Supermarket Convenience Store Off Licence For Sale

Business description

With a retail outlet recently converted to a very high standard at a cost of £130,000 and launched by the current Owner in mid July, this is a busy independent supermarket / grocery / off licence offering Polish food, magazines and food takeaway, prepared on site and serving the local community. This business is situated on the high street of a main south coast seaside town and enjoys an excellent passing trade as well as huge numbers of staff from the many offices there are in the local vicinity. Occupying the ground floor it is double fronted and is approx. 1500 sq ft of retail area with office and store room to the rear. It is also fully DDA compliant and the floor is to EU specification.

The business currently generates a weekly turnover of approx. £13,000 through a nationally recognised buying chain, which has been achieved in just seven months of trading derived mainly from the sale of all the normal ‘corner shop’ lines including convenience and frozen foods, dairy products, household goods and groceries, fresh fruit and vegetables as well as sweets, confectionery and snacks. It also has an off licence, Polish food, magazines and food takeaway.

This business is ideally placed in the High Street of a major south coast resort town, generating high levels of passing traffic throughout the day, seven days per week. It has had its application for 24 hour trading passed and has started 24 hour opening as from the middle of March 2008 so stands to benefit tremendously from this additional trading.

Property information

Location:

The double fronted premises comprise approx. 1500 sq ft of prime high street retail area with commercial kitchen and store room and office to rear. This has been fully fitted out to a high standard in July 2007 at a cost of £130,000. It is fully DDA compliant and the flooring meets the latest EU specification in a Sasco protection area.

The premises are leasehold with four and a half years remaining of a five year renewable lease. Rent is approximately £85,000 per annum with Rates payable of £32,580 per annum.

Other information

Expansion potential:

There is an outstanding opportunity to build on the existing products and customer base of this company. With a strong demand for the products combined with a capacity to increase turnover, a new owner contributing fresh ideas and investment in resources will have every advantage of building on an excellent platform.

Building on the fast growth of this business will not be difficult as turnover of £13,000 has been achieved after just seven months of trading and with the potential of opening 24/7 in this busy area with a customer base operating on a 24 hour basis there is a huge growth potential. In addition to this there is a great deal of potential still left in producing food on the premises for takeaway in the commercial kitchen that has been built for this purpose.

Competition / Market:

Acting as a valuable community store and open for long periods each day throughout the week, and situated in a prominent location, this business has little need of advertising and marketing, although they do deliver approx. 4,000 leaflets to the area per month.

Support & training:

The owner will provide full familiarisation, training and handover to ensure a smooth transfer of the business to new Owners.

Reasons for selling:

This is a genuine opportunity that has arisen due to unforeseen health issues the vendor and his wife have suddenly encountered.

Trading hours:

The supermarket is currently open between 7.00 am and 11.00 pm but has been just had twenty four trading licence granted which includes the sale of alcohol during this time.

Contact the seller