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Monday 24th of Jul 2017 - My Account - Register - Brokers - Bookmark RightBiz
Freehold:
£199,950

Freehold Convenience Store In Residential Location Premium Advert

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Further Details
Reference13860 F / RightBiz
Status
FOR SALE
Advert ID196447
LocationHucknall, Nottinghamshire
SectorConvenience Stores, Newsagents
Freehold Price£199,950
Annual Turnover£425,000
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BUSINESS
The business has been operated by the current vendor for over 10 years and has a loyal local customer base with no surrounding competition. The business is now up for sale due to our clients desire to take a well-deserved retirement.

The business stocks a range of basic amenities including bread and milk a range of frozen foods, packet and tinned food, ice creams as well as beers wines and spirits. Batteries, electricity and mobile phone top ups can also be obtained on site. There is a good range of confectionery available as well as a Slush Puppy machine serving chilled drinks.

The business also operates a Lottery machine and Payzone service which has proved extremely popular with the local residence and helped to maintain a strong and active footfall.

There is an opportunity to expand the food offering further as well as increasing the social media presence and offering a home delivery service to the elderly and infirm residents living locally.


LOCATION
Located in Hucknall the ground floor business is situated in a residential area.
Set in the middle of a retail parade.
The business is on a main bus route with a bus stop located to the front of the premise.
Excellent on street parking available to the front of the premise and along Broomhill Road.
Heavy footfall and passing trade from the surrounding residential areas.

PREMISES
Ground floor mid terrace shop with residential accommodation above.
Well stocked.

Equipment includes: -
Sales counter
Display shelving units
Wall units
Shelving
Wall units
Ice cream freezer display freezers and drinks fridge
Slush Puppy machine
Shutters to the front
CCTV system
Air conditioning unit
Lottery
Payzone and credit/debit card machine.

Stock room to the side of the counter with WC and hand wash basin located at the rear of the shop.

TENURE
We are advised the business is being sold as a Freehold business opportunity.

There are currently no rates payable on the premises.

HOURS
The business is currently operating: -

Monday to Saturday: 7.30am to 9pm
Sunday: 10am to 9pm

STAFF
The business is run and managed by the current vendor with the assistance of one part time staff member.

FINANCIAL PROFILE
We are advised the business is currently turning over in the region of £8,000 per week with a gross profit in the region of 25%.

The business is exempt from business rates.
The annual commission from the Lottery and Payzone is in the region of £6,000.

EXTRA NOTES
The business does very well on commission from cash back payments and payment on credit/debit cards.
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