Convenience Store in Coatbridge

Coatbridge, North Lanarkshire
REF: 03330

Asking Price:
£40,000
Annual Turnover:
£300,000
Annual Net Profit:
TBC
Recently Sold
REF: 03330
Photo of Convenience Store in Coatbridge
Photo of Convenience Store in Coatbridge
Photo of Convenience Store in Coatbridge
Photo of Convenience Store in Coatbridge

Overview

Tenure:
Leasehold
Established:
TBC
  • Popular convenience store
  • Large residential location
  • Easy to run operation
  • Low overheads
  • Good repeat custom

This fantastic convenience store is a profitable opportunity for anybody wishing to purchase a multi-purpose business. It is a newsagent and grocery store rolled into one making it a pillar for the local community.

The shop has gained a great reputation for the quality of stock they hold and affordable prices they offer. The current owner is looking for a new buyer to take over and maintain the reputation of this successful business, and continue to cater to the needs of local inhabitants.

This business acts as a traditional shop and convenience store selling daily consumables such as food, tobacco and household products. Compromising of a newsagent, Paypoint system and grocery store, the shop is particularly popular with local residents who visit the shop regularly to pick up essential items for their homes. Products include groceries, newspapers, magazines, tobacco goods, dairy goods, soft drinks, confectionary, lottery tickets and scratch cards.

The business is very well presented with a pleasant exterior and vibrant signage. There is an ATM which further adds to the attractiveness of this business. Inside, the shop is open plan with a total area of approximately 500 sq ft.

There is a serving counter used for customer transactions and two central display units stocked with a great selection of goods. There are some large drinks coolers at the back of the business, as well as a stock room and WC. CCTV operates within the business.

Intelligent Business Transfer are pleased to bring to the market this long-established, respected convenience store which has successfully become a well-known fixture within the local community.

The business enjoys year round sales and prides itself in offering a friendly service to its loyal clients.

The business is a turnkey operation with good repeat custom and excellent possibilities for growth.

A new buyer could expand the greengrocery and cold meats section of the shop, and introduce the sale of alcohol. There is also huge potential to grow the business by incorporating a delivery service of parcels through the shop from retailers to customers and vice versa.

The current owners have achieved much of their success through word of mouth recommendations and their loyal customer base. However, advertising could be increased via social media such as Facebook and Twitter accounts, informing potential customers of promotional offers.

There is no website at present which is something a new buyer could taker advantage of to increase exposure and reach out to new customers.

Intelligent Business Transfer have been approached to find a suitable buyer for this business which can operate successfully with minimum marketing efforts.

With its prime location and huge range of stock, the business has served the local community successfully. However, the current owners are looking for the right buyer to takeover and grow the business further.

Location

Property

Annual Rent
£7,800
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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