Sizeable and Popular Convenience Store in South Yorkshire

Doncaster, South Yorkshire
REF: R05921

Asking Price:
£150,950
Annual Turnover:
£396,140
Annual Net Profit:
£94,088
Featured
REF: R05921

Overview

Tenure:
Leasehold
Established:
1990
  • High annual turnover
  • Established for approximately 30 years
  • Recently renovated premises
  • Huge range of stock
  • Prime location

An exciting opportunity to take ownership of a large, popular convenience store and off licence in South Yorkshire.

Trading for approximately 30 years, the business has enjoyed immense success, garnering a great local reputation and impressive financial takings. The store offers a plethora of consumable goods including dry ingredients, fruit and vegetables, tinned foods and condiments, drinks, confectionery and alcohol and cigarettes.

Located within a multicultural community, the business caters to all members through retailing many Eastern European products. It also offers customers a popular pay point service and free cash withdrawals via its external ATM.

A new owner would now be provided with an extensive and well-stocked premise as well as high financial figures to continue running operations effectively and lead the business to increased prosperity.

Operations run from a large double-fronted terraced property which has recently been renovated to an exceptionally high standard. Its bold and brightly coloured signage provides the store with good visibility and entices passing trade. Its frontage offers an ATM for public use and external shelving displays fresh fruit and vegetables.

Upon entering, the customer is met with a considerable choice of goods, arranged in aisles according to product type. A customer counter at the front overlooks the open plan shop floor and refrigerated units lie towards the rear. Beyond the shop floor is a large storage room to accommodate excess stock, as well as toilet facilities for staff use.

Minimal expenditure on advertising solely through leafletting has enabled the business to grow predominantly through word of mouth recommendation.

Well-suited to an owner of a corporate or independent chain looking to expand, or individual looking to take on a highly profitable business, a new owner could take steps to develop the business further.

Introducing advertising via social media would be very beneficial in widening the business’s exposure and attracting new custom. Extending opening hours past 11 pm would allow the store to capitalise on late night trade. A warm food counter would also cater to residents or passers-by looking for a quick and tasty meal or snack and would assist in enhancing takings.

The current owner would be willing to stay on for a transitional period to be discussed.

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  • Central location
  • Complementary businesses nearby
  • Parking available
  • Minimal competition
  • Good passing trade
Rent
£33,727
Rates
£0
Lease Term
New lease to be granted
Lease Expiry
Vendors are freehold owners
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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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