Freehold Convenience Store
Location England
Asking Price Range $250K - $500K
Gross Revenues $676000
Net Profit / Cash Flow $135200
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1968
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description FREEHOLD CONVENIENCE STORE FOR SALE. ASKING FOR œ429,950. Advent Business Sales have been instructed to offer for sale this very well established and popular convenience store with planning permission in place for a 2 storey extension. Established for over 40 years and in the hands of the current vendors for 7 years, it is reluctantly offered for sale due to the vendors other business plans.
Currently staffed by a husband and wife team plus 1 part time member of staff, this convenience store offers a good range of products and services including: convenience goods, alcohol, cigarettes, counter news and magazines, confectionery, pet food, greetings cards, lottery, pay point & cash machine.
It is worth noting that planning permission has been granted for a 2 storey extension to the premises enabling an increase in the sales area, as well as the living accommodation. Within the planning permission, there is also plans for a rear extension to create a sun room, this would enable an additional large double bedroom to the first floor, which is currently used as a lounge. The business has also recently reached an agreement with Western Union, to be a money agent on a 14% commission basis and will be the sole Western Union money agent in the area.
Ground Floor: Door leading into main sales area with centre aisle, well racked and including air conditioning. Serving counter to rear of premises with cigarette gantry to rear. Door to rear of serving counter leading into owners accommodation consisting of: small lounge, fitted family kitchen, door exit to rear yard, door leading to stairs to first floor. First Floor: Landing with doors leading off into 2 large double bedrooms. Large lounge with stairs to loft conversion of large double bedroom. Potential in lounge to create stud wall giving corridor/separate entrance to second floor and creating additional bedroom in this lounge area. We are advised that the annual business rates are currently: œ1,200.
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