City Centre General Stores
Advert ref: #586
Category: Retail -> Stores
Location: England -> South West -> Gloucestershire -> Gloucester
Category: Retail -> Stores
Location: England -> South West -> Gloucestershire -> Gloucester
Business for sale
Asking Price:
£60,000
Turnover:
£198,000
Annual profit:
50k to 99k
Audited accounts:
No
Management accounts:
Yes
Business description
A well-presented and spacious shop selling a range of food, convenience items, off-licence, newspapers and tobacco.Located in a busy road with mixed residential and commercial.
Plenty of scope for increasing business.
GENERAL INFORMATION
Years established: The present owner has been in the business for 10 years
Employees: occasional staff
Trading hours: mon-sun 6.00 a.m. - 6.00 p.m.
Property: Leasehold
Stock value: £14,000
Lease terms
The vendor will agree lease terms - indicative rental £12,000 p.a. on 7 year lease.
Location
Located in a busy road close to the city center, with plenty of passing traffic and late night restaurant/takeaways nearby.
There is a local police station nearby which significantly increases security for late night opening.
Expansion potential
There is scope to extend opening hours - this area is busy until late evening. There is also scope to introduce newspaper deliveries.
Reasons for selling
The owner now wishes to retire.
Financing available
We have a large commercial finance brokerage which can assist in finding competitive finance for business acquisitions.
Advert ref: TW 011099
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