Convenience Store with £13,000 Weekly Sales
Overview
Description
Mailbox Estates present an opportunity to acquire a busy convenience store with £13,000 per week on average.
The store is well known and highly relied on within the local community with no local competition. The store offers a full range of products such as alcohol, tobacco ( Vapes ) , confectionery, and general items of convenience.
The store does not offer Lottery, Pay Point or Lottery services, these can be added at any time to increase the sales.
THE OPPORTUNITY
* low overheads
* Weekly T/O in excess of £13,000
* Average gross margin 30%
* Current owner happy to offer a handover to ensure the continued success
* NO local competition
TRADING HOURS
* Monday – Sunday – 7:30am to 9:00pm
( The store is licenced to close until 11:00pm )
LOCATION
* The store is within short walking distance from three High schools and a residential area.
* The store has a large prominent shop front with which makes it appealing to local trade.
* The store is well presented and maintained.
TURNOVER
* We have been advised by our client that the turnover is around £13,000 per week on average.
Commissions Received:
*Cash machine from £50 – £100 per month
*Amazon & DPD from £100 – £150 per month.
The store does not offer Lottery, Pay Point or Lottery services, these can be added at any time to increase the sales.
TENURE
* The site is offered by way of sub lease with a new 10 year renewable lease.
The tenant has 56 years remaining on the lease with the landlord.
STAFF
* The store is owner run with the help of two full time and one part time staff.
EXTERNAL
* Secure gated parking to the rear for staff and the owner.
* Rear access for loading / unloading.
SHOP FLOOR PLAN
* Ground floor – Shop sales area of approximately 149 Sq. M (1603 Sq. ft)
* Staff WC
RENT
* The rent per annum is £13,000 with a rent review every third anniversary.
ACCOMMODATION
* There is no accommodation included in the sale.
BUSINESS RATES
* We have been advised that there are no business rates payable.
* Purchasers should enquire with relevant local authorities to confirm the rates payable.
LEGAL COSTS
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlords Legal fees are the buyer and vendors responsibility and are to be shared equally.
Fixtures and Fittings
*The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
Regulatory
* Premises licence
Viewing arrangements
* Mailbox Estates highly advise early viewing to avoid disappointment.
* Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT’S STAFF
DEPOSIT
*Successful Applicants will be required to pay a non-refundable deposit.
Leasehold Terms:
Trading Hours:
Number of Employees:
Support and Training:
Is this business relocatable:
Is this business home based:
Is accommodation included:
Is this In administrative/receivership:
Is stock included:
Website address:
Listed By:
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