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Long Standing Convenience Store Business

Tidworth, Wiltshire
Leasehold Price:
£83,000
Status
FOR SALE
Advert ID
252317
Reference
B05680 / Rightbiz
01204556300
Business
Hilton Smythe welcomes to the market Londis Parkhouse Stores. This fabulous convenience store and off license is in an ideal trading position serving the local community. The business has been established for over 50 years and been in the hands of our clients for the last 8 years.

The store currently stocks grocery’s, alcohol, confectionary, hot and cold drinks and other perishables. The business currently trades 7 days a week and generates a turnover in the region of £400,000 per annum.

The store also offers a lotto and Pay Point with a mobile part time post office, there is scope to add more delivery services should the buyer desire.

There is also plenty of scope to increase revenue, such as opening longer hours, adding news sales, offering a news delivery and embarking on modern marketing schemes. 

Reasons to buy:

  • Excellent area, providing ample footfall
  • Low overheads
  • Scope for expansion
Also included in the rent is a 4-bedroom flat with large garden and garage.

Viewings are by appointment only and to be arranged via Hilton Smythe.



Location
Londis Parkhouse Stores is in Shipton Bellinger, Tidworth.

The business is surrounded by a pub, social club also a park and primary school which benefits from a high volume of footfall and passing trade. The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the business.

The area is also well served by the A-roads.



Premises
Large fronted store, which is renovated and fully kitted out to suit the trade.

Through the entrance of the shop is the retail shop, with a storage room.

Equipment included in the sale comprises of:

Garage;

  • Walk in Chiller
  • All Wooden shelving
  • Stock Room:
  • All metal and wooden Shelving
  • Bake Off Oven
  • 1 X Chest Freezer
Shop;

  • 1 X large food freezer
  • 1 X small ice cream freezer
  • 1 X walls ice cream freezer
  • 3 X up-right chillers for soft drinks
  • 1 X 3.75-meter food chiller
  • 1 X 3.75-meter beer chiller
  • 1 X Shop Counter
  • 1 X Cigarette gantry (from Gallahar Tobacco Company)
  • 1 X National lottery terminal (from Camelot)
  • 1 X Epos till
  • 1 X Backoffice system with Colour Monitor
  • 1 X Credit/Debit card machine (from Pay Point)
  • 1 X Pay Point terminal (from Pay Point)
  • 1 X Slush machine
  • 1 X Weighing machine
  • 1 X Colour monitor (for CCTV)
  • All metal and wooden shelving within the shop premises
Dining/Office Room;

  • 1 X CCTV system with eight cameras plus a colour monitor with monitor stand
  • 1 X Burglar Alarm system
  • 1 X Metal cupboard (lockable used for cigarette stock)
  • 1 X Wooden desk
  • All metal and Wooden shelving
Kitchen;

  • 1 X cooker
  • 1 X fridge & freezer
  • 1 X washing machine
  • All Wooden units
Flat;

  • Carpets
  • Curtains and Light fittings
  • 1 X Wooden wardrobe
Post office;

  • All fittings and shelving.


Tenure
We are advised the business is being sold as a Leasehold.

Original lease length:  9 years.

Remaining lease length: 1 year 6 months as of 2019.

Rent: £ 13,000 per annum.

No Business Rates

Flexibilty of landlord to renew



Hours
Monday 07:00 - 21:00

Tuesday 07:00 - 21:00

Wednesday 07:00 - 21:00

Thursday 07:00 - 21:00

Friday 07:00 - 21:00

Saturday 07:00 - 21:00

Sunday 08:00 - 18:00



Staff
The business is run and managed by our client with the help on one part time member of staff and 3 paper boys.



Financial Profile
Londis Parkhouse Stores generated an advised turnover of circa £400,000 as of the 2019 accounts, with a net profit.



Listing Details
Leasehold Price: £83,000
Tenure: Leasehold
Location: Tidworth, Wiltshire
Marketed By: Hilton Smythe
Sector: Convenience Stores, Off Licences
Financials
Annual Turnover: £400,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: B05680 / Rightbiz
What's nearby
Within 1 milei:
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Atlantic Fish Bar (Restaurant)
The Ram (Bar)
Moving Out? Complete Cleaning services. £29/ room carpet cleaning, oven £48 (Laundry)
Plainrovers (Car Dealer)
MSM SERVICES LTD. (Car Repair)
Wiltshire Police (Police)
SPAR (Convenience Store)
RMI Contracting Ltd (General Contractor)
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