Greengrocers for sale in Kingston upon Thames

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John Peacock (Feb 2017)
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Leasehold Price: £80,000 Turnover: £430,000 Gross Profit: £52,000
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Business Description
Business
This is a traditional family run newsagents which has been owned and run by our client since 2017, who is now selling, albeit reluctantly, due to change in family circumstances and are now relocating, however we have been advised the newsagents has been Blue Moon Convenience Store for over 20 years.

It is a well presented shop in an ideal location selling a variety of convenience goods such as,

• Everyday toiletries,
• Newspapers,
• Magazines,
• Sweets,
• Cigarettes,
• Vaping refills,
• Ready made sandwiches,
• Also benefits from an alcohol licence.

Additionally, the business has a PayPoint terminal which takes approximately £500 per week a Lotto terminal which takes approximately £350 per week and Oyster Card service which generates approximately £5,000 per week.

The business is also an agent for Amazons fast growing ‘Pass my Parcel’ service and has just been accepted to be an agent for Western Union parcel service.

Scope to Improve

• Advertising and marketing campaign, perhaps a leaflet drop locally
• Maximise the use of social media
• Website to advertise all the products and services offered
• Extend the opening hours, as the store has a licence to open until 11pm
• Paper-round, as the current owner says he has had a lot interest in this service
• Add Hermes to the parcel service they provide
• Add a coffee machine for local commuters when they are buying their paper

Reasons to buy

• Ideal owner managed or partnership,
• Offers a real opportunity to increase turnover,
• Prime trading position as opposite Norbiton Train Station and 2 mins walk from Kingston Hospital,
• Low running costs with inexpensive rent and no business rates,
• Priced to facilitate a quick sale.

This great valued business is likely to attract considerable interest.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Blue Moon Convenience Store is located along the busy Coombe Road in Norbiton.

Norbiton is an area within the Royal Borough of Kingston upon Thames, London and is approximately 1 mile East of Kingston upon Thames town centre.

Its main landmarks include Kingston Hospital and Kingsmeadow Football Stadium, which is currently used for the home matches of both AFC Wimbledon and Chelsea Ladies.

Blue Moon Convenience Store gets lots of repeat business from local commuters as it is located directly opposite the Norbiton mainline station in Travelcard Zone 5, the station and all trains serving it are operated by South Western Railway and is on the Kingston Loop Line calling at stations such as Waterloo, Shepperton, Clapham Junction and Richmond.

Premises
The business occupies the ground floor of a semi-detached building and briefly comprises;

Shop

Windows and glazed door to front creating a light airy interior.

This is a bijou store which has been cleverly designed to maximise the space available with clever shelving units and tiled floor.

As you enter the premises to the left hand side you are greeted with 3 chiller units which display an array of drinks on offer along with a selection of sandwiches and rolls.

To the right hand side of the shop is a selection of sweets, crisps and magazines along with a chest freezer which houses a collection of ice-creams.

To the rear of the shop you will find the kiosk with toiletries such as deodorant, shampoo and razors to the left.

The kiosk houses the card machine, till system and lottery, behind the kiosk are the cigarettes, vaping refills and alcoholic spirits.

For added security the business also operates 5 CCTV cameras and has shutters to the front of the property.

External

The current owner uses the space outside the shop to display the newspapers and a selection of flower bouquets.

Tenure
We are advised that Blue Moon Convenience Store is being sold as a Leasehold business opportunity.

The existing 10-year lease has approximately 6 years remaining, and the rent is a very reasonable £9,756 Per Annum.

We are advised that the business benefits from being exempt from business rates.

Hours
Monday - Friday 6am - 10pm
Saturday 7am - 9pm
Sunday 8am - 8pm

Staff
The business is run and managed by our client with the help of one part-time member of staff.

Financial Profile
Blue Moon Convenience Store generates an advised current turnover of approximately £430,000.

An advised Gross Profit of £52,000.

Nett Profit of £30,000.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04359
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