Leasehold Convenience Store For Sale

Business description

Bag a Business Ltd is pleased to offer to the market Ashlands Stores, a delightful convenience store, which was established in the 1960s and has recently been re-housed in purpose built premises. It has been in the careful ownership of our clients since 1987. The business is only now offered to the market due to our clients' wish to retire. The concern has been owner run at a pace to suit, although there is vast potential to increase turnover and profits by extending the opening hours and offering a more varied product range. In the main our clients provide off licence and convenience items, which are purchased from the local cash and carry outlets. Currently the turnover is £127,000, achieving a gross profit of £31,750. The rent for the property is very reasonable at £3,200 per annum. Our client would be available for a business familiarisation period if required. Any reasonable offer would be considered by our clients. Early discussions with Bag a Business Ltd must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 20 years
Remaining length: 18 years
Review every: 5 years
Rent: £3,300 per annum
Rates: Rurally exempt

Living accommodation:

PROPERTY DETAILS Brand new purpose built semi-detached property attached to the local community centre, briefly comprising: GROUND FLOOR . 75 square metres in total . Entrance to main retail area with shelving and product displays . Large serve over counter . Storeroom and kitchen to rear . Disabled WC EXTERNAL . Loading area to rear . Area laid to lawn at front

Location:

Ashlands store is housed in brand new purpose built premises, which are council owned. The business is located in an unopposed area within a residential estate. The estate has enjoyed a tremendous amount of growth and redevelopment, which is now almost complete, increasing it by almost 50%. The store also attracts many customers from surrounding villages where there are no such facilities. Newbury is only 5 miles away and the M4 motorway and the A34 offer very good road links to the rest of the country.

Other information

Trading hours:

Mon - Tues: 8.00am - 1.15pm & 3.00pm - 8.00pm Wed: 8.00am - 1.15pm & 4.00pm - 8.00pm Thurs - Fri: 8.00am - 1.15pm & 3.00pm & 8.00pm Sat - Sun: 9.00am - 1.00pm & 4.00pm - 8.00pm