Convenience Store with Accommodation in Bedfordshire

Luton, Bedfordshire
REF: 05112

Asking Price:
£650,000
Annual Turnover:
£373,602
Annual Net Profit:
£49,850
Recently Sold
REF: 05112
Photo of Convenience Store with Accommodation in Bedfordshire

Overview

Tenure:
Freehold
Established:
1999
  • Huge growth potential
  • Accommodation Included
  • Well Equipped Business

This is an excellent opportunity to acquire a long-established convenience store that is sold, on a freehold basis, with three-bed accommodation.

The store serves a large residential customer base from a prominent position on a corner plot.

The store sells a wide range of everyday items, including newspapers and tobacco, and also serves as a lottery outlet.

The business offers ample potential for growth. It also provides a superb development opportunity.

The business trades as a convenience store, selling a wide range of everyday items, including: groceries, newspapers, tobacco and confectionery. Customers can also buy lottery tickets and there is a self-fill cash machine, office licence, MoneyGram and Paypoint services.

Customers enter the premises via the front door at street level. Internally, the premises comprise a well-stocked shop-floor area and serving counter. The premises used to operate as a post office and the counter is still intact, offering an opportunity to re-introduce the service.

To the rear and above the premises is the residential accommodation, comprising: hallway, kitchen, bathroom, three bedrooms, garden and storage area. There is excellent scope to extend and/or develop the premises, subject to planning.

The current owner does not actively market the business, instead relying on the customer base and passing trade.

The business trades from 6.30am to 9.15pm, seven days a week.

Intelligent Business Transfer is pleased to offer for sale this very well-established convenience store that offers a new owner plenty of development potential.

Trading since 1999, the current owner sells a wide range of everyday essentials, including tobacco, groceries and newspapers. The store also serves as a lottery outlet.

In addition to developing the premises, other growth options include introducing a website and/or local advertising and widening the product range.

With a dedicated counter already in place, the new owner might also wish to consider bringing back post office services.

Overall, this opportunity might particularly appeal to a retail entrepreneur looking for a solid local business with accommodation and bags of development potential.

Intelligent Business Transfer has been requested to find a suitable buyer.

Location

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
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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