Thriving Leasehold Convenience Store In Rushden For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £338,000 with a net profit of £40,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner wishes to re locate.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a convenience store and off licence.

History
Phoenix Business Transfer Agents are delighted to place onto the market this leasehold convenience store and off licence in Northamptonshire which has been established since 1980. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to relocation.

Services
This very good business opportunity provides a convenience store and off licence.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of locals, regulars and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include more varied products.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 16 years with 13 years remaining. The rent is £12,000 pa. The lease may be renewable or negotiable for longer term if required. The rates are £2,400 pa.

Leasehold rent:

£12,000 per annum

Living accommodation:

First Floor On the first floor there is the living accommodation with 2 large bed rooms, a lounge and a dining room as well as a fully equipped kitchen. Second Floor On the second floor there is a large loft conversion used as a flat.

Location:

- Situated in Rushden in the Wellingborough area of Northamptonshire.
- Prominent location just off main arterial road.
- Excellent free parking facilities.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the main arterial road through the town.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area

Premises details:

The property is terraced and is approximately 25ft x 40 ft. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with two aisles and shelving and racking to the walls. It is very well presented and is very conveniently laid out.

To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the product line to include more varied products.

Competition / Market:

There is no local competition

Reasons for selling:

relocation

Trading hours:

Monday to Thursday: 6.30 am – 10.30 pm
Friday and Saturday: 6.30 am – 11 pm
Sunday: 8 am – 1 pm

Employees:

The concern employs no staff and is family run

Years established:

1980

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Furniture / Fixtures value:

£10,000 (included in the asking price)