Large Convenience Store With Unused Shop For Sale

Business description

Advent Business Sales is pleased to offer to
the market this extremely well established
convenience store, which has been trading
successfully since 1983.
The current vendor has been in constant
ownership from this time but is now
reluctantly selling due to a need to retire.
Our client, over the years, has steadily grown
the business and enjoys an excellent
reputation in the local area.
With the opportunity of adding number 19
to the shop on 15/17, the size would become
a very useful 1500 sq ft of selling space.
This makes it very interesting to the groups
with their ‘local mini markets’. The vendor
will consider selling just 15/17.
A very useful, indeed desirable aspect of the
business, is the very large storage area which
has been grown to make use of bulk buying
over the years, added to which a rear loading
bay so that lorries can drop their loads
without problems of traffic congestion.
Present items of sale include:
• Packaged , frozen and fresh foods
• Dairy products
• Household items
• Pet requirements
• Greetings cards
• Wines, beers and spirits
• Soft drinks
• Stationery
• Sweets, snacks and ices
• Spices, condiments and pickles
• Breads and cakes
• Branded medicinal needs
• Bagged household coal
• Tobacco products
• Top up and payzone
Stock at cost is approximately £40,000 -
£50,000.
8820DE

Property information

Property:

Leasehold

Lease terms:

This could be rented out separately
All the properties are flagged to the roadway
TENURE: Leasehold but
freehold considered
Original lease: 12 years
Remaining lease: 12 years
Review every: 3 years
Rent: £30,000 –
all three shops plus the upstairs flats, or:
15-17: £20,000 inc flat
19: £10,000 inc flat
We are advised that the annual business
rates are currently: £2742 (numbers 15 – 17)

Living accommodation:

Numbers 15 and 17: This makes up a large double fronted shop with doorway near the centre. The left hand is a counter and till with rear cigarette gantry and spirits down the left hand side is an ‘off licence’ of beers, wines, ciders and lagers. To the right hand side is a chilled dairy display and cold soft drinks display. In the centre there is a large gondola with frozen food in it.All around these noted areas are the other items on offer. Racking is clean and presentable; goods are tidy and well ordered. Top ups and payzone are available from the counter and an ATM machine is also provided. There is air conditioning in the shop area, CCTV is evident and the shop has electrically powered steel shuttering. At the rear of the shop are there very large storage areas and staff w/c and kitchen area. Both rear storage areas have separate roller shutter loading bays leading to a rear yard and double steel doors onto the back street. The first floor contains a very large family accommodation consisting of a kitchen, bathroom/w/c and five separate rooms – an ideal family quarters. No. 19: This is a separate shop next door, currently empty, which could be added to number 15 – 17 to increase the size to 1500 sq ft and consists of a shop at ground level approximately 25ft deep by 14ft wide at the front. There is access to a cellar which may or may not be required. To the rear of this is a w/c/stock room area and a staircase leading up to a flat. First Floor contains a large lounge area, bathroom, kitchen and a double bedroom.

Location:

Our client is conveniently located in an extremely busy shopping area outside the city of Derby.
This area boasts one of the busiest main roads from the A50, which runs through a densely
populated area of good mixed stock of residential properties.
There are three junior/infant schools nearby plus a college and comprehensive school, it is also a
major bus route. Derby city is on a major rail link to the capital, is close to the M1 motorway and
is near to East Midlands Airport.

Other information

Expansion potential:

This is an ideal candidate for a Sainsbury
local or a similar shopping configuration.
There is additional potential to increase
turnover with news/magazines, lottery,
paypoint and a bigger dairy offer and longer
opening hours.

Trading hours:

Mon – Fri: 8.15am – 10.00pm, Sat: 9.00am – 10.00pm, Sun: 10.00am – 10.00pm

Inventory / Stock value:

£50,000 (included in the asking price)

Related documents:

• Sales paticulars