Convenience Store And Newsagents In Cambridgeshire | | Somersham Cambridgeshire | | Convenience Store and Newsagents T/O: £468,000 GP: 24% Scope to expand business 3-bedroom owners' accommodation Monopoly trading position Established business | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 55780
ADVERT IMPRESSIONS : 7,988 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | LEASEHOLD: | £99,950 | ANNUAL RENT: | £17000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Windsor Green Stores occupies substantial premises ideally located within a densely populated residential area in Somersham, which is close to Huntingdon, Cambridgeshire. The business enjoys a monopoly trading position and benefits from ample free on-street car parking directly outside the premises. There is a local bus route around the housing estate and two schools in the vicinity. Somersham village has a range of shops and other amenities and is close to Huntingdon town, which is approximately 8 miles away. Cambridge and junction 14 of the M11 motorway are approximately 13 miles to the south.
Business History
Preferred Commercial is pleased to offer for sale this thriving convenience store and newsagent business, which was established in 1980 and has been operated by our client since 2005. The business is only now offered for sale due to our client's other business commitments. The extensive property offers a large sales area and 2-bedroom flat above along with a substantial garage. Our client provides a wide range of convenience items and groceries including newspapers, magazines, bread, confectionery, alcohol and tobacco. National Lottery tickets are also available. The business generates a turnover in the region of £468,000 per annum with a gross profit of 24%. We have been advised our client has had planning permission granted to extend the shop premises into the garage area, which already has access from the current sales area. The new owner could increase turnover by extending the evening opening hours, re-introducing the newspaper rounds and by renting out the 2-bedroom flat, if desired. This is an ideal opportunity to acquire an already profitable business which has further potential for expansion. Early negotiations with Preferred Commercial are highly recommended.
Financial Details
T/O: £468,000 approx.
GP: 24%
Newssheet: £576 per week approx.
Lottery: £192 per week approx.
Opening Hours
Mon - Fri: 6.00am to 8.00pm
Sat: 7.00am to 8.00pm
Sun: 7.00am to 8.00pm
Accommodation Details
3-storey premises with retail areas and 2-bedroom flat above. Briefly comprising:
Ground Floor
• Sales area racked and shelved to suit trade, 2-door drinks chiller, 1 door drinks chiller, open chiller, 5 x chest freezers, greeting card display racks, magazine and newspaper display racks, ATM, Lotto stand and central serving counter with confectionery display, electronic cash register and cigarette gantry to rear
• Storage area
• Kitchen with sink unit, 2 x refrigerators, freezer and microwave oven
• Garage currently used for storage with shelving and racking
First Floor
• Lounge
• Kitchen
• Bathroom
Second Floor
• Bedroom 1
• Bedroom 2
External
• Glazed frontage onto residential street with parking layby outside
• Ample on-street car parking
Tenure
Leasehold
Original length: 15 years
Remaining: 15 years
Review: every 3 years
Rent: £17,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2073 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
