Convenience Store in Nottinghamshire

Kimberley, Nottingham
REF: R05713

Asking Price:
£59,950
Annual Turnover:
£340,000
Annual Net Profit:
£35,000
Featured
REF: R05713

Overview

Tenure:
Leasehold
Established:
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.

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  • Residential area
  • Busy shopping precinct
  • Heavy footfall
  • Ample parking spaces
  • Close to complementary businesses
Rent
£13,600
Rates
£0
Lease Term
15
Lease Expiry
lease expires on 23rd March 2026. Break clause 2016 & 2021
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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

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