General Convenience Store In Reading Berkshire | | Reading Berkshire | | Convenience Store Reading, Berkshire T/O: £550,000 GP: 26% Scope to increase turnover Well-equipped Established business Loyal customer base | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61522
ADVERT IMPRESSIONS : 7,761 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Off Licences | | SALE: | Agent Sale | LEASEHOLD: | £89,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
A&A General Store is branded as a Nisa Local and occupies substantial ground floor lock-up premises ideally located on a busy road on the outskirts of Reading, Berkshire. The premises benefit from ample on-street parking and are surrounded by a variety of complementary shops and businesses. There are regular buses running through the area and the railway station is within easy walking distance. The business boasts easy access to the A-road network and the M4 motorway is approximately 4 miles away. Reading is a large town 25 miles south of Oxford while London lies 40 miles away.
Business History
Preferred Commercial is delighted to offer for sale this busy convenience store, which was established in 1960 and has been in our client's careful hands since 1995. The business is only now offered to the market due to our client's other business interests. The premises are well-equipped to suit the trade with a large sales area covering approximately 2,000sq feet and a spacious storage room. The business benefits from an excellent reputation and enjoys much repeat trade and word of mouth recommendations. The store benefits from being surrounded by a number of residential areas along with a high footfall from the A329. Our client currently offers a variety of high quality general convenience lines, CTN lines, dairy products, and alcohol products. The business trades 7 days a week and generates a turnover in the region of £550,000 per annum witha gross profit of 26%. We feel this could be further increased by extending the range of products available. We have been advised that there are plans to build a 500 home residential estate in the area, which should generate more trade. This is an ideal opportunity to acquire an already busy convenience store with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £550,000 approx.
GP: 26%
Lottery: £2,500 per week
Newssheet: £500 per week
Opening Hours
Mon - Sun: 7:00am to 11:00pm
Accommodation Details
Substantial mid-parade ground floor lock-up retail premises. Briefly comprising:
Ground Floor
• Spacious sales area with counter, 2 x EPOS electronic cash registers, lottery terminal, tobacco gantry, spirit sales point, Paypoint, large open fronted alcohol display, 2 x large food refrigerators, freezers, 4 x central gondolas, Bake n Bite display unit and shelving for groceries
• Dry store room
• Office with desk and 2 x chairs, filing cabinet and shelving
• WC with wash hand basin
Tenure
Leasehold
New lease to be negotiated
Rent: £30,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2353 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
