Thriving Newsagents And Convenience Store In Faversham Kent For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving newsagents and convenience store, which was established in 1980 and which has been in our client's careful hands since 1993. The business trades 7 days a week and generates a turnover in the region of £468,000 per annum with a gross profit of 21% and additional lottery of £78,000 per annum. Jay Stores offers an extensive range of general convenience lines, CTN lines, alcohol, the lottery and greeting cards. The business also has 5 morning newspaper delivery runs a week. We feel the turnover could be further increased from the introduction of PayPoint facilities. There is also scope to extend the range of products available and perhaps offer hot and cold snacks. The business is well-supported by the local community and enjoys much repeat trade. The premises boast a spacious retail area with numerous product displays and a large storeroom. We feel this is an ideal opportunity to acquire a profitable convenience store in such a desirable location with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

New lease to be negotiated
Original length: 15 years
Review: every 3 years
Rent: £4,500 per annum

Leasehold rent:

£4,500 per annum

Location:

Jay Stores occupies semi-detached ground floor lock-up premises, ideally situated in a prominent trading position on a busy road in Faversham, Kent. The business is located in the heart of a densely populated residential area and enjoys a high footfall with much passing trade. The local amenities are nearby, including 3 primary schools. Faversham town centre is just over a mile away and is home to a wealth of complementary shops and businesses, as well as a bus station and railway station. The town is a popular tourist destination with many attractions including the Maison Dieu and 'Greta' Sailing Barge. Faversham is a historic market town, nestled between the rural beauty of the North Downs and the picturesque Kent coast. The premises boast easy access to the A-road network and the M2 motorway is 3.5 miles away. Sittingbourne lies 9 miles away, while Gillingham is approximately 22 miles away.

Premises details:

Substantial ground floor lock-up retail premises in densely populated residential area. Briefly comprising:

Ground Floor
• Retail area with 2 x open chillers, 2 door chiller, chest freezer, newspaper and magazine racks, greeting card rack, central display aisle, alcohol display, serving counter, 2 x electronic cash registers and tobacco gantry
• Storeroom with computer system, racking and shelving, 2 x upright chillers and 2 x electronic cash registers
• WC with wash hand basin

External
• Rear yard

Business Operation

Trading hours:

Mon - Sat: 5:00am to 10:00pm
Sun: 5:00am to 6:00pm