Well Established Convenience Store For Sale

Bridgwater, Somerset

Status

FOR SALE

Date Submitted:

03/08/21

Advert ID

280491

Reference

B06334 / Rightbiz
Leasehold: £17,000
Annual Turnover: £33,800
Business
Please quote reference B06334

Hilton Smythe are pleased to have been given the opportunity to manage the sale of SJ Store which is an established convenience store with a rapidly growing reputation amongst local residents. This is a superb opportunity to take on a local business in an area teeming with customers which offers considerable growth potential for a new owner.

SJ Store has been run by the current owner for the last 3 years or so and has enjoyed higher turnover previously. The business is now being sold, albeit reluctantly only because of the owners need to relocate, she is keen to see her grocery business pass to an ambitious and entrepreneurial new owner who can take it to the next level

SJ store stocks a range of convenience items including:

  • International grocery items
  • Confectionery
  • Crisps and snacks
  • Household items
  • Vaping products
  • Rice, noodles and grains
  • Frozen meats and fish
  • Phone cards
Scope to improve

  • Advertising and marketing campaign, a local leaflet drop often yields good results
  • Extend the opening hours
  • Review the product lines stocked
  • Explore different income streams such as parcels, dry cleaning agency etc
Reasons to Buy

  • Prime trading position with lots of footfall
  • Low running costs with inexpensive and no business rates
  • Ideal owner managed or partnership business
  • Would suit a first-time business owner
  • All fixtures and fittings included making this a real Turnkey business
  • A real opportunity to increase turnover and profits significantly, the business is currently being run at a pace to suit
  • Priced to facilitate a quick sale
Hilton Smythe highly advise early enquiry to avoid disappointment.



Location
SJ Store is located in Bridgwater.

Bridgwater is a large historic market town and civil parish In Somerset. It’s population currently stands at about 35,886 as of 2011.

The town lies along both sides of the River Parrett and has been a major inland port and trading centre since the industrial revolution. Most of its industrial bases still stand today. It’s larger neighbour Taunton is linked to Bridgwater via a canal, the M5 motorway and the GWR railway line.

SJ Store is located in an unusually busy and vibrant shopping parade, it sits alongside other complimentary retail businesses such as a fishing tackle shop, café, Domino’s Pizza and hairdressing businesses and thus benefits from high levels of footfall and passing trade.

The business is nicely presented and maintained with clear visible signage and distinctive livery.



Premises
The business occupies the ground floor of an inner terraced retail unit and briefly comprises

Shop

Window and glazed door to front creating a light, airy and inviting interior, suspended ceiling with fluorescent lighting, bespoke counter with generous wrapping area and confectionery shelving to front, freestanding vaping display, Nescafé & Go coffee machine, glass fronted drinks chiller, open dairy/ drinks chiller, perimeter shelving, hanging display space, food freezers

WC

With close coupled toilet and hand wash basin

Long garden to rear.



Tenure
We are advised the business is being sold on a Leasehold basis with 4 years remaining on the Lease, the rent is £4600 per annum.



Hours
The business trading hours are as followed:

Monday to Saturday - 10:00am - 16:30pm

Sunday - Closed



Staff
The business is ran and managed by our client and 2 full time members of staff.



Financial Profile
We are advised the business generated a turnover of circa £33,000.

Please quote reference B06334



Contact Agent
Advert Reference:
B06334 / Rightbiz
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