Greengrocers for sale in Southend-On-Sea

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 We found a buyer within the first week of advertising with you. 

Mrs Herbert (Nov 2017)
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Leasehold Price: £325,000 Turnover: £701,922 Gross Profit: £107,145
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Business Description
Business
Hilton Smythe welcomes to the market Nisa Local, which has been owned and run by our client for the last 30 years. Our client is now looking forward to a well-earned retirement.

Nisa Local is a well-stocked local convenience store and off licence which offers branded and own name groceries and household products. The store also sells the lottery, has PayPoint and PayZone and is an Amazon Pass My Parcel centre.

Due to the many services the store offers there are many repeat local customers along with a lot of footfall from passing trade.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Nisa Local is located in Southend on Sea, Essex, within a highly populated residential area on a busy main road with parking directly in front of the double fronted shop.

Southend on Sea commonly referred to as simply Southend, is a town and wider unitary authority area with borough status in south-eastern Essex, England. It lies on the north side of the Thames Estuary, 40 miles (64 km) east of central London.

Southend has an international airport, two train stations, many bus links and is connected to London by road via the A127.

Premises
Entrance door to the main shop area with;

• 4 food aisles with multi-tiered shelving & further food shelves
• Cold drinks fridges
• Newspaper and magazine stands
• Cash machine
• Three display chest freezers
• Further shelving for household goods
• Large alcohol drinks chiller
• Ice cream freezer
• Behind the counter
• Wine and spirits
• Tobacco
• Lottery
• Till

From the main shop is the stock area, which has an initial small stock room with toilet off and a large store room to the rear with multiple racking and storage.

Within this area is a tiled area which has been designated for a cooker for in store baking, however, this is something that our client has decided not to proceed with.

The shop has full CCTV and is fully air conditioned.

Tenure
We are advised the business is being sold as a leasehold business opportunity with a new 35 year lease about to be signed and an annual rent of £14,400.

Hours
The business opening hours:

Monday - Friday: 6.30am – 9pm
Saturday: 7am – 9pm
Sunday: 7am – 7pm

Staff
The business is run and managed by our client, with the help of 5 x part time members of staff.

Financial Profile
Nisa Local Southend on Sea generated an advised turnover of circa £701,922 as of the 2017 accounts, with a gross profit of £107,145, a net profit of £27,480 and an adjusted net profit (EBITDA) of £62,360.

PayPoint, PayZone, Lottery Sales and Pass my Parcel all bring in footfall and add to the turnover.

The fixed assets that are being sold with the business are worth circa £12,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04336
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