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Established Convenience Store - Alfreton For Sale

Alfreton, Derbyshire
Asking Price:
£27,950 Furniture / Fixtures included
Turnover:
£304,373
Net Profit:
£27,579

Busy Main Road Position
Accounts Available 05/04/2018
Annual Turnover £304,373
Gross Profit £61,503
Turnover Includes Lottery & Paypoint
2019 Projected Turnover £364,000
Low Rent of £200 Per Week
Further Financial Information On Request
Family Run Business
Good Public Transport Links
Close To Alfreton Railway Station
New Lease To Be Negotiated
Scope For New Product Lines
Free Parking
Possible 2 Bed Accommodation On Additional Lease
Keenly Priced For A Quick Sale
EPC - C

REF 6754 – Leasehold Convenience Store

Blacks Brokers are pleased to bring to the market this leasehold convenience store located in a busy residential area of Alfreton, Derbyshire.

INTRODUCTION

Alfreton Convenience Store has been trading on Mansfield Road since 2007. Our client took ownership in 2015. The business is well known and has a good reputation in the area with a large base of regular local customers. The main road position allows for plenty of passing trade.

LOCATION

The business is positioned on a main road close to a popular residential area within a small parade of shops. The area is well linked by the M1, A38 and A61 with good public transport links and free parking in the immediately outside.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests being higher than anticipated, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The lease will be fully negotiated upon sale of the business. There is accommodation within the first floor which is not included in this lease – this may be negotiated separately if desired.

STAFF

The business is currently operating with one member of staff in employment supporting our client working on a part time basis.

FINANCIAL DETAILS

Alfreton Convenience Store has traded well during the last twelve years. We are advised that the business currently has annual turnover of £304,373 with gross profit of £61,503. These figures included PayPoint generating between £700 and £1,000 per week and National Lottery generating £500 per week. These figures are for 2018 and the 2019 figures are in the process of being completed and are projected to have increase in profits. Full financial details are available upon request.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position on a busy main road. There is plenty of scope to develop the business further with the introduction of new product ranges, longer opening hours and possibly a change of franchise from “Go Local”. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SAT: 07:00 - 21:00
SUN: 08:00 - 21:00

Contact Information

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