Property Information
Address:
Derby, Derbyshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH488937
Property Ref/Agent: 2778-busy-convenience-store-in-spondon-derbyshire-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to introduce to the market G G News Food and Wine. The store is a very busy well equipped convenience store, newsagents and off licence.
The business was originally established many years ago, and was taken over by our client 8 years ago. Our clients are now looking to retire, after working hard to run this profitable business. The current turnover for the business is a healthy 156,000 per annum.
The turnover is generated from the running of the traditional convenience store. The store also sells cigarettes, convenience foods, wines, spirits and scratch cards etc. We are advised that our clients offer a newspaper delivery round, 3 in the mornings and 5 on Sundays. They generate around 800 per week on news sheets.
We believe the turnover could be increased massively. One way in which this could be done is to expand stock sold. The large store has a mass amount of space with plenty of shelving.
The current opening hours could also be increased from 7:30pm to 10pm, this would boost trade and therefore revenue should increase. There is the opportunity to apply for a lottery terminal, this should also raise turnover.
The business is currently run at a steady pace to suit our clients needs, with a determined new owner there is a mass amount of scope to boost this already profitable well-known business.
We highly advise early viewing to avoid disappointment for such a fantastic large business opportunity.TENUREWe are advised the business is leasehold
Original lease length 12 years
Remaining lease length 4 years
Review 3 years
Rent 7,500 per annumHOURSThe business opens:-
Monday-Saturday: 6:45am - 7:30pm
Sunday: 6:45am - 7pmSTAFFThe business is run and managed by the owners with the assistance of family members who work part time.FINANCIAL PROFILEThe business reports a turnover of 156,000 per annum
News sheets 800 per week.
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