Business for sale

Business description

Advent Business Sales are pleased to offer to
the market this well established convenience
store, which has been trading successfully for
the last 20 years.
The current vendor has been in ownership for
the past 9 years. He has decided to sell in
order to concentrate on an unrelated business
acquisition.
The business has modern fixtures and
fittings, which have been maintained to a
good standard. The business retails all the
usual traditional lines including:
• Cigarettes & tobacco
• Confectionery, sweets, chocolate
and crisps
• Chilled foods & sandwiches
• Soft drinks
• Frozen foods
• Ice creams
• Milk and bread
• Fresh fruit and veg
• Cards, gifts and stationery
• Bakery products
• Counter papers and magazines
• Tinned groceries
1 full time member of staff runs the business.
Stock at cost is in the region of £15,000.
The vendor has informed us that at least 3 to
4 customers per day ask if the business sells
alcohol. This is an area, which has
tremendous implications for growing sales.
Applying for an alcohol licence as well as a
lottery facility would have a positive impact.
Our client has informed us that a new owner
could apply for an A3 licence. A fish and
chips facility at the space at the rear (where
the post office was) would make this an
extremely profitable venture, especially with
the surrounding homes and offices, who
travel into the city centre to purchase food.
REF: 8926S
The business needs to be viewed early in
order to avoid disappointment
The business offers genuine potential to any
serious minded purchaser.
TRADING HOURS
Mon-Sat: 7.30am – 7pm
Sun: 7.30am – 6pm
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Weekly sales: £6,000
Gross Profit: 25%
Paypoint: £4,000 per week @
3%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The mid terraced business premises consist of
a ground floor lock up, which is in good
condition. It briefly consists of:
Ground Floor
• Counter
• Cigarette gantry to rear of counter
• Central gondola
• Appropriate racking and shelving
• To rear is a large storage area and
access to the main road
Basement
Currently used for storage
The business premises benefit from electric
shutters to the front, CCTV and double
glazing.
TENURE: Leasehold
Original lease: TBN
Can be either 10 or 15 years
Remaining lease: TBN
Review every: 3 or 5 years - TBN
Rent: £200 per week
We are advised that the annual business
rates are currently:
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.