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Convenience Store for sale

Boxalls Lane, Aldershot, Hampshire, GU11

Guide Price £125,000

Property Description

Commercial information

  • Business for sale

Key features

  • Profitable supermarket, popular Hampshire town
  • Advised weekly takings in the region of 8,000
  • Loyal and regular customer base
  • Retirement sale, viewing highly recommended

Full description

DESCRIPTION
Rarely available opportunity to purchase this well established, highly visible and well used supermarket which occupies a prominent trading position in Aldershot, close to the main army barracks and within a densely populated residential area.

The area is subsequently a hive of activity throughout the day with continual footfall and activity, ensuring the business attracts high levels of regular local and passing trade at all times. The business underwent a major refurb in 2011 when the conversion to a Premier store took place and is therefore presented in good condition throughout along with modern chillers.

The business has been trading from the same location since around 1990 and has been owned by our client since 2008, in which time the owner has forged strong relationships with the community and enjoys an enviable reputation and an extensive and loyal customer base.

The business operates from highly visible and imposing detached premises and retails an extensive range of soft drinks, confectionery, newspaper and magazine titles, dairy products, frozen and convenience foods plus an excellent selection of fresh fruit and vegetables with additional services such as the Lottery. Beers and wines are displayed in 3m modern chillers with upright fridges.

This store is a thriving and highly lucrative business, yet still offers terrific scope for future growth and improvement and would therefore ideally suit an energetic family unit, who can develop the business to its true potential which will undoubtedly increase the weekly sales, whilst ultimately enhancing overall profitability.

In our opinion any new owner could implement an in store bakery such as Bake 'n Bite, a coffee machine, paper rounds and a Post Office combi till subject to Post Office approval.

SALES
Current shop sales average 8,000 per week.

LOTTO
Weekly lottery sales TBC.

ACCOUNTS
Current records and accounts can be inspected after viewing by genuinely interested parties.

TRADING HOURS
Monday - Sunday 07:00 - 20:00

STAFF
Managed by the owners along with one additional part time member of staff.

PROPERTY
Highly visible and imposing detached premises with good signage, offering spacious ground floor retail space approaching 2,000 sq ft and off road parking for 5 to 6 cars.

TRADING AREAS
The sales area is bright and airy creating a welcoming environment. The business is fitted to a high standard with a comprehensive range of good quality, modern fixtures and fittings, CCTV and ample refrigeration which include a 3m fridge for beers and a further 3m fridge for soft drinks. Dairy products, fresh fruit and veg are displayed in a 4m fridge. There are central carousals which display a large selection of household and everyday goods along with pet foods.

A post office has traded from the premises in the past and still has a three position fortress counter, which could be removed with the floor space used for additional stock lines or a deli.

There is ample storage to the rear of the shop with staff toilet facilities.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners or management available.

TENURE
The vendors own the property and will grant a new FRI lease (subject to contract) for a period of 15 years with a proposed rent of 20,000 exclusive of rates. Rent reviews will be at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
A fantastic opportunity to purchase a successful business situated in a densely populated residential area of Hampshire, with genuine growth potential to increase income and profits.

Viewing is highly recommended to fully appreciate this superb business opportunity, condition and overall location.


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