Convenience Store And Off Licence In Coventry | | Coventry Warwickshire | | Off licence/Convenience Store Coventry, Warwickshire T/O: £180,000 GP: 20% Huge scope Densely populated area Close to busy main road | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48244
ADVERT IMPRESSIONS : 16,201 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £54,950 | ANNUAL RENT: | £5000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Norton Hill Food & Wine is ideally located in a small parade of complementary shops and businesses in a densely populated residential area. The parade lies just off the busy A4600, which leads from junction 2 of the M6 motorway, just 1.5 miles away, to the centre of Coventry, approximately 3 miles away. The business is located close to a primary school and a hospital. There is ample on-street parking directly to the front of the business.
Business History
Preferred Commercial is pleased to offer for sale this popular convenience store and off licence, which was established by our client in 2009 and which is only now being placed on the market due to our client's other business interests. The store generates a turnover in the region of £180,000 per annum with a gross profit of £20% derived from the sale of general convenience lines and alcohol. There is scope to increase turnover by applying for the Lotto, offering newspaper deliveries and by extending the opening hours, as at present no local shops stay open any later than 8.00pm. Our client spent in the region of £40,000 in 2009, fitting out the shop to the high standard we see today. We feel this represents an ideal opportunity to acquire a popular convenience store and off licence with immense scope for further growth. Early viewing must come highly recommended.
Financial Details
T/O: £180,000 approx.
GP: 20%
Payzone: £800 per week
Opening Hours
Mon - Sat: 7.00am - 8.00pm
Sun: 8.00am - 8.00pm
Accommodation Details
Ground floor mid-parade lock up unit. Briefly comprising:
Ground Floor
• Main sales and display area fitted to suit trade with retail counter with electronic cash register and large confectionery display, cigarette gantry behind, counter news, free standing bagged sweet display, card spinner, double 'Lucozade' chiller, 'Walls' ice cream freezer, large double freezer, 2-metre open display beer chiller, 4 foot long open display dairy chiller, 3 aisles with shelving to suit and ATM
• WC
• Electronic controlled shutters to front and rear, 8-camera CCTV system with 30-day digital recording, full ADT alarm system and underage fingerprint system
External
• Owner's parking
• External brick-built store room
• Large front forecourt with 2 x tables for fresh fruit and vegetable sales
Tenure
Leasehold
Original length: 25 years
Remaining: 24 years
Review: every 5 years
Rent: £5,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 1738 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
