Convenience Stores for sale in Feltham

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Y. MacGregor (Nov 2017)
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Leasehold Price: £44,995 Price Reduced Turnover: £81,212 Gross Profit: £24,029
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Business Description
Business
Hilton Smythe welcomes to the market a recently refurbished convenience store to the market which comes with a spacious 3 / 4 bedroom flat to the first and second floors.

The business is now been sold due to our client relocating.

The growing business offers an excellent selection of confectionery, groceries, cold drinks, wines, beers and spirits, hot coffee to takeaway, cigarettes, vape liquids, large choice of £1 line which will be increasing from 60 boxes to around 100, household goods.

A newly installed ATM machine at the front of the store is proving to be very popular as it allows customers to withdraw cash without fee, current commission is achieving around £200 which will increase. ATM customers are also spending in the shop resulting in average sales rising.

Western union money transfer continues to drive footfall with average commission achieving £600’per month now, RIA money transfer is now also available at the shop and a new branded external window graffiti will be installed shortly. This eye-catching colour and design will transform the front of the shop and increase people's awareness of the service.

Current commission is averaging around £300 per month which should dramatically increase when the design work is complete.

Our client also informs us due to the closure of a recent competitor, he is adding newspaper sales which will include a delivery service to the local area. Projected newssheet value should add a further £450 to weekly sales as well increasing the shops footfall levels.

Due to customer demand, the business is set to add Ginsters range of snacks and sandwiches for the healthy passing trade of builders and local tradesman.

Our client is about to embark on further improvements by extending the retail space into some of the rear stockroom space.

There is also potential to add both Lottery and Oyster card sales not currently offered.

Our client is currently living upstairs however previous rental income from the self-contained accommodation exceeded £15,000 per year which reduced the business rent to just £5,000 per year.

The business is operating on limited hours and any new buyer could extend the hours as well as increasing staffing levels to further increase sales levels.

We recommend very early viewing as the business is priced for quick sale.

Location
Nishi Superstore occupies a highly visible trading position on Rochester Parade, Feltham in the borough of Hounslow.

The poplar retail unit sits alongside a selection of complementary businesses including a KFC and busy builder’s merchants which attracts an excellent consistent footfall of builders and locals daily.

The area is particularly known for its large Eastern European community and demand for affordable housing to both rent and buy is high. Feltham is located in south west London and only 2 miles from Heathrow airport.

The nearest mainline station is Feltham which links commuters into the centre of London to Waterloo. The area sits conveniently in between both the M4 motorway to the north and the busy M3 motorway to the south.

The business is lucky to have free customer parking directly outside and located behind.

Premises
Ground Floor

Raised service counter to the left with lots of under counter storage and a large secure under stairs storage cupboard.

A new floor in contemporary grey has been recently installed, there are retail display untied to the left, middle and right-hand walls.

Equipment

Large double glass fronted drinks chiller, new 2 m wide open filler, large open beer chiller, tall glass fronted wine fridge, ice cream freezer, fixed air con unit, new cctv system throughout.

Rear stockroom with staff toilet.

Private door into residential part which benefits from a large lobby and separate front door accessed from the side alleyway, stairs up to -

1st Floor - fully fitted kitchen, large living room/bedroom, double bedroom, hallway storage cupboard, family bathroom with shower cubicle.

2nd floor - store cupboard, 2 further double bedrooms.

Tenure
we are advised the business is been sold as a Leasehold opportunity with a renewable 30-year Lease in place with 16 years remaining Paying just £20,000 per year for the 3-storey building.

Hours
Currently run to suit the trading hours are just 9am till 9pm Monday to Sunday.

These hours could be extending both earlier and later to increase the busy passing trade.

Staff
The business is run and managed by our client with the help of 2 part time staff Members of staff.

Financial Profile
The business currently boasts an excellent turnover and the accounts are available to view for any serious buyer.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04758
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