A guide on how to sell your convenience store with Daltons Business
Convenience Store Retail – when someone pops in late at night for a packet of crisps and some emergency loo roll, do they know they are supporting a 44 billion pound British Institution? But there’s one on almost every corner, and we all rely on them for those – ahem – convenient purchases. There has been steady growth of 4.4% CAGR over the past five years according to IBIS World, and Statista actually forecast that the convenience store market will be worth over £50bn in the UK by 2026 – that’s a lot of late night snacks.
In the fast-paced world of convenience stores, where every customer interaction counts, deciding to sell your business can be a momentous decision. Whether you’re looking to retire, explore new opportunities, or simply pass the torch to the next entrepreneur, choosing the right platform to sell your convenience store is paramount. This is where Daltons Business comes into play, offering a tailored and comprehensive approach that ensures a seamless transition for convenience store owners looking to sell their business.
1. Expertise in Selling Convenience Stores:
Daltons Business understands the unique challenges and dynamics of the convenience store industry. With years of experience in facilitating successful business transactions, we bring a wealth of knowledge to the table. Our team is well-versed in the intricacies of convenience store valuations, market trends, and buyer preferences, ensuring that your business is positioned competitively in the marketplace.
2. Extensive Buyer Network for Your Convenience Store:
Selling a convenience store requires reaching the right audience. Daltons Business boasts an extensive network of qualified buyers actively seeking opportunities in the retail sector. By listing your convenience store with us, you gain access to a pool of potential buyers who are not only interested but also financially prepared to make a substantial investment.
3. Tailored Marketing Strategies for Selling Your Convenience Store:
Each convenience store has its unique selling points, and our team at Daltons Business recognises the importance of showcasing these strengths to potential buyers. Through our targeted marketing strategies, such as our buyer newsletters, we highlight the key features of your business, putting your convenience store in front of almost two hundred thousand members looking to buy a business. Our goal is to maximise the visibility of your convenience store among serious buyers, increasing the likelihood of a successful sale.
4. Confidentiality and Privacy:
We understand the sensitivity of selling a business, and confidentiality is our top priority. Daltons Business ensures that the sales process is conducted discreetly, protecting your business’s reputation, and preventing any disruptions to daily operations. We have several options to ensure your convenience store will be confidential such as making your listing hidden in city-level buyer searches.
5. Guidance Throughout the Selling Process:
Daltons Business provides dedicated support and guidance at every step of the selling process. Our team of experts will help you if you need help/advice on optimising your listing so we can ensure the sale of your convenience store will attract the most possible buyers. You will also have access to a report from your Daltons’ account so you have clear visibility on the views and enquiries that your business has received. Have a question, you can call us on 020 395 32732 and talk to one of us today.
It’s a very popular category here at Daltons, with 11,000 interested buyers making enquiries every month. What will make your listing stand out?
Well, convenience stores are all the same, but they are also completely different. Beautiful snowflakes of practical purchasing, and you should know what makes your snowflake shine. Obviously you should have a good handle on your figures, but it might be useful to share if customers rely on your store for any specific needs. Do you offer any services, like lottery tickets, or parcel drop-off? Do you do a booming trade in alcohol, or sweets? This also becomes crucial if you are looking to sell any existing stock with the sale.
It’s also worth giving a clear description of your local area – consider looking at local demographic information for establishing the potential customer base. There may be potential for a specific world foods section. Your area may be particularly popular with young families, or have lots of student accommodation that a new owner may wish to target for studying snacks – or party food. This could really make your listing stand out, for just a bit of extra research time!
Key statistics: Selling Your Convenience Store on Daltons Business
200,000+
Registered buyers
18,000+
Convenience stores buyer enquiries
11,000+
Average monthly buyer enquiries
Top 5
Most popular category enquired to
- Your business listing for 8 months
- New listing flag titled 'Retirement Sale' to help you stand out and attract attention
- Appears in new retirement sale category search making it easier to find your business
- Appears on dedicated retirement sale Email Newsletter sent to our community of 194,000+ buyers
- Promotion via our Social Media channels for further exposure
- Easy to manage your advert
- Listing performance report
- Personal Daltons Account Manager support (help with creating, managing and optimising your business listing)
- Easy to manage your advert
- Listing performance report
- Featured listing
- Promotion via our Social Media Channels
- Promotion of your business in our email to our community of 194,000+ buyers
- Appear in our Featured business carousel on our homepage
- Telephone support(Mon-Fri 9am-5pm)
- Easy to manage your advert
- Listing performance report
- Featured listing
- Telephone support(Mon-Fri 9am-5pm)
- Easy to manage your advert
- Listing performance report
FAQs
Valuing your convenience store before selling is a crucial step for strategic planning, but many small business owners underestimate their business’s worth. Seeking a credible business valuation is essential, and business transfer agents, especially those with expertise in your sector, can provide valuable assistance. We offer a free valuation service where we’ve partnered with trusted business agents to provide this service for those in the Daltons’ community. You can do this by heading over to this link here.
Convenience stores have consistently ranked among the most sought-after businesses on Daltons Business, reflecting their enduring popularity in the market. From our data, convenience stores consistently being in the top 5 most enquired-about businesses on the Daltons platform. Convenience stores have received 12,000+ seller enquiries, which underlines the high level of interest and demand within the buyer community.
The time frame for selling a business can vary depending on the businesses location and market conditions. On average, it can take anywhere from 4 to 8 months to sell a convenience store on Daltons Business.
When selling a convenience store the value of your inventory can significantly impact the overall asking price your business can command. For many potential buyers it’s important to understand the value of your inventory and if it’s included in the asking price.
Whether you require guidance on optimising your convenience store listing or have specific enquiries, our support team is always here to help with your needs. Please feel free to reach out to us using the contact form below, and one of our knowledgeable team members will promptly respond to your queries.
Contact us below or call us on 020 395 32732