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Retail

Convenience Stores

THE BUSINESS Advent Business Sales have been instructed to offer for sale this highly desirable supermarket. It has in the hands of the vendors since March 2008. The premise has been converted from a motor spares business which started up in 1994. Since acquiring the premises, our clients have channelled their efforts into renovating and refurbishing the property to accommodate a supermarket where sales have risen to approximately 18,000 per week. The vendor has decided to sell the business so he can concentrate on other business ventures. The large spacious ground floor modern premise has been fully refurbished. Currently the turnover figure is made up from sales of alcohol and convenience with some grocery sales. Our client has informed us that with imminent addition of newspaper (counter sales only) and increased convenience and grocery products the sales figure will be considerably higher. Payzone, ATM cash machine have recently been added. The surrounding area has approximately 5,000 residential homes, of which the majority uses the shopping area effectively each week. The vendors with the addition of 1 full time and 3 part time members of staff currently staff the business. This business must be seen to appreciate the scale of the operation. The business is well equipped with all fixtures and fittings newly purchase upon requisition. TRADING HOURS Mon Sat: 8.00am 6.30pm Sun: 9.00am 5.00pm EXPANSION POTENTIAL The scope and potential to increase turnover is huge, with the addition of newspapers to this already successful business will increase trade considerably. Currently the vendor has done no advertising therefore the immediate target customers of over 5000 household will further swell the turnover as they realise the business existence. There is a new 25million project that has started recently to build 176 new residential homes approx mile from the shop. FINANCIAL INFORMATION We have been advised by the vendor of the following: Weekly sales: 25,000 Gross Profit: 20% Accounts will be made available to interested parties after a viewing has taken place. Please let us know if you require finance for the purchase of a business. BUSINESS PREMISES Spacious ground floor convenience/supermarket benefiting from CCTV, alarm system, electric roller shutters, commanding a prime location position consisting of the following: Ground Floor Main shop area including till bank of 3 tills and cash and wrap area Central aisle gondolas equate to approximately 200 meters in width of shelf space Perimeter consists of chillers, fridges and racking 1 x 12ft drinks chiller 1 x 10ft dairy and fresh produce chiller 2 x 6ft Coca Cola fridges 2 x mini Coca Cola fridges 8 x chest freezers 1 x ice cream fridge Large stock room area to rear of main shop with secured receiving area Kitchenette/wc and office External Paved to large shop front with free parking directly in front of the premises TENURE: Leasehold Original lease: 25 years Remaining lease: 25 years Review every: 5 years Rent: 12,000 per annum for the 1st 5 years and then 45,000 thereafter. We are advised that the annual business rates are currently: 11,200

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