Retail Space for sale in Newark

View the "Retail Shops - Convenience Stores" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Retail Shops - Convenience Stores

Newark, Nottinghamshire, England

  • Leasehold Price: £150,000
  • Annual Net Profit: £52,000
Seller Reference: 8181
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: 8181
Request Details
Business Description
A superb opportunity to acquire a well established Convenience Store which enjoys an enviable reputation in the area. Viewing is highly recommended.

New to the market, is this well established Convenience Store. With its fantastic reputation and a loyal customer base, it's a great opportunity for any buyer looking for an existing, successful business to walk into.

This charming, independent Convenience Store Business is well regarded in the community, and looking for a new owner who can expand on the fantastic foundations the current owners have put in place. This is an exciting and rare opportunity to own this hugely successful Convenience Store Business that was Established before 1982 - this long-standing business is currently up for sale due to the current owner looking to enjoy a well earned retirement.

TENURE: LEASEHOLD (Freehold is an available option)
STAFF: Yes 2 part time staff
RENT: £ASK
ANNUAL TURNOVER: £728,000 +
NET PROFIT: £52,000+

The business is turning over 14,000-£15,000 per week and this is just shop and doesn't include any lottery or other commissions the business is taking.

Currently offers:
Alcohol
Cigs
Lottery
Payzone
UPS delivery

Sumals of Albert Street, Newark, are an Off-Licence/Convenience Store. Products include probably the cheapest cigarettes and tobacco in Newark. Also serves alcohol, food stuffs including milk for just £1 for 4 pints, lottery, energy drinks, confectionery and news.

The shop comes complete with CCTV System and alarm. There is also a 3 bedroomed flat that is currently occupied at £850 PCM Including bills.

The perfect opportunity for first-time buyers or those looking for an affordable but well-established business.

THERE IS ALSO AN OPPORTUNITY TO ACQUIRE THIS BUSINESS AS A FREEHOLD (PLEASE SPEAK TO THE VENDOR FOR MORE INFORMATION).

Hugely popular locally, this is a rare chance to acquire one of the longest-running businesses in this area.
Sensibly priced for genuine retirement sale with lease & early viewing strongly advised

This is a fantastic business in a prime trading position as it is positioned on the main route into the city centre in Nottingham. Surrounded by vast residential properties.
Tenure:
Leasehold
Listed by:
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