Mailbox Estates are delighted to present an opportunity to acquire a busy convenience store with the lowest rent we have seen! generating on average £13,000pw and including two separate accommodations generating a monthly income of £650 each with the current tenants happy to stay which is always an added bonus!. lets not forget the ZERO business rates.
The store has been run by brothers for the last six years, but due to relocating the store is now up for grabs for a enthusiastic person to either add the business to their existing portfolio or for a first time buyer looking for an amazing opportunity .
The store has endless opportunities, and why not increase profit by adding pay point newspaper or even lottery, the store is well known and highly relied on with in the local community as there is no local competition offering a full range of products such as alcohol, tobacco ( Vapes ) , confectionery, and general items of convenience.
FREEHOLD AVALIBLE FOR £80,000* once the lease has been purchased
THE OPPORTUNITY * low overheads to maximise profitability * Extremely low shop rent of only £650.00 per year! * Weekly T/O in excess of £13,000 * Average gross margin 30% * Option to purchase freehold from council after assignment of lease. * Current owner happy to offer a handover to ensure the continued success * Two X 2 bedroom accommodation generating £650 PCM each. ( Separate meters ) * NO local competition
TRADING HOURS * Monday - Sunday - 7:30am to 9:00pm ( The store is licenced to close until 11:00pm )
LOCATION * The store is within short walking distance from three High schools and benefits from the busy footfall from neighbouring businesses as well as the local residents in the area, the store is situated close to a playing field and park that is greatly used all year round. * The store has a large prominent shop front with which makes it appealing to passing and local trade. * The store is well presented and maintained.
TURNOVER * We have been advised by our client that the turnover is around £13,000 per week on average. *Cash machine from £50 - £100 per month *Amazon & DPD from £100 - £150 per month. * Due to no local competition Tobacco products are sold £1.00 - £1.50 above the recommended retail price!
The store does not offer Lottery, pay point or lottery services or post office these can be added at any time to increase the footfall / sales further.
TENURE * The site is offered by way of assignment of the existing lease until 2073 with 51 years remaining. * The council are the landlord and the 99 year lease has peppercorn rent.
STAFF * The store is owner run with the help of two full time and one part time staff.
EXTERNAL * There are two large garage units included to the rear that are used for additional storage for the stock. * Secure gated parking to the rear for staff and the owner. * Rear access for loading / unloading.
SHOP FLOOR PLAN * Ground floor - Shop sales area of approximately 149 Sq. M (1603 Sq. ft) * Staff WC
RENT * We have been advised that the rent for the store is £650 per annum. ( Peppercorn Rent )
ACCOMMODATION * Included in the sale, two x 2 bedroom flats benefitting from separate access to the rear. Currently rented out to working professionals on a tenancy, each flat provides £650 Per month.
BUSINESS RATES * We have been advised that there are no business rates payable. * Purchasers should enquire with relevant local authorities to confirm the rates payable.
LEGAL COSTS * Each party to be responsible for their own legal costs in connection with the sale. * Landlords Legal fees are the buyer and vendors responsibility and are to be shared equally.
Fixtures and Fittings *The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
Regulatory * Premises licence
Trading Information * Trading information and a copy of the lease will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises along with proof of funds.
Viewing arrangements * Mailbox Estates highly advise early viewing to avoid disappointment. * Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT'S STAFF
DEPOSIT *Successful Applicants will be required to pay a non-refundable deposit.
Mailbox Estates highly advise early viewing to avoid disappointment.
Additional information * The neighbouring closed fish and chip shop has been vacant for several years. Our client has informed us that the tenant may sell the lease so it is an opportunity to extend the store.
* Our client has advised us that there is an option to purchase the freehold from the council after assignment of the lease.