9010RG NEWSAGENTS & CONVENEINCE L/H £80,000
Asking Price: GBP
80000
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| Description: |
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Advent Business Sales are delighted to offer to the market this extremely popular and profitable newsagents and convenience store.
This is a vibrant and successful store, which with the huge building programme underway on its doorstep will become even busier. There are 200 apartments being built with most of them already sold; there are plans to build more once these are completed.
The shop is the nearest store to the development, so attracts many builders currently and owners once they move in.
The current vendors, who founded the store in 2003, have now reluctantly decided to sell as the plan their retirement.
The store was voted best corner shop in the South East and London for 2007 and only narrowly missed out on the national top award. The accolade, which was nominated by its customers, took into account the broad range of products and services they offer as well as the very high levels of personal and dedicated customer service.
The store is bright and airy, has excellent presentation throughout with an entrance from two different roads.
We are advised that stock at cost is approximately £50 – 60,000.
The business offers a large selection including:
• Newspapers and magazines
• Sweets and snacks
• Greetings cards and gift wrap
• Cigarettes and tobacco
• Ice cream, frozen foods
• Milk, cheese, and dairy products
• Bread, cakes, eggs and sandwiches
• Soft drinks
• Fruit and vegetables
• Stationery
• Polish foods
• Beers, wines and spirits
• General hardware and convenient products
They also have a cash machine, offer Western Union and bill payment using Paypoint. These contribute approximately £400 – 500 per month in commission payments.
The owners are willing to do a handover period if required
STAFF DETAILS
A husband and wife team runs the store with the assistance of 2 part time staff, which each works approximately 20 hours per week.
TRADING HOURS
Mon-Sun: 7.00am – 6.00pm
BUSINESS PREMISES
Very large and recently refurbished ground floor shop with cellar storage together with a 2 bedroom apartment on the upper floors and briefly comprising of:
Ground Floor
Entry into shop from either the front which is off the busy main road or from the rear which is next to the 200 flats which are under construction
• Full Epos system
• Till and counter with cigarette gantry to the rear at both entrances
• Extensive side shelving with product display
• 5, open chiller, 2 chest freezers, 1 ice cream freezers, Pepsi single door chiller 2 x 2 door drinks chillers, 2 x 1.5 open chillers, cash machine
• Door in middle of shop to w/c
• Side door down to large storage cellar
The business has the added benefit of being alarmed and having a CCTV system with 16 cameras.
LIVING ACCOMMODATION
Separate side entrance to 1st floor self contained apartment with:
• 2 bedrooms
• Kitchen
• Lounge
• Bathroom
TENURE: Leasehold
Original lease: 12 years
Remaining lease: 12 years
Review every: 3 years
Rent: £30,000 P.A.
We are advised that the annual business rates are currently: £3,500 |
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| Financial Information: |
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| Annual gross sales: (GBP) |
N/A |
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Yearly Revenue: (GBP)
Total yearly sales revenue |
624000 |
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Net Profit: (GBP)
Total profit before taxes |
N/A |
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| General Information: |
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| Business Area: |
Our clients are ideally situated on a parade with a high visibility main road location and very large numbers of passing traffic by car and on foot. The parade has a variety of other shops such as chemists, laundrette, estate agents, hairdresser, cafes, and bookies etc, who all contribute in attracting customers to the area. |
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| Year Established: |
2003 |
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Is Relocatable?:
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No |
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| Business closed or an asset sale : |
No |
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| Is Home based business?: |
No |
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| Real estate status: |
No |
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Market competition and expansion:
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• The shop has been advised that they will be having the lottery in the near future.
• The shop could stay open later at night to attract customers once they get home to the large residential area nearby
• They could also install a bake ‘n’ bite and coffee making facilities to attract more of the nearby construction workers. |
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