High Turnover Convenience Store | | Nottingham Nottinghamshire | | HIGH TURNOVER CONVENIENCE STORE - NOTTINGHAMSHIRE Long established and highly reputed business Early viewing essential to fully appreciate | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67054
ADVERT IMPRESSIONS : 5,410 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £275,995 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | HIGH TURNOVER CONVENIENCE STORE - NOTTINGHAMSHIRE
Long established and highly reputed business
Early viewing essential to fully appreciate
Self contained owners' accommodation
Plus two 1 bedroom flats (currently let)
Advised annual turnover of £319,597
Large freehold detached property
Situated in the village of Pinxton
Superb trading location
FREEHOLD
Location
This superb high turnover convenience store is located on a main through road of Town Street (B6019) in the village of Pinxton, just to the west of Sutton in Ashfield town centre. It is situated in a main residential area which provides repeat and regular custom to the business. Mansfield is accessible to the east and Nottingham city centre is also situated within reach to the south. There is a Rail station at Sutton Park Way which is close by. The B6019, A38 and Junction 28 of the M1 Motorway are all accessible.
Business History
Meridian Business Sales are delighted to offer to the market this well appointed convenience store which was established in 1926 and has been owned by our client since 1989. The only reason this superb opportunity is being offered to the market, is due to our clients desire to take a well deserved retirement. Since our client took ownership of the business they have ensured that the property is well presented and maintained giving any new owner a true turnkey opportunity. Our client advises us that the annual turnover currently runs at £319,597 with a gross profit margin of 15%, which is derived from the sale of traditional convenience style goods and alcohol as well as fresh sandwiches and rolls and the use of Paypoint services. The property has two self contained flats with are currently let on an informal basis for £70 per week. This business would ideally suit a husband and wife or partnership and could afford a good standard of living. This is a superb opportunity to purchase an established business, which is a great base to build upon and as such early viewing is highly recommended as businesses of this calibre rarely stay on the market for long.
Financial Profile
Turnover: £319,597pa
Gross profit: 15%
Stock approximately: £25,000
Tenure
We are advised freehold
Opening Hours
Monday: 5:00am - 9:00pm
Tuesday: 5:00am - 9:00pm
Wednesday: 5:00am - 9:00pm
Thursday: 5:00am - 9:00pm
Friday: 5:00am - 9:00pm
Saturday: 5:00am - 9:00pm
Sunday: 7:00am - 9:00pm
Accommodation
Two storey semi-detached property offering retail space, owners' accommodation and two self contained flats, briefly comprising of:
GROUND FLOOR
Glass fronted property with highly visible advertisement sign and secure entrance leading to retail area with fixed wall shelving and island display space, magazine and newspaper displays, chest freezer(s), drinks fridge(s), chiller, serving counter with behind counter alcohol and cigarettes displays, cash register and Paypoint. Secure access to storage room and office with computer systems and paperwork storage.
Owners' Accommodation
Living room, dining room, kitchen, double bedroom and bathroom.
FIRST FLOOR
Two self contained flats both with lounge, kitchen, double bedroom and bathroom. (These are currently let out at £70 per week)
EXTERNAL
Gated access to large rear yard with parking for approx 8-10 vehicles plus large outbuilding with scope for development (currently used for storage).
| | | | | | FOR SALE | | | | | REFERENCE: | 2727 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
