Thriving Convenience Store In Southampton Hampshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving convenience store, which was established in 1990 and which is only now offered to the market due to our client's other business interests. The business trades 7 days a week and generates a turnover in the region of £312,000 per annum with a gross profit of 30%. Best One offers a wide range of convenience lines, CTN lines and hot and cold beverages. We have been advised that the coffee shop is a recent addition to the store and the turnover is increasing. The business has a loyal customer base and enjoys much repeat trade. The premises are well-equipped to suit the trade and have been recently refitted and refurbished to a high standard throughout. There is a spacious store room, which we feel could be converted into further retail space to increase turnover. This is an ideal opportunity to acquire an already thriving convenience store in a walk-in-and-trade condition and with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Original length: 10 years
Remaining: 9 years
Review: every 3 years
Rent: £14,500 per annum

Leasehold rent:

£14,500 per annum

Location:

Best One occupies substantial ground floor lock-up premises, ideally located in a prominent trading position in the city centre of Southampton, Hampshire. The premises are surrounded by a wealth of complementary shops, businesses and amenities. There are numerous bus stops close by and the railway station is within easy walking distance. Southampton Football Club and Southampton City College are both less than half a mile away. The business enjoys a high footfall and much passing trade. Southampton is the largest city in Hampshire and is a desirable place in which to live and work. The business boasts easy access to the A-road network and the M27 and M3 are less than 3 miles away. Portsmouth is approximately 18 miles away, while Bournemouth lies 30 miles away.

Premises details:

Substantial ground floor lock-up retail premises in city centre location. Briefly comprising:

Ground Floor
• Large shop area with multiple product displays, 2 x electronic cash registers, tobacco gantry, ATM and shelving
• Spacious store room and office

External
• On-street parking to the front

Business Operation

Trading hours:

Mon - Sun: 6:30am to 10:30pm