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Business for sale in United Kingdom - Af122-convenience store, off- licence and newsagents with living accommodation-scunthorpe, south humberside

Asking Price:

175,000 £

Real Estate:

Lease

Sales Revenue:

1 £

Net Profit:

1 £

Year Established:

2002

Employees:

Not Disclosed

# of family members employed:

2FT

Location criteria:

United Kingdom/City of London/Scunthorpe, South Humberside

Business types:

Retail

Business categories:

Convenience Stores ; Liquor Stores

Business description

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. equipment: this is a fully fitted and equipped store with fridges, freezers, chillers, cabinets and racking included. There is also a two till epos systenm in place. customer service: the shop opening hours are 7.00am 10.00pm each day. the store has recently introduced a chip and pin facility for their customers and has a pay zone facility key strengths: the key strength of this business is the location nearby to a residential estate and with little other competition in the village or for miles around. a wide range of products are carried in the store and renovations have recently been completed on the property. Apart from the normal goods on sale within the business a small range of pre-packed sandwiches are also sold. growth and expansion: 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.

Additional information

Additional information:	Not Disclosed
Support & training:	The owners would be happy to help with a smooth transfer of the business in any way possible.
Reasons for selling:	The vendors are looking to open a takeaway food outlet and want to concentrate their time and effort on the new venture.
Financing available:	Not Disclosed
Inventory / Stock value:	Not Disclosed

Real Estate

Ownership:	no
Lease:	yes
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.
Location:	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. The shop is circa 2,000 square feet with a large store room at the back and large 2,000 square foot extension at the back of the shop currently under construction. This will give the shop extra space to carry a larger range of goods. Above the shop is a two bedroom flat with one double and a single. There is a fitted kitchen with bathroom and a living room. Above the flat is a loft which could be converted to extra bedrooms if required. The vendors have suggested that if the new owners do not wish to live in the flat, a rental of circa £350 per month could be achieved in this area.