Bereavement Sale Busy Local Ipswich Convenience Store For Sale

Business description

Priced for a quick sale £39,000 + SAV

Rent reduction to £16,500

Reasonable offers considered

Situation

The business is situated close to ITFC Football ground and Ipswich Train Station.
The Shop is a ground floor unit near Suffolk County Council Offices, Ipswich Borough Council and The County Council Customer Service Desk.

The property

A ground floor, unit forming part of a retail parade. With 2 parking spaces and a rear loading bay to the rear.

Description

The business is well fitted and equipped for selling chilled drinks, magazines, sweets, groceries, frozen foods, alcohol, toiletries and household goods, dairy products, pharmaceuticals and cigarettes.
The store is fitted and equipped with three tier ice-cream display units, drinks display fridges, frozen food chillers and CCTV, with a deli counter to the rear.
Lottery and Payzone are both groing after only being introduced in the past 12 months and 3 months respectively.
The business has a free to use ATM and benefits from good lottery sales.

Internal details

Sales area circa 1,100 sq ft
With; Kitchen, Store room, Office, WC to rear circa 400ft
Office and Store room could be removed subject to planning and a cafe facility could be added, bringing extra revenue at high margins.

The business

The premises was built in 2008 from scratch a great expense to the current owners. Since that time, they have grown the business with the support of their Symbol group. The business is being offered to the market due to family loss and other commitments.
The property is situated in a busy unopposed location with a growing customer base.

Trading information

Profit & Loss Accounts for the year ending 31st Dec 2009 show net sales of £411,089 with a gross profit of £109,331
Profit & Loss Accounts for the Year ending 31st Dec 2010 show net sales of £459,141 with a gross profit of £110,863
Full trading information will be made available following a formal inspection of the business.

There is a considerable 'food to go' and lunch trade with room to grow this both during the week and on football match days.

Trading hours

Monday - Friday 8.00am to 6.00pm
These can be increase significantly

Fixtures & fittings

All trade fixtures and fitting are owned outright and will be included in the sale.

Staff

The business is currently run by 1 full time manager + 2 part time staff. The Owner is not involved in the day to day running of the business.

Licences

The property has a Premises Licence granted by the relevant Local Authority. It is a requirement of the licensing Act 2003 that properties serving/retailing alcohol have to have a designated Premises Supervisor who must be the holder of a Personal Licence. Prospective purchasers are advised to take appropriate specialist advice.

Fire risk assessment

In accordance with the Regulatory Reform (Fire and Safety) Order 2005, we have assumed that an adequate Fire Risk Assessment has been carried out where there are more than five people employed within the business.

Leasehold.

The lease is now £16,500 per annum with rent reviews every 5 years, there are 10 years remaining on the lease.

Reason For Sale

Recently lost my Father and Business partner after long battle with cancer. Priced for a Quick sale with plenty of potential for growth.

Viewing

For an appointment to view, please contact the business owner using the 'contact seller' form below.

Property information

Property:

Leasehold

Business Operation

Reasons for selling:

Recently lost my Father and Business partner after long battle with cancer. Priced for a Quick sale with plenty of potential for growth.

Other information

Furniture / Fixtures value:

£35,000 (included in the asking price)

Inventory / Stock value:

£10,000