Business for sale

Business description

Advent Business Sales have been instructed
to offer for sale this excellent village shop,
with enormous potential for growth.
The shop has been in existence for over 100
years and has been in the hands of the
current vendors for the last 20. It has now
reluctantly been offered for sale due to
imminent retirement plans.
Originally a Spar store, at peak trade was
buoyant. Due to the vendor’s age, the
business has been run on limited trading
hours.
The large premises consist of a main sales
area as well as ample storage to the rear.
The business retails:
• Wide range of beers, wines and
spirits
• Convenience and grocery products
• Tobacco and cigarettes
• Confectionery
• Payzone
The main sales floor is extremely large in
comparison to most offering the prospect to
stock a wide range of products.
The business is offered on leasehold with a
new lease subject to negotiation (business
premises only).
Alternatively, the vendor would be willing
to sell the freehold, which also
accommodates a spacious 4 bed living
accommodation.
Our client has advised us that planning
permission has been obtained to convert the
ground floor into 4 sizeable retail units is
one so wished to explore.
In addition, the vendor is willing to
negotiate separately the purchase of
adjoining land, on which two 3 bed houses
can be built, as plans for this has also been
approved.
REF: 8942DN
TRADING HOURS
Mon-Sun: 8am – 9.30pm
EXPANSION POTENTIAL
Due to the sheer size of the premises a total
refit and introducing a buying group such as
Costcutter or Londis would escalate
turnover significantly.
A full scale offer of convenience and
newspapers would be an advantage.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £104,000
Gross Profit: 24%
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
Deceptively large premises available
leasehold or freehold, with the added
security benefits of an alarm system, air
conditioning and fully operational CCTV
cameras and consisting of the following:
Ground Floor
• Main sales area
• Cash desk to front and cigarette
gantry
• Fixtures and fittings including 2 x
central aisles
• Range of fridge’s and freezers
• Stockroom to rear with w/c
• Loading access to rear
First Floor
• Separate entrance (available with
freehold)
• 4 x double bedrooms
• Large lounge
• Family bathroom
• Fully fitted kitchen
External
• Outbuildings and additional land
with planning consent, available
via separate negotiations
• Garage and garden
• Paved to shop front
TENURE:
Leasehold/Freehold
Original lease: TBC
Remaining lease: TBC
Review every: TBC
Rent: £19,500 per
annum (leasehold)
We are advised that the annual business
rates are currently: £4,000
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.