Long-Running Convenience Store in Oxfordshire

Wolvercote, Wolvercote
REF: R08019

Asking Price:
£99,950
Annual Turnover:
£260,000
Annual Net Profit:
TBC
Under Offer
REF: R08019

Overview

Tenure:
Leasehold
Established:
1937
  • Excellent reputation and loyal customer base
  • Huge potential for growth
  • Spacious premises
  • Low overhead costs and locally sourced produce
  • Wide variety of products
  • Accommodation included
  • Strong supplier relationships

The business for sale is a long-running convenience store in the affluent village of Wolvercote, in Oxfordshire.

Originally established in 1937, the current owners took over the business in 1999 and it has been growing steadily ever since. Over the years, the convenience store has developed an excellent reputation and a loyal customer base in the local community, thanks to their friendly team and fantastic customer service.

The convenience store sells a large variety of different products, including groceries, organic produce, fresh bread and pastries, tobacco, newspapers, magazines, plants, wood, and coal.

The shop attracts many different types of customers, from tourists to workmen, and is incredibly popular with the village locals. These days, more and more people are interested in shopping locally, so this could be the perfect time to get involved.

The business has a fantastic location 3 miles outside of Oxford, with plenty of passing trade from local customers, and little local competition.

With huge potential for growth, this business would be the perfect opportunity for a couple looking for a more relaxed work-life balance.

Upon entry to the business through the double doors and disabled ramp facility, you will see a counter at the front of the shop with a large veg table. To the right, there are magazines, papers, and fridges, with shelving of hard-line goods (such as washing powder) straight ahead.

There are 10 years left on the current lease, but this can be renewed for a further 15 year period.

The business has an excellent location in the village of Wolvercote, which is situated 3 miles out of Oxford. The fantastic, residential spot has nearby car parking, good transport links, and no local competition, which should help ensure a steady flow of trade for the new owner. There is also the chance that 700 new homes will be built in the area, which will provide the business with more local customers.

This would be the ideal opportunity for a couple looking to have a great work-life balance.

There is huge potential for growth with this business for someone who is willing to invest further time and energy into the company. Increasing the products and services offered, opening up a small café or even changing the use of the property entirely, could be all great ways to add additional revenue streams. Advertising in the local community and on tourist websites could also be beneficial.

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  • On-site and nearby car parking
  • Good transport links
  • Residential area
  • Close to university
  • Village location
  • No local competition
  • Close to schools
Rent
£18,000
Rates
£0
Lease Term
10
Lease Expiry
2029
Square Footage
TBC
Accommodation Included
Yes
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
D 76-100

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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