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Staff-Run Convenience Store & Off-Licence for Sale in Long Eaton, Derbyshire

Long Eaton, Derbyshire
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Staff-Run Convenience Store & Off-Licence – Long Eaton Photo 1
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Staff-Run Convenience Store & Off-Licence – Long EatonStaff-Run Convenience Store & Off-Licence – Long EatonStaff-Run Convenience Store & Off-Licence – Long EatonStaff-Run Convenience Store & Off-Licence – Long EatonStaff-Run Convenience Store & Off-Licence – Long EatonStaff-Run Convenience Store & Off-Licence – Long EatonStaff-Run Convenience Store & Off-Licence – Long EatonStaff-Run Convenience Store & Off-Licence – Long Eaton
  • Status

    FOR SALE

  • Advert ID

    658450

  • Leasehold: £65,000 (Stock at valuation)
  • Rent: £10,200 (£850 per month)
  • Turnover: £223,600 (£4,300 per week)
  • Profit: On request

Business Details

Staff Run Convenience Store & Off Licence – Long Eaton

An established convenience store and off-licence is offered for sale in the Long Eaton area.

The business currently generates approximately £18,500 per month in shop sales, equating to around £222,000 annual turnover, excluding ancillary income.

In addition to shop sales, the business receives approximately:

£200 per month from a parcel locker

£100 to £110 per month from Relay parcel services

This provides approximately £3,600 per year in additional recurring income.

A major advantage of the business is that it is currently operated entirely by staff, with very limited day-to-day involvement required from the owner.

The business also benefits from low fixed occupation costs:

Rent of only £850 per month

Nil business rates

Electricity approximately £460 per month

Card processing charges approximately £140 per month

Other general expenses approximately £100 per month

The store has an established convenience and off-licence trade and would particularly suit an owner-operator looking for a business where personal involvement could materially improve profitability.

Key Selling Points

Established convenience store and off-licence

Approx. £222,000 annual shop turnover

Approx. £3,000 additional annual parcel-related income

Low rent of £10,200 per annum

Nil business rates

Currently fully staff-operated

Significant scope for an owner-operator to reduce staffing costs

Parcel locker rental income

Relay parcel income

Stock available at valuation

Opportunity to improve margins and profitability

Suitable for an individual, couple or family operator

Reason for Sale

The business is being offered for sale due to the owner's other business commitments. The current owner is not required to work in the store on a regular day-to-day basis.

Growth Opportunities

There is good potential for a new owner to improve profitability through greater personal involvement, reduced staffing costs and tighter control of purchasing and margins.

Further opportunities may include expanding higher-margin product ranges, improving promotional activity, increasing local marketing and introducing additional services where suitable.

Confidential Sale

This is a confidential business sale.

The exact trading name and address will be provided to serious prospective purchasers following an initial enquiry.

Further financial information, lease details and supporting business information can be made available to genuinely interested parties.

Asking Price: £65,000 SAV

Viewings are strictly by appointment. Prospective purchasers are requested not to approach staff directly.

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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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