Business for sale

Business description

Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely popular and profitable
convenience store with excellent future
potential.
Founded over 40 years ago, the shop has
been in the proud ownership of our client for
the last 4 years and is only now being
reluctantly offered for sale as he plans to
emigrate to join his family overseas.
Our client has extended and improved the
shop with modern fixtures and fittings
throughout and is decorated to a high
standard.
The business retails all the usual traditional
lines including:
• Cigarettes, cigars and tobacco
• Confectionery, crisps and frozen
foods
• Soft drinks
• Chilled foods and sandwiches
• Ice cream
• Milk and bread
• Fresh fruit and veg
• Beers, wines and spirits
• Hardware
• Newspapers
• Cards and gift wrap
• General house hold products
The shop also has a good DVD rental
business on a split fee basis of 70/30 per film
and has both western union and
payzone/paypoint facilities, which average
£100 per week on commissions.
Our client works full time in the shop and
also employs one full time employee.
We are advised that stock at cost is
approximately £40,000.
REF: 8950B
TRADING HOURS
Mon-Sat: 2pm – 10pm
Sun: 3pm – 10pm
EXPANSION POTENTIAL
Our client runs his business to suit his
personal lifestyle and is content with the
results achieved but is also aware that there
are many avenues where sales and profits
could be increased such as:
1. Opening more hours. The shop does
not open until 2pm and so misses all
the morning trade
2. Have a cash machine installed, there
are non nearby
3. Offer evening deliveries to the
university campus but with a
minimum order value
4. The shop could be rebranded in
associated with a larger convenience
store group
5. Offer hot drinks and baguettes to the
morning trade going to and from the
nearby railway station
6. Selling magazines and well as
newspapers
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £324,000
Gross Profit: 25%
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
High visibility corner position with the
added security of being fully alarmed, an 8
camera CCTV system and with shutters over
the door and both side windows and briefly
consisting of:
Ground Floor
• Centre corner door into the main
sales area with an open chiller, 2 ice
cream freezer and soft drink chiller
• Centre gondola and perimeter
shelving
• Slightly raised level to counter with
till and cigarette gantry to rear
• Confectionery display
• 4 x 2 door alcohol chiller
• DVD gondola
• Extensive shelving for wines
• Side stores area
• Down to very large basement stores
• Separate w/c
TENURE: Leasehold
Original lease: 10 years
Remaining lease: 6 years
Review every: 3 years
Rent: £7,200 per annum
We are advised that the annual business
rates are currently: £6,500
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.