop located to the front of the premises.

Excellent on street parking available to the front of the site and along Broomhill Road.

Busy local footfall and passing trade from the surrounding residential area.

Ground Floor: self-contained trading unit within a local retail development, Sales counter, display shelving units, wall units, shelving, wall units, ice cream freezer display freezers and drinks fridge, slush puppy machine, coffee machine, secure shutters to the front, CCTV system, air conditioning unit, lottery, Payzone and credit/debit card machine. EPOS Till system.

Stock room to the side of the counter with WC and hand wash basin located at the rear of the shop.

We are advised the business is being sold as a Leasehold opportunity with new lease terms to be agreed with the initial rent anticipated to be in the region of £4,500 per annum.

7.30am to 9pm Monday to Saturday and 10am to 9pm on Sunday

The business is run and managed by the current vendor with family assist

Financial Profile
We are advised the business is currently turning over in the region of £425,000 per annum with a GP in the region of 25%.
The business is exempt from business rates
The annual commission from the lottery and Payzone is in the region of £6,000

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