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Convenience store for sale in Rushden Northamptonshire with a renewable 15-year lease

Rushden, Northamptonshire

CONFIDENTIAL

  • Status

    FOR SALE

  • Advert ID

    642952

  • Leasehold: £60,000 (Stock at valuation)
  • Rent: £13,000 (£1,083 per month)
  • Turnover: On request
  • Profit: Not Applicable

Key Features

  • Leasehold premises available
  • On-site parking availability
  • Opportunities for increased profitability
  • Opportunity for online sales expansion

Business Details

Convenience store for sale on high street Northamptonshire

Discover an exciting opportunity to invest in a thriving convenience store located on the bustling high street of Rushden, Northamptonshire. This establishment, currently operating as both a newsagent and convenience store, has been in the same ownership for the past six years and is now available for sale.

With a renewed 15-year lease in place, the store is strategically positioned to benefit from high foot traffic, making it an ideal spot for a new owner to expand the business and increase profitability. Presently, the shop runs on limited hours due to staffing shortages, but there is significant potential for extended trading hours which could lead to increased revenue.

Key Features of the Store

The convenience store offers several appealing features that will attract any prospective buyer. These include:

  • Leasehold premises with a competitive price set at £60,000 and an annual rent of £13,000.
  • On-site parking that enhances accessibility for customers.
  • A spacious retail sales area complemented by a well-equipped stockroom.
  • Modern facilities including a kitchen, a bathroom/shower room, and ample storage space.
  • Security measures including CCTV and a comprehensive alarm system, ensuring safety for both staff and stock.
  • Eligibility for small business rates relief, which can aid in lowering operating costs.

Opportunities for Growth

This convenience store is not just a business; it’s a canvas for a motivated owner. There are numerous avenues for growth such as:

  • Exploring online sales to reach a broader customer base.
  • Developing the current product offerings to cater to the local market.
  • Leveraging the existing customer loyalty for repeat trade.
  • Potential for an owner-operated management style that allows for hands-on involvement in daily operations.

With a prime location and a solid foundation already established, this convenience store presents an exceptional opportunity for those looking to invest in a community cornerstone. The combination of a loyal customer base, ample parking, and significant scope for enhancement positions this business favourably in a competitive landscape.

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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.

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