Thriving Convenience Store In Cheltenham, Gloucestershire | | Cheltenham Gloucestershire | | Thriving Convenience Store in Cheltenham, Gloucestershire | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 48301
ADVERT IMPRESSIONS : 11,033 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | This is an excellent opportunity to acquire a long established concern which
has been trading 20 years and owned by the vendor for the past 7 years.
The business operates as a traditional grocers/convenience store with
newspaper and magazine sales (counter only), confectionery, tobacco and off-licence sales. The business
offers quality branded convenience lines, a wide selection of dairy products, household goods and greetings
cards. In addition there is a popular delicatessen counter offering a selection of cooked meats, cheeses and
sweet/savoury lines.
Situated on a busy main road and within a sought after residential area of
Cheltenham, an affluent town regarded by many as the ‘Capital of the Cotswold’, the business is only minutes
walk from the town centre itself. There are a number of quality independent retailers in the vicinity and
adjacent/local traders include a high quality butchers, furnishings retailer, kitchen studio, fireplace retailer,
hairdresser, hardware shop, dry cleaners and estate agents.
Financial information will be made available to bona-fide prospective
purchasers at the appropriate time confirming an excellent level of turnover with high net profits achieved, in
the main due to the fact that the residents in the area are not price conscious. An excellent net operating profit
in the region of £70,000 is generated to a full-time working couple, Professionally prepared accounts will be
made available to bona-fide prospective purchasers at the appropriate time.
Sales for the financial year
ending 31st December 2008 were £295,578 exclusive of V.A.T. generating a
high gross profit of £93,612 (32%). An operating profit in the region of £50,000
was generated to a full-time working couple before finance costs, depreciation,
owners remuneration and taxation.
Professionally prepared accounts will be made available to bona-fide
prospective purchasers at the appropriate time. Sales for the financial year
ending 31st December 2008 were £295,578 exclusive of V.A.T. generating a
high gross profit of £93,612 (32%). An operating profit in the region of £50,000
was generated to a full-time working couple before finance costs, depreciation,
owners remuneration and taxation.
The business is currently run by a sole proprietor with the assistance of:
1 x part-time member of staff working Monday to Friday 9 a.m. to 2 or 3 p.m.
3 x part-time members of staff on a Saturday working 5 hours, 4 hours and 3.5
hours respectively. 2 x part-time members of staff on a Sunday working 9 a.m. to 2 p.m. and
10 a.m. to 2 p.m. respectively.
Monday to Saturday: 7.00 a.m. to 6.00 p.m.
Sunday: 7.00 a.m. to 1.30 p.m.
This is an excellent opportunity to acquire a long established and highly
profitable concern trading from an affluent area of Regency Cheltenham, benefiting from a spacious
and well presented optional two bedroom flat. The business is offered for sale as the vendor intends
to move overseas. An internal inspection is strongly recommended, strictly by prior appointment
through the Vendor’s Sole Agents. | | | | | | FOR SALE | | | | | REFERENCE: | 0418 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
