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Licenced Convenience Store With Accom - Doncaster For Sale

Doncaster, South Yorkshire, UK
Asking Price:
£86,000 Furniture / Fixtures included
Turnover:
£364,000
Net Profit:
Available on request

Main Road Location
Close To Town Centre
Previous Turnover Full Time Hours £364,000
Only Operating Part Time Hours Currently
Projected Gross Profit £100,000+
Further Financial Information Available On Request
Four Bedroom Accommodation
CCTV Fitted Throughout
Family Business
No Immediate Competition
Fully Equipped
Well Presented
Scope To Introduce Lottery
Potential For Parcel Services
Scope For Website & e-Commerce
Potential To Add Social Media
EPC – C

REF 7349 – Leasehold Licenced Convenience Store With Accommodation
Blacks Brokers are pleased to bring to the market this leasehold licenced convenience store with accommodation located in Doncaster, South Yorkshire.

INTRODUCTION
Global Foods was established by our client in this busy area of Doncaster in May 2020, however previously the business traded as Lila Mini Market for around five years. The business offers a wide range of convenience products and is alcohol licenced. It is very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted online.

LOCATION
Global Foods occupies a main road trading position within a parade of residential properties. The area is densely populated and there are a number of local amenities nearby including schools, parks, a large hospital and the bustling town centre. The area is well linked by the A1(M) and M18 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI) this is the most common form of commercial lease. The current lease is a three year lease which began in 2020 at a cost of £161.53 per week. This includes both the business and accommodation.

STAFF
The business operates with our client only in employment supported by family members on an ad hoc basis.

FINANCIAL DETAILS
Global Foods has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has previously had an annual turnover of £364,000 and gross profit of £100,000 when the business was operated on full time hours now the business is only operating on part-time hours to suit the owner. Please note, Covid-19 has affected the revenues, but with the economy opening up, the turnover is expected to increase. Previously, in a normal economy, the previous business was taking around £6,000 per week. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This newly fitted and well established business occupies an enviable trading position in a bust residential area of Doncaster. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours, possibly a delivery service where appropriate. A new website and social media presence could also be very beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SAT: 10:00 - 21:00 SUN: 16:00 - 20:00

Contact Blacks Business Brokers

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