European products supermarket and off licence on Queens Road in Nuneaton for sale
Nuneaton, Warwickshire
- Status
FOR SALE
- Advert ID
644366
- Leasehold: £75,000
- Rent: £18,000 (£1,500 per month)
- Turnover: £156,000 (£3,000 per week)
- Profit: £75,000 (49% Profit margin)
Key Features
- Accessible shopping experience for all customers
- Attractive storefront design
- Close proximity to amenities and services
- Comfortable shopping environment
Business Details
European products supermarket & Off Licence in the most popular street (Queens Road) in Nuneaton
Welcome to a thriving European minimarket situated in the vibrant heart of Nuneaton, specifically on the bustling Queens Road. This well-established business boasts a spacious shopfront that not only enhances visibility but also serves as an inviting threshold for a diverse clientele, particularly popular among European and Romanian customers.
The minimarket is easily accessible and well-known for its high foot traffic, making it an ideal spot for anyone seeking grocery and beverage options. The store has been meticulously maintained and is equipped with modern facilities, ensuring an exceptional shopping experience for all visitors.
This market features a broad selection of products, including groceries, beverages, and fresh produce, alongside specialty sections dedicated to international delicacies and gourmet items. Such a varied product range caters to the diverse tastes of the community while enhancing the store's appeal.
The minimarket is not only a profitable enterprise, with a current turnover of £156,000 and a profit margin of £75,000, but it also presents significant potential for further growth. Strong connections with suppliers and a strategic location ensure that the business continues to thrive, benefiting from its established community presence and customer loyalty.
Operational Highlights
The premises are newly equipped with essential facilities, including five open drink and food fridges, three frozen display fridges, and a dessert display fridge, creating an organised shopping environment. In addition, the store features a cashier electronic system with a barcode reader, a cashier stand, 19 CCTV cameras for security, and Wi-Fi access, ensuring a seamless operational flow.
Strong Local Connections
The minimarket enjoys a prime location close to essential amenities such as Lidl, local pubs, takeaways, and a post office, significantly attracting a steady stream of customers. With an annual rent of just £18,000 and a secure renewable lease, the financial framework is robust, providing peace of mind for any potential buyer.
Support for New Owners
As you consider taking over this established business, the current owner, who has successfully run it for two years, is willing to offer training opportunities to ensure a smooth transition. This support, along with the strong foundation already in place, allows new owners to step in with confidence.
In summary, this alcohol-licensed supermarket represents an exciting business opportunity in the popular Nuneaton area. With a reasonable asking price of £75,000 and a myriad of features that enhance its appeal, it stands out as a prime investment for future growth and sustainability.
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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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