FOR SALE
658450
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.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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