Well-stocked Convenience Store in Walsingham

Walsingham, Norfolk
REF: 05381

Asking Price:
£55,000
Annual Turnover:
£333,592
Annual Net Profit:
£34,500
Reduced
Recently Sold
REF: 05381
Photo of Well-stocked Convenience Store in Walsingham

Overview

Tenure:
Leasehold
Established:
1989
  • Range of goods and services
  • Loyal customer base
  • No competition
  • Good reputation
  • High growth potential

A fantastic opportunity has arisen for an interested buyer to acquire a well-respected convenience store in the heart of Walsingham.

Serving the local community for 28 years, the business is now a household name amongst its loyal customers, recognised for its friendly services and range of essential items. The already established business features the necessary foundations by which it can be expanded upon accordingly by a new owner.

The business functions as a convenience store, newsagents and off licence, selling a range of household items including newspapers, confectionery, cards and tobacco. The store also offers a lottery paypoint and Collect plus service whereby customers can collect ordered packages.

The premises possesses all necessary fixtures required for operations to continue running efficiently. Upon entering the double-fronted detached property, customers immediately enter the shop floor. The premises is complete with newspaper stands, two chiller cabinets, a small chiller unit, three larges freezers and shelving displaying bread. The aisles are stocked with wine, sweets, groceries and other products. A till to the rear of the shop holds tobacco and spirits. There is also a stock room which houses stock.

Intelligent Business Transfer are pleased to offer to the market this fantastic opportunity to purchase a reputable business which acts as a cornerstone to the local community, providing a personalised and friendly service.

Extensive opening hours combined with a high-quality service has enabled the store to produce a high annual turnover of £333,592. The business would appeal to a new buyer looking to acquire a pivotal facility of a tight-knit community.

There are various ways by which a new owner could increase the profitability of the business. A newspaper delivery service which would benefit those who are unable to get to the shop in person, could be introduced. Further advertising of the business to extend its reach to inhabitants in nearby towns or villages would help to increase its customer base. This could be done through a website and social media platforms, which could include an online delivery system, promotion of special offers or new stock. The chance to move to a larger premises, as previously discussed with the landlord, may also be possible. This would largely increase storage space and enable a wider range of goods to be ordered.

The current owner has stated that they would be willing to stay on for a transitional period of one month to provide a smooth handover of the business to a new owner.

Intelligent Business Transfer are searching for a suitable buyer.

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
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Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

Annual Turnover
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Annual Net Profit
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Stock at Valuation
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Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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