Superb Convenience Store In Canterbury For Sale

Business description

The business has an outstanding location in a very pleasant residential area close to Canterbury city centre with a number of universities and colleges nearby. With a spacious retail area of approximately 1250 sqft, the shop is extremely well-equipped for the trade having been fully fitted and equipped just 4 years ago. There are high-quality fixtures & fittings throughout the store together with modern CCTV and EPOS systems. The property has good storage and office facilities together with a very useful kitchen area which is used for the preparation of takeaway food. This lock-up unit is fully air conditioned and has the added benefit of a private parking area to the rear of the shop with space for 3 cars.

This is a profitable and professionally run business which clearly still has great potential for further development. The shop sells a wide selection of convenience goods including newspapers and magazines with a weekly news bill of approximately £2,500 and 12 newsrounds in the local area. The shop has a thriving food-to-go section and, in view of the location, there would seem to be ample opportunity to further extend the range of takeaway food available. National lottery facilities will soon be introduced, and new owners will also see the potential to extend the opening hours and, perhaps, to develop the existing off licence facility. The shop is fully managed at present with the owners working in a supervisory role.

The premises are currently held on a 10-year lease from 2007 at a current annual rent of £15,500. We understand that a new 20-year lease will be available to new owners of the business, if required. Weekly retail sales are approx £13,500 plus Paypoint takings of £3,000. On the most recent trading accounts, the annual Gross Profit is £163,020. With the business already producing strong trading results, new full-time working owners might expect to achieve annual net profits in excess of £100,000.

Leasehold £195,000. Ref: G27060Z

Property information

Property:

Leasehold