LONG WELL ESTABLISHED FRANCHISE CONVENIENCE STORE WITH HIGH TURNOVER FOR SALE IN HERTFORDSHIRE NEAR LUTON (REF: CS0684)

A rare opportunity to acquire a large, well-established convenience store with exceptional growth potential. The business currently achieves weekly sales of £35,000-£38,000 while being operated entirely by staff, offering a significant opportunity for an owner-operator to increase turnover to £60,000 per week or more. The shop also benefits from virtually no direct competition in the immediate area and is positioned to benefit from substantial nearby residential developments, making this an outstanding investment opportunity.

LOCATION:
We are delighted to offer this long-established business presented in immaculate condition with brand-new fixtures and fittings throughout. The shop occupies a highly prominent position at a busy crossroads within a densely populated residential and commercial area, benefiting from excellent visibility and strong passing trade. This strategic location is ideal for retail businesses or services that rely on high footfall and customer engagement.

The surrounding area offers a wide range of amenities including shops, restaurants, and convenient public transport links. The train station is located just a 2-minute walk from the shop, and a bus stop is situated nearby, making the location easily accessible for customers.

OVERVIEW:
This represents a rare opportunity to acquire a well-established and highly profitable shop that has been successfully operated by the same owner for the past 14 years. The business enjoys a strong reputation within the local community and benefits from virtually no direct competition in the immediate area, making it a highly secure trading location.

Turnover: The business generates an average weekly turnover of £35,000-£38,000, currently operated entirely by staff. With an owner-operator managing the business and operating at full stock capacity, the turnover has the potential to increase significantly and could reach £60,000 per week or more.

Another POTENTIAL:
There is substantial scope to further increase revenue. Currently, the shop does not offer services such as Lottery, PayPoint, or Oyster, and there is also a high demand for morning newspapers in the area.

Introducing these services would create additional revenue streams and further strengthen the business's position in the local market.

Additional income: Parcel commission generating approximately £1,000 per month.

RENT: £65,000 per annum

TENURE: A new 16-year lease will be issued with rent reviews every 4 years, providing long-term security for the incoming buyer.

Parking: 2 parking spaces available for the vendor.

Total shop area: Approximately 3,100 sq. ft, offering a spacious trading area with excellent layout potential.

Timing: 6:00 AM to 9:00 PM

ADDITIONAL POTENTIAL:
There is further opportunity to increase revenue by extending trading hours until 11:00 PM, which could significantly boost evening sales.

In addition, a major residential development is planned in close proximity to the shop where demolition has already begun. The site will be redeveloped into a mix of houses and flats. Importantly, NO commercial units are planned, which will position this shop as the primary retail outlet for the surrounding developments.

Additional nearby developments include:

500 houses currently under construction

Redrow development: 135 flats which are close to completion

Overall, approximately 1,200 new houses and flats are expected to be built in the surrounding area, with some already completed.

These nearby residential developments are expected to significantly increase the local population and daily footfall, positioning the shop to benefit from substantial long-term growth in sales and profitability.

Opportunities of this size and location rarely come to the open market, and early viewing is highly recommended.

The business is being marketed for £775,000 goodwill plus SAV (Stock at Valuation), including all fixtures and fittings.

Tenure: Leasehold