Two High Volume Convenience Stores In Barbados For Sale

Business description

This large, custom designed, convenience store operation is located in the busiest tourism hub in Barbados. It has been successfully operating for over 15 years, creating “go to” destinations.
This powerful business has continually achieved growth in both Total Sales and the Number of Customers served daily. Currently +1,000 customers are served per day.
A complete ‘turn-key operation' that will be generating profitable revenue from the first day.
The asking price is US$800K + inventory for this 2 store operation.
A negotiable long-term lease is included in this sale.
Success in such a situation is easy to visualize.

Property information

Real Estate:

Lease

Lease terms:

The business owner is also the owner of the building in-which the flag ship store is located. A lease is therefore included in the sale. This lease is negotiable to suit both parties.

Location:

The 2 stores are located in the busiest tourism hub in Barbados. They are surrounded within easy walking distance by the largest number of tourism and local beds in the island. Our customers are highly convenience driven and are therefore less price sensitive. This allows more profitable mark-ups to be acheived.

Premises details:

The flag ship store is located on the ground floor of a custom-designed 2 storey building. It was built 8 years ago according to high commercial standards and specifically to support a high volume convenience store. A restaurant is located on the top floor.

The second smaller store is located within the same vicinity. The distance between the 2 stores is ideal due to the walking distances from the prime tourism properties which surround them.

Business Operation

Expansion potential:

There are 3 new hotels and a new entertainment centre within easy walking distance that are scheduled to open over the next year. These guests and staff will provide further growth of sales. We are also in talks to provide pre-ordered 'in-room welcome baskets' to these hotels.

Reasons for selling:

This is a powerful opportunity. This has been a successful family owned business for nearly 20 years. At this time we are aiming to simplify our lives and enjoy our 2 young children.

Trading hours:

Every day 7am-10pm

Employees:

Varies. Approximately 30-40.

Years established:

15

Other information

Support & training:

A negotiable service can be provided by the current owner whereby he can be available to offer all support and information needed.

Furniture / Fixtures value:

$500,000 (included in the asking price)

Inventory / Stock value:

$200,000