Well Established Meltham Convenience Store

Meltham, West Yorkshire
REF: 03764

Asking Price:
£19,999
Annual Turnover:
£196,000
Annual Net Profit:
£15,000
Reduced
Recently Sold
REF: 03764
Photo of Well Established Meltham Convenience Store
Photo of Well Established Meltham Convenience Store
Photo of Well Established Meltham Convenience Store
Photo of Well Established Meltham Convenience Store

Overview

Tenure:
Leasehold
Established:
TBC
  • Excellent Reputation
  • Huge growth potential
  • Low Overheads

This is a great opportunity for an owner operator or an expanding business to buy a well-established convenience store in a great location in Meltham Mills.

The shop has many loyal customers and a great reputation built over many years. It benefits from a weekly turnover of approximately £3000. This means a good income for the owner as gross profits stand at 25 percent.

It would make an ideal, easy to run family business with living quarters included in the low rent.

On offer is a traditional local shop and convenience store with a good turnover and high gross profit margins of approximately a fifth of total income. It is perfectly sized and set up for operation as a family business or partnership. The stock sells usual conveniences, including food, drinks, lottery tickets and cigarettes. There is also a Payzone service available in the shop.

The premises consist of a well fitted traditional shop style unit downstairs and a single flat upstairs, both of which are included in a very low rent on a reasonable lease agreement. The business is well signed at the front with offers displayed for passers-by to see. Inside it is open plan with a serving counter to the right, three aisles of stock and CCTV covering the entire downstairs premises for security.

Intelligent Business Transfer is delighted to offer for sale a popular convenience store on an historic site in Meltham Mills.

The shop is very well respected in the area, having been established as a local convenience store for more than fifty years. The vast majority of local consumers know that it is a great place to get their everyday goods from.
Furthermore, the shop benefits from a good position within the town, bringing many customers by and allowing it to dominate the local market.

A lot of recent investment and hard work from the owner has brought the business a new lease of life as well as a burst of financial success recently. This would be a great investment for a family or couple looking to own and operate a successful business in a nice place to live.

It is a key turn business which is easy to run. There is also a two bed-roomed apartment with office space above included in the very reasonable rent, making it ideal for a family business. It would also make a great bolt on for a bigger business or competitor. The business can be grown easily by expanding the range of stock on sale there or by launching a marketing and advertising campaign, which it currently lacks.

Location

Property

Annual Rent
£9,000
Annual Rates
TBC
Lease Term (Years)
TBC
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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