Freehold Convenience Store In Weymouth With Accommodation For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £650,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- An ideal purchase for a husband and wife team or family
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a wide range of general convenience lines including off license, dairy, fresh fruit and vegetables, meats, frozen foods and toiletries. The business also has an in-store bakery offering freshly baked savories and sandwiches sells newspapers, magazines, the national lottery and has an ATM.

History
Phoenix Business Transfer Agents are delighted to place onto the market this very busy freehold convenience store which has been established since the 1930’s. The business has been in the hands of the current owner since 2004 and she now wishes to sell due to retirement.

Services
This very good business opportunity provides a wide range of general convenience lines including off license, dairy, fresh fruit and vegetables, meats, frozen foods and toiletries. The business also has an in-store bakery offering freshly baked savories and sandwiches sells newspapers, magazines, the national lottery and has an ATM.

Staffing
The concern employs 4 full time and 5 part time staff. The wages are £76,743.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business utilizing the leaflet drops to local residential areas carried out by Spar.

Competition
As far as competition is concerned there are 2 other similar businesses within a half mile distance.

Market
The client base consists of local residents with high volumes of passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to take better advantage of the off license sales.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Property:

Freehold

Living accommodation:

On the first floor there is a very well presented self contained 3 double bedroom apartment with living room, dining room, kitchen and bathroom with a spacious roof top terrace above. Second Floor On the second floor there is a spacious roof top terrace with all around views including down towards Portland and the sea front.

Location:

- Situated in the Wyke Regis area of Weymouth in Dorset.
- Prominent location on main arterial road.
- Excellent free parking facilities in front of the store.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A354, A35 and A37.
- Dorchester, Wareham and Lyme Regis all lie close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area

Premises details:

The property is terraced, part of a parade of shops and is approximately 800 sq ft. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled with middle aisles and shelving to the walls. It is very well presented and is very conveniently laid out.

To the rear there are two store rooms and an office. There is a toilet and staff facilities

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to take better advantage of the off license sales.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce

Competition / Market:

As far as competition is concerned there are 2 other similar businesses within a half mile distance.

Reasons for selling:

Retirement

Trading hours:

Monday to Sunday 6.00am – 9.00pm

Employees:

9

Years established:

1930's

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£35,000 (included in the asking price)

Inventory / Stock value:

£40,000