| (REF: Trent Vale, Stoke-On-Trent, St) Convenience Store with Off Licence, Counter News, Payzone & ATM - Lease For Sale |
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| Seller Reference: |
Trent Vale, Stoke-On-Trent, St |
| B4S Reference: |
26245 |
| Asking Price: |
£67,950
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| Net Profit: |
£39,000 |
| Sales Revenue: |
£312,000 |
| Number of Staff: |
1 |
| Established For: |
50 Years 0 Months |
| Ownership: |
Leasehold |
| Location: |
Stoke-on-Trent, Staffordshire, United Kingdom |
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Current turnover of £6000p.w. at 21% Gross Profit. Council lease at £4200p.a., that is only £80p.w.! Business rates at £520 p.a. These basic figures show a healthy business and there is a great potential scope to increase turnover. Plus Payzone sales at £1800p.w. Smiths News sales at £195p.w. Retail area average: 640sq.ft. With a large store room 260sq.gt and staff/office room 180sq.ft at rear. Business hours: Mond-Sat 8am to 9pm, Sun 9am to 6pm. Current owners have run this business for the last 6+ years and gradually improved its turnover and image. It has 3 x aclohol open-fronted chillers, 2 x double door dairy chillers, 2 x double door soft drinks chiller. Conveniently it operates a basic scanning EPOS till. Well layed out tiled shop floor with ample space for pushchair/cages to maneover. Has 1 staff member, but he will go with the current owner, unless required by the new owner. Premises is in a parade of other council owned retail premises - and under the lease contract - no direct competing retail busniess can set-up here, so immediate competition is non existant.
Current owner is very reluctantly selling the business due to family commitments.
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Property: |
Leasehold |
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Lease Terms: |
Council to issue new lease as previous has lapsed in September 2010.Currently nrunning on existing lease terms that are excellent for the busniess. Usually a 15+ year lease is issued by the council so there should be no problems on funding the business purchase. Negotiable council lease terms to suit the new owner. |
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Current Rent: |
£4200 p.a. Council Lease |
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Living Accommodation: |
No |
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Details of Accommodation: |
None |
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Location: |
Main through road near the Staffordshire North Hospital and two schools, in a heavily built up residential area. Ample non-restricted parking at front. Situated in a parade of retail premises including beauty salon, tattooist, barber, fish & chip shop. |
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No immediate competition. Nearest convenience store is over half mile away. |
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Scope for growth with the addition of a greater freezer produce range, Paypoint, possible Lottery terminal. The current owner believes the sales could rise to £7000+ with the introduction of the above changes. Extending the opening hours will also grow sales. |
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Current owners are willing to offer initial support/training to the new buyers. |
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Family commitments means the owners needs to relocate back to their family's town. The current owner does stress that this is a very reluctant sale. |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday to Saturday 8am to 9pm.
Sunday 9am to 6pm.
Alcohol licenced to sell Monday - Saturday 8am - 10.30pm, Sunday 10am to 10pm. |
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1 x part time staff, mainly kept for weekend or when current owners cannot work. Ideal for a 1 or 2 member team to run the business. |
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