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Long Established Licenced Convenience Store - Kent For Sale

Royal Tunbridge Wells, Kent, UK
Asking Price:
£129,950 Furniture / Fixtures included
Turnover:
£523,180
Net Profit:
Available on request

High Street Trading Position
Annual Turnover £523,180
Additional Income From Lotto & Paypoint
Gross Profit TBC
Further Financial Info Available After Viewing
CCTV Fitted Throughout
New Lease To Be Negotiated
Fully Equipped
Scope For Additional Product Lines
Potential To Open Longer Hours
EPC - C

REF 7039 – Leasehold Licenced Convenience Store
Blacks Brokers are pleased to bring to the market this leasehold licenced convenience store located in Royal Tunbridge Wells, Kent.

INTRODUCTION
The business was established in this densely populated area of Royal Tunbridge Wells in 1969 and our client took ownership in 2018. The business offers a range of convenience products and services including National Lottery and Paypoint. It has become 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
The business occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers such as a café and barbers as well as large multiples such as Wilko. There are also a number of schools and housing estates nearby. The area is well linked by the A21 and A26 with good 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 family commitments, 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 lease). This is the most common form of commercial lease. A new lease will be fully negotiated with our client, it will run at a cost of £250 per week.

STAFF
The business operates with one full time and two part time members of staff in employment in addition to our client working on a full time basis in a management role.

FINANCIAL DETAILS
The business has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £523,180. 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 well known and long established business occupies an enviable trading position in a busy area of the town. The impressive trading history 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 and possibly a parcel collection and drop off service. 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 - SUN: 07:00 - 22:00

Contact Blacks Business Brokers

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