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Convenience store Costcutter and Post Office for sale in Ballycastle County Antrim

Ballycastle, County Antrim
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  • Status

    FOR SALE

  • Advert ID

    651159

  • Leasehold: £250,000 (Stock at valuation)
  • Turnover: £495,000 (£9,519 per week)
  • Profit: £85,000 (18% Profit margin)

Key Features

  • Gas central heating system
  • Good commission structure
  • Goodwill and fixtures included
  • Goodwill included in sale

Business Details

C onvenience store Costcutter and Post Office

For sale is a well-established convenience store and post office located in the picturesque Ballycastle, County Antrim. This inviting business presents an excellent opportunity for serious buyers and investors, set in a tranquil environment just a stone's throw from the beach.

The convenience store features well-stocked aisles filled with a diverse range of snacks, beverages, and household essentials. Notably, it includes a coffee machine and an ice cream freezer, enhancing its appeal and convenience for customers. As a proud franchise of Costcutter, the store benefits from prominent branding that attracts a loyal customer base. The store’s accessible layout, complemented by clear signage, ensures a pleasant shopping experience. Furthermore, it offers additional services, such as gas sales, which can significantly increase foot traffic and sales potential.

Business Background

Established for over 30 years, the business has been under current ownership for two years. During this time, turnover has seen a positive increase, driven by the introduction of new product lines, with projections indicating a potential boost of around £20,000 per year. The decision to sell is motivated by the owner's desire to relocate.

Attractions and Community Engagement

Located near popular local attractions such as the Guinness pub and bar, village tea rooms, and the beach, the store is surrounded by amenities that draw in customers. The convenience store has cultivated a strong community presence and loyal customer base through strategic partnerships and initiatives, showcasing a commitment to engaging with the community via competitions and events.

Included Features and Growth Potential

The sale includes various fixtures and fittings essential for operation, alongside goodwill, ensuring a seamless transition for the new owners. The business benefits from a gas central heating system and a robust commission structure, providing healthy net profits and high annual turnover. With effective growth strategies in place, there is ample scope for expansion and increased profitability. The business operates with low overheads, benefiting from high customer retention rates and an established customer base, making it a turnkey opportunity for prospective buyers.

The store has a strong online presence through its Facebook page, 'Costcutter Cushendun', and training opportunities will be provided to the new owners to ensure a smooth takeover. This venture offers not just a business but a chance to be part of a vibrant community while enjoying a lucrative return on investment.

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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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