Easy Hours, Counter Trade Newsagents & Convenience Store Located In Busy Town Shopping Centre. Open Mon – Sat: (8am – 4pm).
Fixed price £75,000.
No Offers. Cash only sale.
Includes goodwill and all major fixtures and fittings.
Stock value approx £25,000.
Buyer must show proof of full funds before a viewing is allowed.
Established for over 30 years. Current owner since Dec 2015. Genuine retirement sale after 10 years.
Loyal, friendly customer base, with consistent trade.
Business Overview:
- Leasehold, lockup shop.
- 6 Days opening (MonSat).
- Easy Hours (8am 4pm).
- Run by 1x fulltime owner with the help of 1x parttime staff (18 hours per week, minimum wage).
- Weekly takings average £7000 (All counter trade).
- Weekly services additional (PayPoint and Lottery) average £14k.
- Total weekly revenue average £22k.
- Total weekly commission averages £275 per week (PayPoint and Lottery).
- Current rent payable £1150 per month. 10year lease starting June 2021 with break clause in June 2027. Lease is renewable.
- Service charge in the region of £875 per month.
- Total expenses per year in the region of £40k.
- Ability to achieve £50k net profit per year.
Premises:
- Double Fronted Premises inside 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 w.c. and hand basin.
- Shutters on all entrances.
- CCTV and Alarm System.
- Suspended ceiling with newly fitted LED lighting.
- 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 parking space for the business.
Opportunity To Improve:
- Open longer hours as the shopping center is open between 8am – 6pm (Mon Sat) & 10am – 4pm (Sun).
- Introduce new products (allowable within the lease): Ice Cream, Sandwiches, Alcohol, Hot Food And Drinks (Such As: Coffee, Tea, And Pastries), Fresh Foods (Milk, Bread, Vegetables, Sandwiches), Frozen Goods, Electrical Items (such as: TVs, Smart Watches, Kettles/Toasters, Mobile Phones, And Mobile Phone Accessories).
- Introduce Symbol Group / Franchise (Premier, One Stop, Nisa, Costcutter etc)
- Introduce Post Office counter.
- Introduce Uber Eats.
Sale Conditions:
- Buyer and seller to pay for their respective legal fees.
- Buyer and seller to share stocktaker fees.
- Buyer to pay landlord legal fees for lease reassignment.
- A 10% nonrefundable 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 solicitors are instructed and a deposit is paid, 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 provide business accounts to serious parties.
This is a cash only sale.
No offers.
Buyer must show proof of full funds before a viewing is allowed.
Thank you for your interest.
