Convenience Store for sale

Fawcett Road, Southsea, Hampshire, PO4

41 sq. m. | £20,000

Property Description

Commercial information

  • Business for sale
  • 441 sq ft (41 sq m)

Key features

  • REF: 13085
  • LEASEHOLD
  • CONVENIENCE STORE

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular Hungarian and Romanian convenience store on Southsea, Hampshire.

The business was established by our client in 2013 and is only now being offered to the market due to our client's other business interests. The business currently operates 7 days per week and generates a turnover in the region of 100,000 per annum, with a gross profit of approximately 30%.

Our client offers a wide variety of Hungarian and Romanian goods including frozen food, drinks, alcohol, tobacco products and E-cigarettes. Our client has two main suppliers, which are based in London, who specialise in importing Romanian and Hungarian food brands to the UK.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening longer later in the evenings. A new owner could embark on a modest marketing campaign to promote the goods and service offered. There is also scope to increase the range of goods offered.

This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.


LOCATION
The Hungarian Traditional Food Store occupies substantial ground floor premises, ideally located within the seaside resort of Southsea, Hampshire. The business is located on the very busy Fawcett road and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a high volume of footfall and passing trade. The business further benefits from on-street parking facilities to the front of the premises.

Southsea is a seaside resort, located within Portsmouth at the southern end of Portsea Island, Hampshire. according to the 2001 census, Southsea had a residential population of 18,514. Southsea provides two distinct shopping centres in close proximity to each other.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is just over 5 minutes' walk away. The area is also well served by the A-roads, with the A2047 being within close proximity, which links to the national A-road and motorway networks. Portsmouth city centre is approximately 2 miles away and Southampton is 23 miles away.

PREMISES
Substantial ground floor premises in a prime trading location, briefly comprising:

Main sales and display area with:

Serve over counter with electronic cash register, credit/debit card terminal and food scanner.
New triple glass fronted display refrigerator with LED lighting.
New glass fronted display freezer.
Glass fronted drinks display unit.
2 x glass topped display chest freezers.
3 x banks of grocery shelving units.
Glass fronted chiller unit for meats with serve over counter.
Cigarette gantry.
Stand-alone display unit.

Storeroom/office with:

Shelved area.
Small upright refrigerator.
Chest freezer.
Computer and printer.
New 8 x camera CCTV system, which records for 30 days.

Rear area with:

Staff kitchen.
WC.
Cleaning cupboard.
Access to rear yard and alleyway.

TENURE
We are advised Leasehold:

Original lease length: 1 year
Remaining lease length: 1 year
Rent: 7,200 per annum.

HOURS
The business is open:

Monday - Sunday: 10.00am - 7.30pm

STAFF
The business is owner run and managed with 3 x part time staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 100,000 per annum, with a gross profit of approximately 30%.

Nearest stations

  • Fratton (0.2 mi)
  • Portsmouth & Southsea (0.7 mi)
  • Portsmouth Harbour (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Fratton (0.2 mi)
  • Portsmouth & Southsea (0.7 mi)
  • Portsmouth Harbour (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 13085. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.