Valuable Convenience Store in Nottingham

Hucknall, Nottinghamshire
REF: 02913

Asking Price:
£320,000
Annual Turnover:
£206,262
Annual Net Profit:
TBC
Reduced
Recently Sold
REF: 02913
Photo of Valuable Convenience Store in Nottingham
Photo of Valuable Convenience Store in Nottingham
Photo of Valuable Convenience Store in Nottingham
Photo of Valuable Convenience Store in Nottingham

Overview

Tenure:
Freehold
Established:
1950
  • Leasehold option available £60,000
  • Four bed apartment included
  • Very high turnover
  • High footfall location
  • Loyal customer base

For sale here is a large, successful freehold shop and four bedroom apartment in a prime location with a loyal customer base and an exceptional turnover.

It is difficult to find a downside to such a perfect proposition. The populous location, close to the town centre with little comparable competition certainly isn't a downside and the financial success of the business, whose turnover consistently hovers around £300,000 is a definite positive.

All in all, any shop owner, business person or budding entrepreneur who takes over this business will be on to a very good thing for a very reasonable price.

The company trades as a large, owner operated convenience store with an exceptionally high turnover. It serves a loyal customer base from amongst the local community as well as one off walk ins from the nearby town centre and further afield, providing day-to-day essentials, news, alcohol and other convenience store merchandise.

Based in a valuable freehold property which has recently been renovated to a very high standard and is included in the sale along with a generous four bedroom apartment over the shop.

The large corner plot store has floor to ceiling glass frontage which is ideal for advertising and attracting customers in. The spacious shop floor is set out in an L shape, with day to day essentials sold on one side and alcohol on the other.

Where the two areas meet is a counter and POS terminal where sales and management take place.

Intelligent Business Transfer are delighted to offer for sale an extremely profitable and valuable convenience store business with attached four bedroom apartment.

This is an excellent opportunity to purchase a reputable convenience store boasting minimal competition in the immediate area. The business uniquely includes a freehold property which will provide high quality living accommodation to the potential buyer.

Thanks to its reputation, quality stock and loyal customer base, this shop enjoys steady trade with very high returns.
Annual turnover currently stands at £300,000 with minimal overheads. The opportunity to buy such a financially successful business together with living accommodation in a popular area for a very generous price is a rare, valuable one and should be considered closely.

The opportunity doesn't stop with the purchase though: A buyer who already owns a house in the area could change the owner's flat into a separate property to rent, providing an extra profit stream and potentially increasing the asset value.

Increased local advertising via leaflet drops or other printed media will increase custom and extended opening hours will give customers more time to spend money in the store, increasing profits in the process.

The owners, who are selling due to retirement are willing to consider all reasonable offers and able to stay on for a transition period.

Location

Property

Rates
TBC
Accommodation Included
TBC
Freehold Property Value
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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