Community Convenience Store In Armitage For Sale - Armitage, Staffordshire, United Kingdom

Asking price: £360,000

Sales revenue: £283,000

Net profit: £26,000

Business description: With its village location, just outside Rugeley, this business has been an important aspect of the community for nearly 50 years. The detached property offers modern accommodation and a thriving business but also a quality of life gained only in such semi-rural locations as this. The store operates mainly as a newsagents and tobacconists with only a small supply of convenience goods sold. 12 daily news rounds ensure a large customer base. Car park spaces outside and the Post Office next door ensure a good footfall. There is a great opportunity for a new owner to expand the opening hours, range of convenience goods, apply for an alcohol licensce and introduce paypoint/payzone facilities to increase turnover. Sales space can also be extended into the rear of the premises whilst maintaining ample living accommodation upstairs. The large rear garden is just a bonus on this type of premises. Turnover for 2008 was £283,000 Please contact below for full details.

Years established: 50

Employees: 2 part time

Trading hours: Monday - Saturday, 5:30am - 6pm Sunday 5:30am - 4pm

Property : Freehold

Living accomodation: The living space gives a kitchen, large lounge and toilet downstairs whilst there are 3 double bedrooms upstairs. A 4 bedroom/study and recently refurbished family bathroom are also upstairs. The standard of finish throughout the living accommodation is good.

Location: The village of Armitage, just outside Rugeley in Staffordshire.

Expansion potential: Extended hours, an alcohol licence and an improved range of stock are all options to increase revenue.

Competition / Market: There is no competition within the village

Support & training: A full handover can be negotiated.

Reasons for selling: Our client has full time work commitments which do not allow him to capitalize on this business.

Financing available? The Business Partnership work closely with a number of financial organisations who specialize in raising funds for business purchases. Please let us know if you would like to get in touch.

Related documents:  Sales Particulars C1144