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Convenience Store for sale

Stanwood Avenue, Sheffield, S6

56 sq. m. | £49,950

Property Description

Commercial information

  • Business for sale
  • 602 sq ft (56 sq m)

Key features

  • REF: 3044
  • LEASEHOLD
  • OFF LICENCE

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to introduce to the market Stanwood Off Licence. The business was originally founded back in the 1980's and has been successfully run by our client since inception in 2009.

The business is in a superb trading location being very well supported by the local community. Revenue is derived from the retail of wines, beers and spirits, soft drinks, tobacco, ices, crisps and confectionery and the local newspaper, in addition to a small convenience range. The business reports a healthy turnover of 200,000 per annum with a gross profit in the region of 21% as per 2015 accounts.

The store is well presented and stocked, however we believe there could be potential to expand into the rear office and introduce further stock lines. In addition a new owner may wish to introduce Lotto sales or increase the choice of newspapers and offer a delivery service in the area to further income.

We are advised that the business offers a UPS service which generates an extra income.

We urge early viewing of this long established concern which genuinely comes to the market due to our clients other business interests.




LOCATION
The business is located in a heavily populated area within the City of Sheffield, South Yorkshire.

Stanwood Off Licence occupies a prominent corner trading position within a busy retail parade including a fish and chip shop, sandwich shop, hair salon and post office servicing a large housing estate. The business benefits from free street parking outside and bus stop within walking distance.

The area is just of the main commuter road A61 leading to the City centre.

PREMISES
Large double fronted semi-detached premise briefly comprising:-

Well-presented frontage with good signage and partly frosted large display windows.

Open plan retail area with wall shelving and displays.
Serving area to the front with toughened safety glass surround.

To the rear is an office area with storage.

Through to additional store room with toilet facilities.

All general fixtures and fittings included, large drinks cooler is currently on lease to buy and will be negotiated separately, general retail shelving and display stands.

The business benefits from cctv throughout.

TENURE
We are advised leasehold on a rolling lease arrangement.

The landlord has agreed and is happy to negotiate a new lease.

HOURS
The business is open:-

Monday to Thursday 9.00am - 9.00pm
Friday and Saturday 9.00am - 10.00am
Sunday 10.00am - 8.00pm

STAFF
The business is owner run and managed with the assistance of 1 member of staff.

FINANCIAL PROFILE
The business reports a healthy turnover of 200,000 per annum with a gross profit in the region of 21% as per 2015 accounts.



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