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Finance And Services:

Business For Sale. Convenience Store, Off- Licence And Newsagents With Living Accommodation

LISTING DETAILS
Firms For Sale ID:
25020
Vendor reference:
AF122
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£175,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed
Years established:
9
Trading hours:
The shop opening hours are 7.00am 10.00pm each day.
Number of employees:
2

OTHER DETAILS
Reason for selling:
The vendors are looking to open a takeaway food outlet and want to concentrate their time and effort on the new venture.
Support and training:
The owners would be happy to help with a smooth transfer of the business in any way possible.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
Yes
PROPERTY DETAILS
Lease terms:
The vendors are prepared to negotiate a long lease to new owners with rent circa 15,000 per annum and rates of circa 500 per annum.
 
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BUSINESS DESCRIPTION
Convenience Store, Off- Licence and Newsagents with Living Accommodation

Ref.AF122
Location Scunthorpe
Asking Price 175,000 + SAV

Located in a small village just oustide of Scunthorpe, this is a perfect opportunity for someone to take over a thriving convenience store with living accomodation and increase the sales and profits within the store.

It was established in 2002 and is the only convenience store within a three mile radius. It benefits from regular repeat customers who live in the nearby residential estate. They frequent the store for all of their convenience purchases, including newspapers, magazines, beer, wines, spirits, frozen foods, vegetable and cigarettes. The nearest supermarket is circa three miles away and there is little competition within the village.

A two bedroom flat with fitted kitchen, bathroom and living room is directly over the shop and could be used either as a rental proposition or as a home for the new owners.

This is a well managed, easy to run business with turnover averaging 11,000 - 12,000 per week. It represents an excellent opportunity to aquire a well located convenience store and off licence, that is well established within the local community with room for growth and expansion.

Expansion Potential
The current market for this business is well established and will remain so for the future. Locals will always need a nearby convenience store and new owners can introduce other lines into the store to increase the turnover.