Convenience Store & PO In Hanger Lane Area For Sale

Business description

• Good volumes of traffic and pedestrian flow.
• Post Office salary c£36,000
• Prominent location main road position.
• Annual Sales CIRCA £130 - £140K.
• Approx 600sq ft retail space.
• Excellent potential to increase sales

The asking price of £60,000 is for the retail business only.

There is the opportunity to purchase the whole business including the Post Office asking price £140,000


This is a fantastic opportunity to acquire a thriving business which has been built up by its current owners.
Description

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure and full repairable renewable lease at a rental of £14,000 p.a. with 9 years remaining exclusive of rates with 5 yearly reviews.

Location:

The business is prominently situated on a corner position on a main ‘A’ road, serving a densely populated residential area. Within a short walk to Hanger Lane and Park Royal underground stations.

Premises details:

The business is a well-established convenience store and Post Office enjoying an excellent location, and has established itself in the area with a strong regular customer base as well as passing trade.

The sales area is in the region of 600 sq. ft. It has a tiled floor, suspended ceiling with fluorescent lighting, and is well equipped with freezers and open cool display units, modern adjustable shelving, coffee machines, microwaves, counter, electronic cash register, cash point machine it also offers internet access. To the rear of the premises there is a stockroom and small office, there is also rear access to a large enclosed yard with parking for 2 cars. There is ample off street parking to the front of the premises.

The shop is an Oyster Card operator and sells a wide variety of everyday essentials including newspapers, magazines, greeting cards & stationery, soft drinks, sandwiches, fresh coffee, mobile and international phone cards, confectionery, ice cream and sweets.

The store has a licence to sell alcohol as well as a licence to be the only shop on the parade to sell tobacco and cigarettes but our clients have chosen not to sell them currently due to their beliefs.

Business Operation

Expansion potential:

Our client clearly has a successful business and has excellent potential to increase this further as it currently doesn’t have an off licence or tobacco sections and therefore with its busy passing trade throughout the day there is huge potential to dramatically increase the takings and increase the client base as well as increased advertising, and extending the convenience lines, all would increase revenue and profits without greatly increasing overheads. Early viewing is highly recommended to fully appreciate this business.

Trading hours:

Monday – Sunday 7.00am – 12.00 midnight

Employees:

The business is overseen by our client and is run by 5 members of staff with one working full-time in the Post Office.

Other information

Support & training:

The owner would be happy to help with a smooth transfer of the business in any way possible. This is a turnkey business with a relatively short learning curve for any new owner.

Financing available:

If you are buying a business or commercial property we can assist you with your finance needs. Our commercial finance partners can assess your circumstances, secure very competitive rates and assist you in your purchase through to completion. Call our office for more details.