Village Convenience Store

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Status
FOR SALE
Advert ID
191711

Details

Profitable Village Shop near Warwick for sale.
Very good location, No Competition, Good Potential.

Business details:
The Business has a turnover in excess of £700,000 per annum. The property comprises a two-storey brick building with flat roof extensions and comprises a retail/stores of approximately 1,549 sq.ft and in addition there is a three bedroom flat. Possible expansion of the retail area may subject to planning permission. The turnover has been steadily increasing since business takes over and now is at approximately 13K per week (equivalent to 17K) plus rent income (£8500 pa).

****TURNOVER potential minimum 20K.****

The shop offers for sale a variety of goods including newspapers, tobacco, confectionary and soft drinks, Fruit&Veg, greeting cards, COSTA coffee machine, Camelot lottery, scratch cards also available. Fresh Artisan Bread, Freshly cooked pies and Handmade fresh sandwiches.

The New Owner could increase turnover by -
*Extent the opening hours
*Introduce Paypoint/payzone
*Introduce Cafe outside& More Hot Food (huge potential)
*Promoting Beer & Wines(currently not actively done)

Accommodation:
There is residential accommodation providing a living area, dining room, bathroom and kitchen at ground floor level accessed via an external courtyard to the rear of the premises. At first floor level, there are three bedrooms together with a large shower room.

Location:
The premises are located in the popular Warwickshire village close to A46 and J15 of M40 motorway.

Lease Terms:
The premises are held on a full repairing and insuring lease for a term of 15 years from the 8th October 2008 subject to rent reviews every 5 years and its renewable.

Rent:
£17,000 pa

Extra Income:
**Income from flats £8,500/per year. (can be achieved up to £9500)

Reason for Sale:
No family Support.

Listing Details
Leasehold Price: £299,000
Tenure: Leasehold
Sector: Convenience Stores, Newsagents, Off Licences
Financials
Annual Turnover: £700,000
Annual Net Profit: Available upon request
Key Features
  • High Turnover
  • With Accommodation
  • Central Position in Affluent Village
  • Accounts Available
  • Attractive Business
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