High Turnover Convenience Store

Stoke On Trent, Staffordshire
REF: 01646

Asking Price:
£80,000
Annual Turnover:
£416,000
Annual Net Profit:
£57,262
Reduced
Recently Sold
REF: 01646
Photo of High Turnover Convenience Store
Photo of High Turnover Convenience Store
Photo of High Turnover Convenience Store
Photo of High Turnover Convenience Store

Overview

Tenure:
Leasehold
Established:
1963
  • Weekly Takings - £8,500 approx
  • Great reputation
  • Ideal Location
  • 2 bed apartment if Freehold purchase
  • Freehold Price £200,000

This is a superb opportunity to purchase a profitable convenience store in Longton, Stock-On-Trent. The business has a great reputation within the local community and benefits from its ideal location on a large residential housing estate and having limited competition.

The business acts as a traditional convenience store for its customers and also offers them services such as the National Lottery and Payzone. The business has been renovated to an exceptionally high standard throughout and includes a recently renovated apartment if purchased on a freehold basis.

The business has a large glass frontage with a door located centrally. There is a large amount of free parking to the front of the store and three garages, currently used for storage, to the side of the store.

On entrance to the business clients are greeted by a large counter which is used to manage all customer transactions. Behind the counter there is a modern EPOS system.

The rest of the shop floor is taken up with various units and refrigerators to stock different products. There is also a small storage room for the use of staff.

Above the shop, there is a 2 bed apartment included with the sale if bought on a freehold basis. The apartment has been refurbish to a high standard and has a living room, kitchen and two double bedrooms.

The business and apartment are available on a freehold basis only.

Intelligent Business are pleased to bring to the market this great opportunity to purchase a high- turnover convenience store and apartment, on a freehold basis, in Stoke-On-Trent.

They have been trading for over 50 years and has built a great reputation in the local community due to their high levels of service, quality of stock and competitive prices. The business acts as a traditional convenience store and offers essential products and services to its large customer base. The business is unique in the fact that it is available on a freehold basis.

The turnover of the business for last year was £414,232 (accountable) with a gross profit figure of £84,746 and an impressive net profit figure of £57,262.

The financial figures of the business could be improved significantly if they were to extend the opening hours of the business. This has been voiced to the current owner on several occasions by their loyal customer base. A potential buyer could also choose to introduce other services to attract new customers to the business and increase the sales revenue.

The current owner is selling the business to enjoy a well-deserved retirement. This business would suit an entrepreneur or family looking for a business venture with huge financial reward.

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
E 101-125

Financial & More

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