Established Convenience Store in Nottingham

Nottingham, Nottinghamshire
REF: 04655

Asking Price:
£108,000
Annual Turnover:
£550,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 04655
Photo of Established Convenience Store in Nottingham
Photo of Established Convenience Store in Nottingham
Photo of Established Convenience Store in Nottingham
Photo of Established Convenience Store in Nottingham

Overview

Tenure:
Leasehold
Established:
1980
  • Convenience Store
  • High footfall location
  • Established since 1980
  • Impressive annual turnover
  • Accommodation available

A superb opportunity has presented itself for a new buyer to take ownership of a well-established and reputable Convenience Store which is located in the affluent town of Toton in Nottingham.

In operation since 1980, the business has established an impressive level of profitability, serving a large customer base in a thriving community. The business retails a wide range of convenience products and complimentary services.

With a high annual turnover and the possibility to acquire apartment accommodation if desired, this is an ideal opportunity for an entrepreneur to acquire an established business in a popular location.

Trading for over 35 years with an impressive level of profitability, the business serves a large customer base from across the wider area, comprised of residents and local employees.

The business retails a wide range of household, food items, newspapers and day to day essential products, along with services including Payzone and Lotto.

The business is easily recognisable due to its prominent position on a busy main road and large glass façade. The interior décor has been renovated to a high standard and offers an excellent amount of space for shelving, display furniture and refrigerated units, to the rear of the shop floor is a large serving counter which has the view of the entire store.

There is an apartment on the first floor which can be included within the negotiation for £575 per month if required. Customer car parking is available.

Intelligent Business Transfer are pleased to offer to the market a fantastic opportunity for a new buyer to acquire a well-established and highly regarded Convenience Store which is located in the sought-after town of Toton in Nottingham.

Established in 1980, the business has demonstrated consistent growth and now achieves an annual turnover in excess of £550,000. With a high level of profitability and the potential to also rent a two-bedroom apartment within the premises, this is an ideal opportunity for an entrepreneur to acquire a lucrative business with further development potential.

A motivated new buyer may look to grow the business by extending on the limited weekend opening hours, increasing the product range, or engaging in a more comprehensive marketing strategy, such as door-to-door leafleting or loyalty promotions.

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

Location

Property

Annual Rent
£15,000
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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