Business for Sale in Witney, Oxon Convenience Store

Leasehold Price £90,000

Key Information

Reference
S34387OX
Tenure
Leasehold
Status
For Sale
Region
Oxon
Sector
Convenience Stores
Weekly Sales
£10,000.00 Exc. VAT
Rent Payable
£33,333 plus VAT
Business Rates
£14,659
Accommodation
No

Business Information

We are delighted to offer this thriving convenience store located in this popular Oxfordshire location which is approximately 12 miles from Oxford.

The business is independently owned and has enjoyed an uplift in sales since the current owner has taken over. It is staff run and has further potential for growth. It is a great location with good footfall surrounded by a range of independent and national brand businesses. It is located in the heart of this popular Cotswold Oxfordshire town which is accessible from good road and rail links. It is surrounded by bars, cafes and retail shops which draws in a good footfall. The premises are of a good size and benefit from a good window display with doors opening to the main store, which has an abundance of space with fitted and freestanding shelving that houses newspapers, magazines, confectionery, groceries, cold food and dairy products. It also has stairs leading to the first floor which has a good storeroom, kitchen and WC facilities. Outside it has a space for delivery and 2 secure parking spaces which are available to rent.

An established business operated by an independent operator, operating as a convenience store/newsagent retailing newspapers, magazines, books, groceries, drinks and confectionery. It also benefits from a Lottery Terminal and has enjoyed an uplift in the last few months from being well run and increasing newspaper and tobacco sales. The premises is also licensed to sell alcohol. Open 7 days a week: Monday to Saturday 7.00 am to 6.00 pm and Sunday 7.00 am to 4.00 pm.

The vendor informs us that since they have taken over in September 2020, average weekly sales are £9k to £10k per week excluding VAT. EPOS readouts are available for serious enquiries who sign an NDA. Staff: Manager £9.00 per hour x 50 hours per week,1 Sales Assistant £8.75 x 30 hours per week,1 Sales Assistant £8.87 x 30 hours per week.

Leasehold with a current rent of approx. £25,000 Plus VAT.

Price: £50,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings and Equipment (according to inventory) plus stock at valuation.

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Thames Valley

Your Regional Director Vito Iannelli

Berks & Oxon

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