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3 bedroom convenience store for sale

Forge Lane, ME3

Guide Price £35,000

Property Description

Commercial information

  • Business for sale

Key features

  • Off License and Convenience Store in village location
  • Three bedroom owner's accommodation
  • W/T 8,500 - Gross Profit Margin 20 %
  • Close to Higham Train Station - and surrounding ammenities.

Full description

DESCRIPTION
An exciting opportunity to purchase this well established and well known off license and convenience store, which occupies a prominent trading position in Higham and within a densely populated residential area with train station providing links to London Euston.

The area is a hive of activity throughout the day with heavy footfall ensuring the business attracts high levels of regular local and passing trade at all times. The business has been trading from the same location for over 40 years has forged strong relationships with the community and enjoys an extensive and loyal customer base. The business operates from highly visible semi detached premises and has the benefit of owner's accommodation above.

The store retails a good range of soft drinks, confectionery, newspaper and magazine titles, dairy products, frozen and convenience foods but could expand the stock lines by adding more fresh fruit and vegetables etc given the size of the current trading area and genuine opportunity to increase the shop floor.

This store is a 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. To fully appreciate this superb business opportunity, viewing is highly recommended.

WEEKLY SALES
We have been advised the current takings are in the region of 8,500 per week with Paypoint receiving 2,500

LOTTO
An application has recently been approved to offer national lotto scratch cards.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday - Saturday 06:00 - 20:30
Sunday 06:00 - 18:30

STAFF
Managed by the owners along with full and part-time staff.

PROPERTY
Highly visible premises offering flexible ground floor retail space with genuine scope to extend the total floor area.

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

TRADING AREAS
Consisting of a single till and open plan shop floor with portable central shelving, rear trading area and side storage which could be put to better use to increase stock lines and total floor space.

RESIDENTIAL ACCOMMODATION
First floor apartment accessed via the main shop floor and comprising of three double bedrooms, living room and bathroom. There is a fitted kitchen on the ground floor which provides side access to the rear garden.

TENURE
We are advised that the property is held on a 7 year lease which commenced in October 2010. The annual rent is 23,724 exclusive (correct as advised on 28.11.13).

SUMMARY
A fantastic opportunity to purchase a successful business situated in a densely populated residential area with huge potential to expand and increase income. To avoid disappointment, viewing is highly recommended.


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