Business for Sale in Kidderminster, Worcestershire - CONVENIENCE STORE & OFF LICENCE IN KIDDERMINSTER - Leasehold: £140,000

Key Information

Ref
GOT32894K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Annual Sales
£393,725 Ex Vat
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Well Presented c.1200 Square Foot Sales Area

Desirable Trading Location

Retirement Sale. Same Owners Since 1985

29% Gross Margin

Parking to Front and Rear

Leasehold £140,000

Description and Trade:

A well fitted and attractively presented business situated in a pleasant village area of Kidderminster. The multi fronted store has a prominent trading location on the busy A449 road. It has customer parking to the front and to the rear.

The trade is that of general groceries, news and off licence products etc. It also has the benefit of being a national lottery outlet. The business is a member of the Best One buying group.


Premises:

The spacious Sales Area (c.1200 sq. foot) has a suspended ceiling with concealed lighting, fully fitted wall and double sided gondola shelving, and news display racking. Fixtures and fittings include run of refrigerated off licence shelving, two chest freezers, large dairy products cabinet, upright drinks chiller, two ice cream freezers, greetings card display unit, serveover checkout with cash register etc. Air conditioning is installed.

Due to the fact that previously this store was three separate retail shops there are several Stock Rooms, Stock Areas, Kitchens etc. There is scope, if required, to utilise these areas for some additional type of business.

Comments:

A lovely family operated business, having a desirable trading location that has been in the present owner’s hands since 1985, and is only on the market due to their retirement plans. Takings could be increased by extending the evening opening hours, especially on off licence sales.

Our Client Informs Us That:

Takings and Profitability:

Accounts to y/e October 2015 show sales of £393,725 (excluding VAT) with a gross profit of £115,206 (29%). There is also extra commission income of around £10,000 per annum from lottery, fee paying ATM, payzone and paypoint.

Trading Hours:

6.45am – 9.00pm Monday to Saturday

7.45am – 8.00pm Sunday

Staff:

Operated by a husband and wife team without the need for extra staff.

Tenure:

Leasehold. Held on a 15-year lease from 2011 at a present rent of £20,000 per annum.

Price:

£140,000 plus stock at valuation for the lease, business, fixtures and fittings.

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