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Convenience Store for sale

Picton Road, Liverpool, Merseyside, L15

Sold STC 114 sq. m. | £19,950

Property Description

Commercial information

  • Business for sale
  • 1,227 sq ft (114 sq m)

Key features

  • REF: 1762
  • LEASEHOLD
  • NEWSAGENTS

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to offer to welcome to the market this well-established and profitable newsagent and general store in Wavertree, Liverpool. The business was established over 20 years ago and has been in our client`s ownership for the past 2 years. only now is the business offered for sale due to our client`s unfortunate ill health. The business is currently open 7 days a week at a pace to suit our client and generates a turnover in the region of 225,000 with a gross profit of 20%.

Wavertree Village Store generates its turnover through the sale of newspapers, magazines, cards, tobacco and convenience lines. The business benefits from having an ATM machine installed, as well as a Lottery terminal, Pay Zone and Pay Point. We feel there is scope to increase the turnover by extending the opening hours and by introducing alcohol sales subject to necessary licenses, as well as introducing newspaper deliveries to the nearby residential areas. We feel this is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended


LOCATION
Wavertree Village Store occupies ground floor lock-up premises within Wavertree in Liverpool. The property is ideally located on a busy main road and is surrounded by a wealth of complimentary shops, businesses and amenities. Wavertree is a densely populated residential area and the business has a loyal client base with a vast amount of repeat trade, as well as benefitting from a large amount of footfall and passing trade. Wavertree is a popular place in which to live and is popular with commuters to Liverpool City centre.

The area has many amenities, including schools and churches as well as excellent public transport links with numerous bus stops within easy walking distance of the property, as well as three railway stations within close proximity with the nearest just a half a mile away. The area is well served by the A-roads with the A5080, the A5058 and A562 within easy driving distance, which link to the vast A-road and motorway networks. Liverpool City centre is approximately 3 miles away and possesses further shops, businesses and amenities, Widnes is 12 miles away and St Helens is 13 miles away.

PREMISES
Ground floor lock-up premises, briefly comprising

Main sales and display area with racking and shelving to suit trade, serve over counter with electronic cash register, lottery terminal, cigarette gantry, Pay Point and Payzone, ATM machine, two door drinks chiller, confectionary display area, 2 x chest freezers, newspaper/magazine display area, greeting card display, 2 x Coca Cola drink displays and refrigerated chiller unit.

Store room to rear with racking/shelving and refrigerator.

Kitchen area.

WC.

TENURE
We are advised Leasehold:
Original lease length: 20 years
Remaining lease length: 18 years
Rent: 5,200 per annum

HOURS
The business is open: Monday - Sunday: 7.00am - 8.00pm
STAFF
The business is owner run and managed with 1 x full-time staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of 225,000 with a gross profit of 20%.


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