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Preferred Commercial is delighted to offer for sale this busy newsagents and convenience store, which was established in 1980 and has been in our client's careful hands since 2006. The business is only now offered for sale due to our client's wish to relocate. The premises benefit from much repeat trade from the large residential area and also from the high level of traffic on the A-road. We have been advised that a local ferry company has increased its number of services and there is now approximatley 60,000 extra vehicles passing the store per year. The business has the benefit of being the only licenced grocery store in the local area. The premises are well-equipped to suit the trade with two shelved aisles, refrigerators and serving counter and stock a variety of high quality products including grocery lines, chilled drinks, newspapers, alcohol, ice cream and cigarettes. The business currently trades 7 days a week, which generates a turnover in the region of £310,000 per annum with a gross profit of 21%. We feel the turnover could be further increased by extending opening hours and applying to sell lottery tickets. The new owner could, if desired, introduce a hot food take away at the back of the store and establish a delivery service for the area. This is an ideal opportunity to acquire an already popular newsagents and convenience store with a loyal customer base, which has further potential. Early negotiations with Preferred Commercial must come highly recommended.
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