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High Turnover Convenience Store in Nuneaton

Nuneaton
REF: 01459

Asking Price:
£165,000
Annual Turnover:
£390,000
Annual Net Profit:
TBC
Recently Sold
REF: 01459
Photo of High Turnover Convenience Store in Nuneaton
Photo of High Turnover Convenience Store in Nuneaton
Photo of High Turnover Convenience Store in Nuneaton
Photo of High Turnover Convenience Store in Nuneaton

Overview

Tenure:
Leasehold
Established:
60
  • Huge growth potential
  • Excellent Reputation
  • Recently Refurbished

This is a superb opportunity to purchase a convenience store in Nuneaton with impressive turnover figures.

The business has a great reputation within the local community and benefits from its ideal location on a large residential housing estate and the fact the business has been trading for over 60 years.

The business offers a potential buyer the perfect foundations for success plus several ways in which they can further improve the financial figures.

The business is ideally located on a street corner opposite the main road running through the housing estate in which it is located.

The building in which the business is located has a large glass frontage with the name of the business clearly visible from the adjoining road above. The entrance to the business is located to the left hand side of the building.

At the front of the store there is a counter to manage customer transactions and overlooks the whole store. The shop floor is divided by two different aisle holding various different stock. There are also areas designated for frozen foods and alcohol.

Beyond the shop floor and out of view to customers there are two large stock rooms and a small office area which holds the stores cctv equipment.

Intelligent Business are pleased to offer to the market this unique opportunity to purchase a high turnover convenience store in Nuneaton, Warwickshire,

The convenience store has been trading under its current owners for approximately 11 years, however the business was established for over 60 years under different ownership. The business has 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 loyal customer base.

The current financial figures have also been achieved with modest opening hours. The business would benefit from extending the opening hours to beyond 8.30pm to increase the sales revenue for a potential buyer.

The turnover of the business is approximately £390,000 per annum, which is the result of weekly takings in the region of £7,500 per week.

It is with a heavy heart that the current owners are willing to sell the business due to retirement. This business would suit a couple or family with the drive and energy to manage this busy store and reap the financial rewards.

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
54 years remaining
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
TBC

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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