Leasehold Newsagents Convenience Store Off Licence For Sale

Business description

Advent Business Sales have been instructed to offer for sale this well established lock up which has been trading for almost half a century.

The current vendor has been in ownership for the past 3 years. After gaining retail experience, they have now decided to move onto a larger and unrelated business venture.

The business offers all the normal traditional lines including:
• Newspapers & magazines - has 9 ‘am’, 1 ‘pm’ and 8 Sunday rounds with average sales of £2,000 per week
• Cigarettes and tobacco – average sales of £1200 per week
• Alcohol – average sales of £270 per week
• General items – approx £500 per week
• Bread and milk sales – average £200 per week
• Lottery and scratch cards– average £2,100 per week
REF: 9308S

TRADING HOURS:
Mon, Tues & Thurs: 5.00am – 6.00pm
Wed, Fri – Sat: 5.00am – 8.00pm
Sun: 5am – 1pm

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 20 years
Remaining lease: 16 years
Review every: 5 years
Rent: £5,000 P.A.

We are advised that the annual business rates are currently: £2,860

Location:

Our client is situated just off a very busy and highly used dual carriageway opposite Tanyard.

The premises are surrounded by a host of complimentary business that attract and ensure high customer footfall. There is ample free car parking to the front of the premises.

The M18 is conveniently located for access to the M1 motorway network.

Premises details:

BUSINESS PREMISES:
The ground floor premises have been recently modernised and briefly comprises of:

Ground Floor
• Roller shutters to front – electric
• Sales counter with cigarette gantry to rear
• Newspaper racking and shelving
• Central gondola
• 2 ice cream fridges
• 2 single vertical drinks fridges
• Exterior camera system covering front and rear of premises
• Alcohol area
• Racking for sweets

Other information

Expansion potential:

A well run, easily transferable business, which offers genuine scope in the following areas:
1. Increasing evening hours to take advantage of the alcohol licence as well as increasing the range of beer, wines and spirits for sale
2. Fresh food and fruit can be introduced, as customers regularly ask for it.
3. Becoming part of a symbol group would also bring further benefits.

Trading hours:

Mon, Tues & Thurs: 5.00am – 6.00pm
Wed, Fri – Sat: 5.00am – 8.00pm
Sun: 5am – 1pm

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