Convenience Store in Nottinghamshire
£59,950
£340,000
£35,000
Overview
Leasehold
1985
- Wide range of products
- High yearly takings
- Spacious premises
- Busy location
- Potential for growth
This is a long-established and traditional convenience store which has been trading effectively since its inception in 1985.
Selling a wide range of daily consumables to the local inhabitants at cost-effective prices. It also trades as a newsagent, offering a selection of newspapers and magazines as well as cigarettes & tobacco, confectionary items greeting cards and is an e-cig product specialist. The store also offers a Hermes and Collect Parcel shop, a Paypoint, National Lottery service, Western Union and photocopy services
A new buyer is presented a solid platform which has low overheads, good cash flow and great scope for further expansion.
The vendor would be happy to considered offers above £59,950 + stock
Trading from a single-fronted, terraced building which features clear exterior signage, displaying the business name across the top. Internally, there is a large open plan shop floor, approximately 1,000 sq ft, which accommodates all stock, displayed throughout in aisles and on shelves. There is a counter to the back of the store which allows for customer transactions. There is a small storage room and staff toilet facility to the rear along with a kitchen and small office. All fixtures and fittings are included in the sale.
Trading consistently all year round, it is open seven days a week and has grown organically through word of mouth and due to its visible location.
The annual turnover excludes the commission received for lottery, PayPoint, dry cleaning & Hermes. Collectively these take approx. £400 - £450 week
The opportunity will particularly appeal to past and current shop owners and will make a great purchase for a first-time buyer looking to manage a business in this geographical location.
New business owner would benefit from current easy working hours and there are no out of hours deliveries.
Through increased advertising via leaflet drops, extended opening hours, the introduction of alcohol sales, the new buyer could effectively boost exposure to its services and generate higher annual income. With no news rounds in Kimberley at present, it could offer papers to local inhabitants to generate further revenue.
- Residential area
- Busy shopping precinct
- Heavy footfall
- Ample parking spaces
- Close to complementary businesses