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Convenience Store for sale

Bath Road, RG7

71 sq. m. | £99,995

Property Description

Commercial information

  • Business for sale
  • 764 sq ft (71 sq m)

Key features

  • LEASEHOLD
  • REF 12602

Full description

Tenure: Leasehold

LOCATION
The Village Shop is located in Woolhampton, Reading, Berkshire.

The business is situated in a popular part of Woolhampton. There are several independent retail units in this area such as pubs. There is a pub next to the property approximately 30 foot each way. There are also three schools close by. At the front and side of the property is parking spaces, there is also on street parking around the area.

This village is a fantastic location for a purchaser looking to relocate from the hustle and bustle of city life. The shop is situated in the heart of the village. The road on which the business is located in an arterial road in the village, it connects to the M4 at Theale and links to the A339 at Newbury.

The area has great public transport with several bus stops dotted around the town. The closest train station is also just a short 1 minute walk away.

BUSINESS
Hilton Smythe welcomes to the market The Village Shop. The business was originally established by our client in 2011. The owner is now looking to sell the store due to the desire to focus on other business interests.

The business runs as a café and village store. The store is very busy and has very little competition close by. The turnover is made up of 70% café and 30% grocery sale. They offer a fantastic range of products. Including freshly made sandwiches, pies and coffees in the café. The café has an excellent 5 star hygiene rating. The store also sells a plethora of stock, this includes locally sourced meats, preserves, wines and beers. This store offers flowers and potted plants in the summer months and a catering service throughout the year.

The business currently generates an advised turnover of around £200,000 per annum with a gross profit of around 31%. There are option to boost turnover, some ways are to open later hours, introduce the Lottery and maybe add a post office counter. There is no business like this one in the area so the store benefits from repeat trade from the locals.

The store has a website www.thevillageshopwoolhampton.co.uk from which they advertise the services available. The site is easy to use and is included in the sale. Our client is introducing an online shop to the site which is currently being developed.

There is high demand for an outside catering service. Close by there are large blue chip companies. Developing the catering service could benefit the turnover. Our clients have currently got 9 regular catering contracts which is fantastic for repeat loyal trade.

This business has been run to an exceptional standard by our client and is not to be missed. The store has huge scope to boost turnover and would be great for a purchaser looking to relocate. Above the store is a large first floor, there is the option to convert this space into a two bedroomed owners accommodation.

Hilton Smythe highly advise early viewing to take in the full potential of this multi-facet business.

PREMISES
The business boasts a large corner property. At the front is a raised decked area with outside seating. There is a canopy across the front of the store for shade in the warmer summer months. The property is well signed, with promotional signage on the banisters at the front of the shop.

On entrance is a seating area for the café with 12 covers, to the left is a glass serve over chiller and service counter. This is a well-presented café space that feels spacious and light due to the large windows to the front. Further through to the rear is the shop area this has, display shelving and fridges.

Equipment included in the sale is as follows-
Solid wood display shelving
Newspaper and magazine racking
Open food chiller
Special local produce table
Air conditioning unit
Glass fronted service chiller
Coffee machine
Fridge
Till
Storage shelving

On the first floor of the property is the commercial kitchen which comes fully fitted. There is also a large office.

At the back of the property is an enclosed yard ideal for further retail space of storage. There is a customer toilet, storage room with fridge and freezer.

At the front of the property is shared customer parking for a minimum of 5 cars.

TENURE
We are advised the business is being sold as a Leasehold opportunity.
We have been advised that as of January 2017 the lease will be renewed for a further 10 years.
Rent: £8,000 per annum

HOURS
The business is opening hours-

Monday - Friday: 5:30am - 5:30pm
Saturday: 7am - 3pm
Sunday: 8am - 12pm

STAFF
The business is run and managed by our clients with the help of 2 members of staff.

FINANCIAL PROFILE
The business generates a turnover in the region of £200,000 per annum.
Gross profit 31%


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