Retail Property (high street) for sale

Premier - CJ Supermarket, 377-379 Weelsby Street South, Grimsby, North East Lincolnshire, DN32 8BJ

Guide Price £100,000

Property Description

Commercial information

  • Business for sale

Key features

  • C. 15,000 per week retail sales
  • C. 6,500 per week Paypoint sales
  • C. 2,500 per week lotto sales
  • Approx 1,100 square foot retail area/ lock up
  • Well established, staff run operation
  • High density housing, community location. Energy Rating D

Full description

Tenure: Leasehold

Description

A great opportunity for a new operator to acquire a well established and majority staff managed convenience business, with scope to make operational savings and potential to grow the existing strong trade, with the adoption of new lines and trends within the convenience retail sector.

Location

The store is located in a densely populated residential area to the east of Grimsby town centre. Grimsby is located upon the south bank of the Humber Estuary and is the major county town of North East Lincolnshire. The A180 is a continuation of the M180 and allows for access in and out of the town and to the wider UK motorway network.

Internal Details

The main sales area is approximately 1,100sq ft including the service till area which features two EPoS tills and overlooks the main retail area.

There are three central gondolas providing four aisles of convenience goods and well stocked perimeter shelving including a large magazine display . Other items of notable inventory include; An ATM, Lotto terminal, three double upright freezers, two open soft drinks chillers, an open alcohol chiller and an open dairy and fresh chiller.

To the rear of the shop floor there is access to two stockrooms with office area, toilet and kitchenette. The property is a lock-up ground floor unit only.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fitting are owned outright and will be included in the sale, subject to an inventory.

We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

Tenure Details

The property is held on a 15 year lease which commenced in 2004 and the passing rent is currently £20,000 per annum.

A copy of the lease will be available to interested parties upon request.

The Opportunity

Our clients' are looking to retire from their interest in the retail sector after many successful years operating multiple sites across the region.

Having established the business in this location almost 14 years ago, in recent years the operations have moved further and further towards being staff managed and this gives a hands-on operator the opportunity to acquire a strong trading business in a healthy trading location, but with scope to grow the offer and make operational savings.

Staff

The business is majority staff run and a full staff rota will be made available to interested parties.

TUPE regulations apply to the transfer of all staff.

Trading Information

Full accounts will be made available to interested parties only after a formal viewing has taken place.

Current trade (Nov 2017) is quoted by our client in the region of £15,000 per week core retail sales, with c. £6,500 per week PayPoint services turnover and a further £2,500 per week turnover from Lottery sales. There is an internal ATM which derives a commission income in the region of £200 per month.

Trading Hours

Monday - Saturday 7am- 10pm
Sunday 8am-9pm

Business Rates

The current rateable value is £5,900.

Prospective purchasers should check with the local authority to verify the rates payable as these may vary.


Nearest stations

  • New Clee (0.7 mi)
  • Grimsby Docks (0.7 mi)
  • Grimsby Town (0.8 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • New Clee (0.7 mi)
  • Grimsby Docks (0.7 mi)
  • Grimsby Town (0.8 mi)
Distances are straight line measurements from centre of postcode

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