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BUSINESS REFERENCE : 1578 / RightBiz MULTI FACETED BUSINESS WITH NEWS, OFF LICENCE, CONVENIENCE, PET SUPPLIES, SANDWICH ETC | | | | | | MULTI FACETED BUSINESS WITH NEWS, OFF LICENCE, CONVENIENCE, DIY , PET SUPPLIES & SANDWICH TAKEAWAY - PRESCOT Turnover £603,000 (sandwich turnover £54,000pa) 21% gross profit on retail & 77% gross profit food | | | BUSINESS LOCATION: | Prescot Merseyside UNITED KINGDOM | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SELLER: | Agent Sale | FREEHOLD: | £425000 | | | | | | | | | | | BUSINESS DETAILS: | MULTI FACETED BUSINESS WITH NEWS, OFF LICENCE, CONVENIENCE, DIY , PET SUPPLIES & SANDWICH TAKEAWAY - PRESCOT
Turnover £603,000 (sandwich turnover £54,000pa)
21% gross profit on retail & 77% gross profit food
3 bed flat would suite owners accommodation
Well appointed and presented throughout
Superb central estate location on parade
National Lottery and Paypoint outlet
Densely populated residential area
Virtual monopoly trade in area
FREEHOLD
Location
The business enjoys an enviable corner position on Longton Lane in Rainhill. Rainhill is a suburb on Merseyside approximately 10 miles away from Liverpool and is now primarily a commuter town, mainly for workers in Liverpool but also St Helens and Widnes. Housing is mostly detached or semi-detached and is a mixture of modern and Victorian development and it is home to several sporting clubs including Rainhill Town AFC and Rainhill Cricket Club. A feature of the village is the "Skew Bridge", of sandstone construction, that takes the main road over the railway. The business is amongst other complementary shops and businesses, and this thriving concern also has the added benefit of excellent parking facilities to the front of the premises. The business can be easily reached via the M62 and M57 motorways which are both approximately 2 miles away. Liverpool City Centre (European City of Culture 2008) is easily reached within 15 minutes drive.
Business History
Meridian Business Sales are delighted to offer to the market this highly profitable multi-faceted business which has been established some 28 years and has been in the careful ownership of our clients for the past 10 years. The only reason this superb concern is being offered to the market is to allow our clients to enjoy a well deserved retirement. The business currently achieves an annual turnover in the region of £603,000, £54,000 of which is from the sale of sandwiches, breakfasts, cakes, pies and soups etc. There is huge potential to increase this side of the business with the introduction of deliveries as the business currently provides delivery to the local A&E hospital department which is hugely successful. The retail side of the business provides newspapers, magazines, greeting cards, beers, wines, spirits, groceries, confectionary, ice-creams, soft drinks, crisps, snacks, DIY supplies, home & garden supplies, pet supplies, Paypoint & National Lottery. This highly regarded and respected business enjoys gross profit margins of 21% on retail sales and a massive 77% on food sales. Additionally there is a first floor, self contained flat which could provide spacious family living accommodation which is currently let at £450pcm. On the ground floor there is space for the creation of offices which could be let or converted into retail premises for either a hair or beauty salon or other such use as would not conflict with the trade of the business (STPP). All in all, this is a superb opportunity to purchase a turnkey business in this sector and early viewing is highly recommended.
Financial Profile
Turnover: £603,000pa
Stock: £12,000 (approximately)
Tenure
We are advised freehold
Opening Hours
Monday - Sunday - 7.00am - 10.00pm
Accommodation
Extensive end parade, double fronted property briefly comprising:
GROUND FLOOR:- Double fronted entrance, 2/3 of sales area apportioned to retail sales & sandwiches, 1/3 of sales area apportioned to DIY, garden & pet supplies
Sandwich bar with:
10ft glass fronted display counter, L shaped preparation area, shelving, till, microwave, pie warmer, hot water boiler, griddle, 2 pan bain marie, dualit toaster, fridge
Retail area fitted to suit trade with:
Various display shelving, freezer, serving counter, till, secure cigarette gantry, sweetstars display, Bonds of London sweets display, 6ft chiller for dairy, large Walls ice cream freezer, 6ft Iron Bru chiller, ice cream & lolly freezer, 6ft Lucozade chiller, crisp display, news & magazine racking, greeting card display x 2, lottery terminal, central display gondola
DIY retail area fitted to suit trade with:
Various display shelving, hooks and product hangers, central display gondola
Rear area with:
Storage area & office, additional large storage area with fridge freezer, 6ft single milk chiller, filing cupboard, WC, shelving, base units and sink with drainer. Entry to rentable space.
FIRST FLOOR FLAT:- 3 bedrooms, kitchen, bathroom with separate shower, living room
EXTERNAL:- Side yard area secured with wrought iron gates, parking for 4-5 cars, stepped access to flat | | | | | CONTACT: | MERIDIAN BUSINESS SALES | | TELEPHONE: | 0845 222 0508 | | REFERENCE: | 1578 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
