Convenience Store For Sale

Business description

Bag a Business is delighted to offer for sale this extremely profitable business that provides the prospective purchaser with spacious and well presented three/four bedroom living accommodation. Horninglow Food & Wine has been under the careful ownership of our clients for the past 6 years, during which time they have overseen an increase in turnover to its current healthy level of £468,000 per year. This is accompanied by an impressive 26% gross profit. The turnover is derived from the sale of convenience goods, alcoholic beverages, cigarettes, magazines and of particular note is the fact that the shop is one of the most successful firework retailers in the area. The business has a loyal customer base comprising local factory employees, residents, school children and commuters. Horninglow Food & Wine is exceptionally well presented and boasts recently refurbished living accommodation as well as a trading area to rival any independent convenience store. The business is only being placed onto the market to allow our clients to focus their efforts towards a thriving unrelated internet business. We feel that this would offer a new owner an excellent base to build upon by possible re-branding the store, introducing deliveries and by extending opening hours.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original lease length: 25 years
Remaining lease length: 21 years
Review every 3 years
Rent: £1.125 per month

Living accommodation:

Two storeys building of brick construction situated underneath a pitched tile roof. Briefly comprising: GROUND FLOOR Open plan retail trading area Large dairy/convenience/drinks display chiller Wide counter with electronic till and pay point Perimeter shelving and racking Free standing display gondolas Office/baked goods prep area Two large storerooms FIRST FLOOR Living accommodation briefly comprising: Kitchen/diner Family bathroom Lounge Dining room/fourth bedroom Two double bedrooms One single bedroom

Location:

Horninglow Food & Wine is located in a prominent position on one of the main routes into Burton-upon-Trent. The business occupies exceptionally large premises that boast a wide frontage. Parking is available in front of the business and on the many side roads. The business is surrounded by several industrial parks and factories. The prominent frontage generates a huge amount of passing trade due to the many commuters travelling into the town, in addition to this the local area is densely populated with privately owned housing. Burton-upon-Trent is a large town in the east of Staffordshire, and is home to many large companies such as Pirelli and Coors brewers, attracting a huge number of employees to the area on a daily basis.

Other information

Trading hours:

Mon - Fri: 8:30am - 10:30pm Sat - Sun: 9:00am - 10:30pm