Convenience Store in Nottinghamshire

Kimberley, Nottinghamshire

REF: R05713

Asking Price:
£49,950

Annual Turnover:
£342,899

Annual Net Profit:
£20,661

Reduced

REF: R05713

Photo of Convenience Store in Nottinghamshire

Overview

Tenure:
Leasehold

Established:
1985

Spacious Premises

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 Business has recently obtained an alcohol licence, which could see a potential turnover increase.

The vendor would be happy to considered offers above £49,950 + 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.