Established International Convenience Store in Kings Lynn Norfolk Up for Sale
Kings Lynn, Norfolk
- Status
FOR SALE
- Date Submitted:
10/12/20
- Advert ID
269775
- Reference
B05983 / Rightbiz
- Call Agent:
- Leasehold: £64,995
- Turnover: £288,529 (£5,549 Per week)
- Net Profit: £9,961 (4% Profit margin)
Business Details
Well established international convenience store for sale
BusinessPlease quote reference B05983
CoGoGo is delighted to welcome to the market Bierdronka International food centre, a well-established and busy convenience store and grocery store, which is ideally located at Tower Place, Kings Lynn.
The business was established by our client 5 years ago. During this time, the owner has gained an excellent rapport with the customers. Only now is the business being offered to the market due to family health issues.
Our client offers a variety of goods including frozen and fresh international food produce, confectionery, soft drinks, ice cream and alcohol products.
The shop is fully kitted out to suit the trade with ample fridges, freezers, storage and display stands, including paypoint and payzone machines.
There is also scope to increase the turnover such as adding news rounds and news sales, tobacco sales, delivery services etc.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewings must come highly recommended to avoid disappointment.
Location
Bierdronka is located in Kings Lynn within Norfolk, centrally located at 6 Tower Place. This prime location allows for all year-round passing trade and heavy footfall.
Being located close to the town centre there are numerous transport links close by.
There is also a customer car park for 8 cars.
Premises
The shop is fully kitted out to suit the trade, with excellent eye catching signage.
Upon entrance is the service area with ample display stands, perimeter fridges, counter and confectionary stands.
The shop had a refit when our client took over the lease, 5 years ago.
To the rear of the shop is a storage room with shelving.
The business also has tall display shelving systems, till and card reader and freezers.
Tenure
We are advised that the business is being sold on a leasehold basis, with 5 years remaining on the 10 year lease. The rent is currently £1,000 per month.
Hours
The business hours are;
Monday: 05:00 – 23:00
Tuesday: 05:00 – 23:00
Wednesday: 05:00 – 23:00
Thursday: 05:00 – 23:00
Friday: 05:00 – 23:00
Saturday: 05:00 – 23:00
Sunday: 08:00 – 22:00
Staff
We are advised that the business has 4 part time members of staff.
Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £290,000 for the year. Full financials can be made available upon further request.
Please quote reference B05983
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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