Total of 18656 firms and businesses for sale today Wednesday 17th April 2024
Sold. Very Profitable Convenience Store -newsagent & Off-licence Run Under Management
LISTING DETAILS
Firms For Sale ID:
34400
Vendor reference:
BFS4128
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Commercial property:
Business opportunity:
Asking price:
£21,000
Turnover / revenue:
£450,000
Net profit / cashflow:
Undisclosed
Years established:
2009
Number of employees:
6
Employees / staffing:
Historically the business was run by the vendor. The vendor has recently appointed a shop manager so he can concentrate on his other business interests outside the area. The vendor does NOT work in the business on a day to day basis. It is now run under management. The business employs a full time Shop Manager and 5 part time sales assistants.
OTHER DETAILS
Reason for selling:
The vendor has other business/personal interests out of the area and needs to spend more time/resource in them.
Support and training:
The owner will provide full business familiarisation, training and handover to ensure a smooth transition of the business to new Owners. This should be relatively simple as the business has key staff in place (Shop Manager) who run the business on a day to day basis.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Established over 7 years ago this modern convenience store operates primarily as a newsagents and off-licence supplying a range of customers within the community it serves. A well located convenience store this business sells food, confectionary and general products, alcohol, newspapers and cigarettes etc. all of which bring a growing number of repeat customers into the store, on a regular basis. The location of this business is superb and it brings in a constant stream of paying customers. The store is situated on a walking and driving commuting route, serving a college, residents and local businesses including the Worcester race course, cricket ground, hotel, and restaurants and bars. 70% of customers are regular customers and the remaining 30% as passing through (shopping on the high street, tourists, etc.) . We are advised the business only utilises some 25% of the available space within the premises.
Expansion Potential
The shop itself has spare capacity (as already mentioned we are advised the shop currently utilises just 25% of the available space) and there is room inside that can be expanded into, or used to house a complimentary business or service (e.g. post office).
Market / Competition / Non-Competition Agreements
The current market for this business is well established and will remain so into the future. There are many new developments in the area with a new hotel nearby, a new college university campus being built all of which will feed this business. It is also on a commuting route so with more development comes more foot fall. These are all great markets to tap into.