Well-established Convenience Store in Hessle

Hessle, East Yorkshire
REF: R07401

Asking Price:
£27,500
Annual Turnover:
£95,282
Annual Net Profit:
£17,047
Recently Sold
REF: R07401
Photo of Well-established Convenience Store in Hessle
Photo of Well-established Convenience Store in Hessle
Photo of Well-established Convenience Store in Hessle
Photo of Well-established Convenience Store in Hessle

Overview

Tenure:
Leasehold
Established:
1991
  • Huge growth potential
  • Excellent Reputation
  • Very Loyal Customer Base

The business for sale is a popular, well-established convenience store in Hessle, East Yorkshire. The store offers a wide range of services and goods, including essential grocery items; household goods; sweets, crisps and confectionery; beers, wines and spirits; newspapers and magazines; personal hygiene products; pet foods; ice cream and frozen foods; greetings cards and other sundry items.

The present owner has run the business for nearly 30 years, with the business going from strength to strength. It has become a landmark in this pleasant residential area within the popular village of Hessle. The business has a sound client base and also benefits from significant trade from a large secondary school located nearby.
 
Due to health reasons, the current owner is now looking for a purchaser to ensure the continued success of this business.

The business for sale is a well-established convenience store in Hessle. It boasts a solid client base by satisfying a variety of needs as an all-round general store, including: newspaper deliveries and the sale of alcohol.

Customers can enter the store from the main road. To the left of the shop entrance is the main counter, till and confectionery stands. To the right there is shelving which displays papers and magazines. There are other sections towards the rear of the store for alcohol, greetings cards and an upright cooler for milk and dairy produce and chilled soft drinks.

The business is available on a leasehold basis for £3,600 P/A with a remainder of 5 years – however the lease is open to negotiation as a new purchaser requires.

This is a unique opportunity to acquire a well-established and well stocked store in the residential area of Hessle. This opportunity includes taking on the regular and reliable customers who are loyal to this store.
 
This business has excellent potential for growth and could be developed further by considering longer opening hours, and by adding a lottery station and a pay point service.
 
This business would be best suited to a party with experience in the retail trade or a well-established business with a chain of stores who are looking to expand their portfolio.
 
The current owner is willing to stay on for a transition period to ensure the continued success of this business.

Features

Online Presence

Location

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  • Good Transport Links
  • High Footfall
  • Limited Competition
  • Nearby Car Parking

Property

Annual Rent
£3,600
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Year)
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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