Unique Nottinghamshire Convenience Store Off Licence With Pawnbroking For Sale

Business description

This unique business opportunity incorperates convenience store and off license, and also operates a successful buy back scheme (pawnbroking).

This being one of the fastest growing sectors in retail with profits ranging from 28% to 150% plus.
This coupled with the stability of the convenience store and off license trade offers a unique business opportunity with vast potential for growth,

The convenience store has only been a open for little over 2 years and is already and established and constantly expanding local business.

The buy back scheme has only been in operation since January 2011 and is already proving a huge hit and is continuously expanding
This is a win win operation with returns on monies lent ranging from to 28% to 150% plus and if monies lent are not repayed the item brought at a fraction at it's cost becomes available for you to resell through the shop.

The business also comes with 3 bedroomed accomadation,

opening hours are mon - fri 8am until 10.30pm
sat 9.30am until 10.30pm
sunday closed

we also close the shop 2 weeks per year for annual holidays.

This easy to run cash rich business is a unique opprtunity not to be missed.

Run by the owners and 1 part time staff.

Leasehold.

Please contact below for further information.

Property information

Property:

Leasehold

Lease terms:

20 yrs negotiable

Leasehold rent:

£7,200 per annum

Living accommodation:

3 bedroomed terrace property on the rear of the shop which consists of : kitchen living room bathroom with bath and shower 2 bedrooms on the first floor 1 attic room.

Location:

The business is close to town centre, in a busy residential area of mansfield nottinghamshire,
with considerable footfall and close to a school.

Premises details:

shop front, 3 bedroomed house on rear of shop,

Business Operation

Expansion potential:

There is plenty of room for expansion as the business has only been operating for 2 years, and is continuously expanding, there is also opportunity to add a newstand to the business as we currently do not hold one, and also having the option of opening on a sunday to increase revenues gives the business plenty of room for growth.

Competition / Market:

There are 2 other newsagents/convenience stores in the area, but as this is a high resdential area there is plenty off business for all, this coupled with our unique buy back scheme and opening hours offers us a great advantage

Reasons for selling:

retirement

Trading hours:

mon 8am until 10.30pm
tues 8am until 10.30pm
wed 8am until 10.30pm
thur 8am until 10.30pm
fri 8am until 10.30pm
sat 9.30am until 10.30pm
sunday closed

Employees:

owners plus 1 part time staff

Years established:

2

Other information

Support & training:

owners offer suffient handover period

Furniture / Fixtures value:

£5,000 (included in the asking price)

Inventory / Stock value:

£15,000