Community Convenience Store In Exeter For Sale

Business description

This is a very profitable convenience store that provides the local community with all its daily needs, to include;- groceries, counter news & magazines, frozen food, alcohol, confectionery, fruit & veg, greetings cards, tobacco and food to go. They also have the National lottery and a bake off facility.

Most of the business is generated 'walk in' customers who live in and around the local housing estate. Passing trade helps to enhance turnover.

Description:
High turnover Licensed Convenience Store

Trading Hours:
The business trades from 7.00am through to 8.00pm, on a Sunday they don't open until 8.00am. There are no restrictions on opening hours.

Premises Details:
Modern premises in a parade of shops, which include fast food but no direct competition.There is ample street parking. There are local schools and good public transport network.

Training Provided:
Handover and training on the computer systems.

Floor Area:
1000

Property information

Property:

Leasehold

Lease terms:

The property is on a 20 year FRI ( local aurhority) lease which commenced 2006, reviews being every three years. The rent is current £10,000 pa.

Location:

The business is situated in the heart of a large residential area on the outskirts of the City centre. Most of the local properties are under private ownership. This is an attractive and sought after area.

Business Operation

Expansion potential:

The business is currently run under management, new owners who operate the business themselves would doubtless increase sales by immersing themselves in the local community.

Our clients have an other store which is 1.7 miles away,new owners may consider purchasing both stores this would give opportunities with staff planning and maybe opportunities for bulk buying to reduce costs. The other business has turnover of £23k per week and has the benefit of accommodation,

Competition / Market:

This is a local community store and most of the customers are regular and visit the store on a daily basis, there is competition in the City centre which is 3 miles away.Great care care has been taken to stock the store with merchandise that suits the local neighbourhood at the correct price points, thereby ensuring local customers use the store.

Reasons for selling:

Retirement

Trading hours:

The business trades from 7.00am through to 8.00pm, on a Sunday they don't open until 8.00am. There are no restrictions on opening hours.

Employees:

2 FT and 6PT.

Years established:

1980