Under Offer

Shop

CS0255


£49,950

Mailbox Estates offers a remarkable property opportunity to acquire a Convenience store which is located on a busy main road.

The store will suit a multi operator who is looking to build on the excellent foundation of the current operator or a first-time buyer who is looking to delve into the convenience sector.

REASON FOR SALE:
* Our client has owned the business since December 2022 and is now offering the business for sale due to family commitments.

THE OPPORTUNITY:
* Main road location
* Ideal for new entrant or existing operator
* Nil business rates
* Further income could be generated by increasing opening hours

LOCATION:
* The store enjoys an excellent location on a busy main road upon local bus routes attracting significant traffic.
* The surrounding residential area provides a strong customer base, and the presence of various nearby businesses, including a barber shop, physiotherapy clinic and secondary school which enhances the potential for high footfall

TURNOVER:
* We have been advised by our client that the weekly counter sales on average are £2,000.
* The owner has informed us that the shop has significant potential to increase turnover, as they currently do not run any promotions or special offers, sell tobacco or sell any frozen foods.
* The store currently offers no lottery

INTERNAL:
* The ground floor of the premises boasts a large retail sales area with 2 stock rooms, a kitchen and W.C. and is offered in good condition.
* CCTV
* Delivery access at the side of the store, directly connecting to the stockroom.

EXTERNAL:
* The store is well presented and maintained, with clear visible signage
* The shop has parking directly outside offering convenience for customers

TRADING HOURS:
* Monday - Thursday 08:00am to 19:00pm
* Saturday 10:00am-19:00pm
* Sunday 10:00am-19:00pm
* A license is in place allowing operations until 11 PM, should the new owner/s wish to extend opening hours.

STAFF:
* The business is owner-operated by a dedicated father and son team therefore this is no staff to transfer.

TENURE:
* Offered through the assignment of the existing lease, with renewal options available.

RENT:
* Monthly rent is £700.00

TRADING INFORMATION:
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.

LEGAL COSTS:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are to be shared equally between the buyer and seller.

DEPOSITS:
* Successful Buyer(s) will be required to pay a non-refundable deposit.



Tenure: Leasehold

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