Business for sale

Business description

Advent Business Sales have been
instructed to offer for sale this very
well established and popular convenience
store with planning permission in place
for a 2 storey extension.
Established for over 40 years and in the
hands of the current vendors for 7
years, it is reluctantly offered for sale
due to the vendors other business plans.
Currently staffed by a husband and wife
team plus 1 part time member of staff,
this convenience store offers a good
range of products and services
including:
 convenience goods
 alcohol
 cigarettes
 counter news and magazines
 confectionery
 pet food
 greetings cards
 lottery
 pay point
 cash machine
The premises are decorated and
equipped to a high standard throughout,
with the main sales area benefiting from
air conditioning and CCTV system, plus
spacious family living accommodation
consisting of 3 large double bedrooms.
It is worth noting that planning
permission has been granted for a 2
storey extension to the premises
enabling an increase in the sales area, as
well as the living accommodation.
Within the planning permission, there is
also plans for a rear extension to create
a sun room, this would enable an
additional large double bedroom to the
first floor, which is currently used as a
lounge.
The business has also recently reached
an agreement with Western Union, to be
a money agent on a 14% commission
basis and will be the sole Western Union
money agent in the area. This will
undoubtedly also create a high level of
footfall from the recently increased
migrant worker population in the area.
EXPANSION POTENTIAL
Although already a successful business,
there is still scope for expansion and
growth including making use of the
planning permission and constructing the
extension plus the increasing level of
footfall which the current vendor has
not yet seen the benefit of.
TRADING HOURS
Mon – Fri: 7.00am – 10.00pm
Sat – Sun: 8.00am – 10.00pm
FINANCIAL INFORMATION
We have been advised by the vendor of
the following:
Weekly sales: £13,000
(includes Lottery, Paypoint, Payzone)
Shop sales approx: £7,000 a week
Gross Profit: 20%
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
A well maintained 2 storey end terrace
premises decorated to a high standard
throughout with the added security of
an alarm system plus CCTV and
consisting of the following:
Ground Floor
 Door leading into main sales area
with centre aisle, well racked and
including air conditioning
 Serving counter to rear of premises
with cigarette gantry to rear
 Door to rear of serving counter
leading into owners accommodation
consisting of: small lounge, fitted
family kitchen, door exit to rear
yard, door leading to stairs to first
floor
First Floor
 Landing with doors leading off into 2
large double bedrooms
 Large lounge with stairs to loft
conversion of large double bedroom
 Potential in lounge to create stud
wall giving corridor/separate
entrance to second floor and
creating additional bedroom in this
lounge area
External
 Large rear yard with gated access
and secure high wall
 Outbuildings currently used for
storage
TENURE: Freehold
We are advised that the annual business
rates are currently: £1,200
Domestic rates: £700 per annum