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Convenience Store With Popular Western Union Money Service For Sale

Feltham, London
Asking Price:
£49,500
Turnover:
£100,000
Net Profit:
Available on request

Business
Hilton Smythe are delighted to present to the market a newly refurbished and growing local convenience store to the open market. Recently purchased by our client earlier this year, the business is reluctantly offered for sale as our client has been offered a new job.

The business offers an excellent selection of confectionery, ice creams, cold drinks, cigarettes, household goods, wines and beers, convenience foods, groceries and a Payzone. They have recently added the Western Union Money transfer service which is very popular due to the number of Eastern European families in the area. Our client is also introducing a new range of Eastern European food products not available in any comparable business in this area.

Our client has also just secured the sale of newspapers, RIC money transfer, large £1 value range of goods from major supplier and is awaiting the confirmation of a new lottery terminal. He has also been approached to install an ATM machine which will be free to use.

The alcohol licence in place allows the serving from 8am -11pm 7 days a week.

Currently run to suit our client, extending the hours in both the morning and evening could easily double the existing sales levels, adding the sale of travelcards and Oyster cards could further attract a reliable extra footfall in the morning. Opening earlier would also increase the new newspaper sales and potential to add local newspaper deliveries would also
increase shop footfall.

The very long lease is an added bonus, current rent from the 4 bed accommodation is £1,250 per month which over the year means the business rent would only be £2,400. However, our client informs us the previous owner rented the rooms separately and earned over £2,000 per month, allowing the business to make money.

Location
Nishi Superstore occupies a highly visible trading position on Rochester Parade, Feltham in the borough of Hounslow.

The poplar retail unit sits alongside a selection of complementary businesses including a KFC and busy builder’s merchants which attracts an excellent consistent footfall of builders and locals daily.

The area is particularly known for its large Eastern European community and demand for affordable housing to both rent and buy is high. Feltham is located in south west London and only 2 miles from Heathrow airport.

The nearest mainline station is Feltham which links commuters into the centre of London to Waterloo. The area sits conveniently in between both the M4 motorway to the north and the busy M3 motorway to the south.

The business is lucky to have free customer parking directly outside and located behind.

Premises
Nishi Superstore occupies a highly visible trading position on Rochester Parade, Feltham in the borough of Hounslow.

The poplar retail unit sits alongside a selection of complementary businesses including a KFC and busy builder’s merchants which attracts an excellent consistent footfall of builders and locals daily.

The area is particularly known for its large Eastern European community and demand for affordable housing to both rent and buy is high. Feltham is located in south west London and only 2 miles from Heathrow airport.

The nearest mainline station is Feltham which links commuters into the centre of London to Waterloo. The area sits conveniently in between both the M4 motorway to the north and the busy M3 motorway to the south.

The business is lucky to have free customer parking directly outside and located behind.

Tenure
The business is being sold as a leasehold.

25 year original lease.
18 years remain.

Rent £17,400 (including 4 bed flat)

Hours
The business is open from 11am – 10pm 7 days a week.

Potential to open earlier.

Staff
Owner with the help of a part time and full time member of staff.

Financial Profile
Turnover of circa £100,000 per annum, with a gross profit of circa 30%.

Plus £1,250 per month from the rental of the upstairs flat.

Property information

Property:

Leasehold

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