Easy Hours (8am - 4pm), Monday–Saturday, Newsagents, and Convenience Store in the busy Worcestershire Shopping Centre. All countertrade.
Established for over 20 years. Current owner since Dec 2015. Genuine retirement sale.
a loyal, friendly customer base, with consistent trade.
Business Overview:
- Leasehold, lock-up shop.
- 6 Days opening (Mon-Sat).
- Easy Hours (8am–4pm). Opportunity to open longer hours as the shopping center is open between 7:30 a.m. and 6pm (Mon-Sat) & 9 a.m. and 5pm (Sun).
- Run by 1x full-time owner with the help of 1x part-time staff (16 hours per week, minimum wage).
- Weekly takings average £8k (All countertrade).
- Weekly services additional (PayPoint and Lottery) average £15k.
- Total weekly revenue averages £24,750.
- Total weekly commission averages £265 per week (PayPoint and Lottery).
- Current rent payable: £11,500 per annum (paid monthly). 10-year lease starting June 2021 with two break clauses available (June 2025 and June 2027).
- Service charge in the region of £5500 per annum.
- No rates payable.
- Total overheads/expenses per year in the region of £30k, including 1 part-time staff wage.
- Ability to achieve £60k net profit per year.
Premises:
- Double Fronted Premises inside the shopping center.
- Shop retail space in the region of 1000 sqft. Two floors with rear stock room areas and shelving.
- Sales counter with 3 tills.
- Staff kitchenette, sitting area, and toilet with WC . and hand basin.
- Shutters on all entrances.
- CCTV and Alarm System.
- Suspended ceiling with newly fitted LED lighting (average monthly electric bills in the region of £265pcm).
- Tiled floor.
- Lots of shelving, card racks, and cigarette gantry.
- 2x Coca Cola fridges.
- Public NCP Car Park attached to the shopping Centre. 1x allocated space for the business.
Opportunity to improve:
- Increase opening hours (the shopping center is open between 7:30 a.m. and 6pm (Mon-Sat) & 9 a.m. and 5pm (Sun).
- Introduce new products (allowable within the lease): ice cream, sandwiches, alcohol, hot food, and drinks (such as coffee, tea, and pastries), frozen goods, and electrical items (such as TVs, smart watches, kettles and toasters, mobile phones, and mobile phone accessories).
- Introduce the post office counter.
- Introduce Uber Eats.
Sale Conditions:
- Buyer and seller to pay for their respective legal fees.
- Buyer and seller to share stock-taker fees.
- Buyer to pay landlord legal fees for lease reassignment.
- A 10% non-refundable deposit to be paid directly to our Solicitors Bank Account to secure the sale (take shop off the market) and start legal proceedings and transfer of ownership process with service providers such as Lottery, PayPoint, Smiths News, etc.
Please DO NOT approach any staff in the shop about this sale.
We will not be disclosing this sale to our staff until a deposit and solicitors are instructed, therefore, we ask for your strict confidentiality.
Strictly no viewings will take place without prior appointment.
Please call to arrange a viewing. A photo ID will be required for security purposes.
We will happily show you around the business, and you are welcome to see the business accounts or any receipts and invoices.
Thank you for your interest.
