Newsagents for sale in Rochester

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Well Known and Established Convenience Store

Rochester, Medway, England

  • Leasehold Price: £29,995  Price Reduced arrow_drop_down
  • Under Offer
  • Turnover: £153,707
  • Gross Profit: £36,275
Seller Reference: B04429
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Business Description
 
 
 
 
 
 
 
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Seller Reference: B04429
Request Details
Business Description
Business
Hilton Smythe Welcomes to the Market Sweet Box.

Sweet Box is a well known and established convenience store which has been owned and managed by our client for over 20 years.

This store prides itself on the level of service they provide to their customers, due to their ongoing commitment they benefit from the majority of their business being repeat customers from the local residential area.

Sweet Box provide a large variety of convenience goods including; bread, tea, crisps, milk, ready made sandwiches, sweets and it also benefits from a non-restricted licence to sell alcohol, giving the potential to sell alcohol even on Christmas day.

They also provide a lottery service and have recently started providing a parcel service with UPS.

The business is now being sold due to the owner looking to semi-retire and becoming the Landlord of the premises.

Scope to Improve:

• Advertising and marketing campaign
• Perhaps a loyalty scheme
• Add post office
• Newspaper/magazines and more parcel services.

Location
Sweet Box is located in a residential area within a small parade of shops along Elaine Avenue, Rochester, the neighbouring shops include a take away and hair & beauty salon.

Rochester and its neighbours, Chatham and Gillingham, Strood and a number of outlying villages form a single large urban area known as the Medway Towns with a population of about 250,000.

The business also benefits from non-restricted parking directly outside the store.

Premises
Full length windows and glazed doors to front creating a light airy and inviting interior.

Once in the shop you are greeted with the till counter to your right and a large selection of sweets to your left.

The shop is split with a central aisle which consists of two chest freezers and double racking unit. To the rear of the shop is the chiller cabinets which houses the beer, ready made sandwiches and milk etc.

To the rear right-hand side of the shop is a doorway which leads to a storage area, the the rear left-hand side is further storage which leads to the kitchen area.

Equipment included in the sale of the business:

• 2 x Display chillers
• Till system
• Counter
• Scales
• Shelving
• Racking
• Lighting
• 2 x Chest freezers
• Double drinks fridge
• 16 CCTV + Monitor.

Tenure
We are advised that Sweet Box is being offered a Leasehold business with a brand new 26 years lease with review every 3 years and rent of £11,000 per annum.

We are advised that there are no business rates currently payable.

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

Staff
The business is run and managed by our client

Financial Profile
Sweet Box generates an advised current turnover of circa £153,707 per annum with an advised £36,275 gross profit.

The advised nett profit is £12,819 with an adjusted nett profit of £19,032

Tenure:
Leasehold
Listed by:
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