An established and profitable convenience store, located in a bustling residential area, is now available for sale. The store has been serving the community for many years and was taken over by the current owner 18 months ago. This well-maintained convenience store presents an excellent opportunity for a new owner to step into a profitable business with room for growth. With low overheads, modern infrastructure, and a secure location
Lease Details
: The store operates under a lease with 8.5 years remaining at a very affordable rent of just £650 per month.
Sole Trader
: The business is currently run as a sole trader operation, offering flexibility for a new owner.
Staffing
: The store employs one staff member, which provides continuity in day-to-day operations for a smooth transition.
Stock & Assets
:
Four fridges
One freezer
Newly installed shelving for optimised product display
Stock at Valuation (SAV): Approximately £25,000 worth of stock, ensuring the store is fully stocked and ready for business.
Included in the sale is £20,000 worth of assets.
Security & Safety
:
Secure Gated Parking
: Convenient parking at the rear of the property offers added security and easy access for deliveries.
16 Camera CCTV System
: The store is equipped with a high-quality 16-camera CCTV system, including a till-reading camera for enhanced security.
Fire Safe System with Panic Button
: The store also features a comprehensive fire safe system and panic button for added safety and peace of mind.
Potential for Growth
:
Scope for Expansion
: The store currently does not offer PayPoint, lottery services, or parcel collection services, leaving substantial room for additional revenue streams.
Full Stock Take
: A full stock take will be completed at the point of sale, ensuring transparency and clarity for the buyer.
Financial Profile
Turnover - £400,000
Further financials can be made available upon request.
