Thriving Convenience Store with Accommodation

Belper, Derbyshire
REF: 04742

Asking Price:
£69,995
Annual Turnover:
£290,000
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 04742
Photo of Thriving Convenience Store with Accommodation
Photo of Thriving Convenience Store with Accommodation
Photo of Thriving Convenience Store with Accommodation
Photo of Thriving Convenience Store with Accommodation

Overview

Tenure:
Leasehold
Established:
1980
  • Second shop premises included
  • High footfall location
  • Impressive annual turnover
  • Two/Three bedroom apartment
  • Scope for further growth

A superb opportunity has arisen for a new buyer to take ownership of a well-established Convenience Store located in Derbyshire.

Trading since 1980, the business serves a large local customer base and has built an impressive level of profitability along with an excellent reputation. The Store retails a wide variety of daily essentials, complimentary services and the property includes a large two bedroom apartment.

With a high annual turnover and longstanding reputation, this is an ideal opportunity for an entrepreneur looking to acquire a lucrative Convenience Store with accommodation.

In operation for over 20 years, this reputable business has developed an impressive level of profitability and has amassed a stellar reputation, serving a large customer base comprised of residents and local employees.
The store retails a wide range of household essentials, food, alcohol, newspapers, magazines and tobacco, as well as providing services such as Payzone and Lottery.

The business is easily recognisable due to its prominent position on a busy main local road, large glass façade and clear signage. The interior décor has been designed to a very high standard with a large serving counter at the front of the store. Beyond this, two aisles showcase the stock using shelving and refrigerated units.
The shop comes with a large, two bedroom flat above with stunning views and a private courtyard to the rear.
The leasehold also includes an empty commercial unit that can be sublet to generate further revenue, used as a seasonal store or utilised to expand the existing convenience store.

Intelligent Business Transfer are pleased to offer to the market a fantastic opportunity for a new buyer to acquire a traditional convenience store, favoured by local inhabitants for its assortment of high quality products/services and cost-effective prices.

Established in 1980, the business has demonstrated consistent growth and now achieves an annual turnover of £290,000.

With a loyal customer base and superb premises, this is an ideal opportunity for an entrepreneur looking to acquire a successful platform with further growth potential.

A motivated new buyer may look to expand the business further by developing the currently unused commercial unit, which has been previously sublet but could be converted into either further accommodation, additional shop floor space or re-let in order to generate further revenue.

By further extending opening hours, a new owner would be able to serve a greater number of customers throughout the week.

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

Location

Property

Annual Rent
£13,000
Annual Rates
TBC
Lease Term (Years)
10
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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