Shop for sale

Costcutter - Conisbrough, 29-31 Wembley Avenue, Conisbrough, Doncaster, DN12 3LF

Under Offer £475,000

Property Description

Commercial information

  • Business for sale

Key features

  • T/O to Y/E 31.1.18 of 759,067
  • Gross profit Y/E 31.1.18 of 135,372 (c.18%)
  • Commissions income Y/E 31.1.18 of 6,307
  • Retirement sale after 28 years' ownership
  • Excellent location in the community
  • 4 bed self contained flat. Energy Rating C

Full description

Tenure: Freehold

Description

Our client established the business in 1989 and is now looking to sell to pursue retirement. Prospective new owner operators have both freehold or leasehold options to acquire this excellent business which operates from a modern, well invested unit and one which has already grasped modern convenience trends with the addition of a food to go counter and parcel services. A forward thinking, entrepreneurial owner will have plenty of scope to grow the existing established business in place.

Location

The business is located within a crescent parade of shops that serve the surrounding residential houses and approximately 0.5 miles from the centre of Conisbrough. Conisbrough lies at the midpoint between Doncaster and Rotherham along the A630 and is within the Metropolitan Borough of Doncaster, approximately six miles to the South West of Doncaster City centre.

Internal Details

A modern, open plan retail sales area with generous entrance lobby adjacent to the service tills which overlook the main retail area and its three main central gondolas offering a wide range of convenience and top up goods. A generous corner area is given over to off licence with chilled beers and wines, as well as floor space offering larger multipack cases. The perimeters are well presented with a good mix of wall displays and shelving, with most space given over to refrigeration. To the rear of the store is a deli counter with adjoining catering kitchen. To the rear of the retail area are two large store rooms, toilet, staff kitchen and roller door access for deliveries.

Fixtures & Fittings

We are advised that fixtures and fittings are included, with the exception of any items that are personal to our client.

Owner's Accommodation

There is a very generously proportioned four bedroom flat above the shop, with a self-contained access, which would allow for new owner's to live above the store or to provide a rental income if the accommodation were not needed.

The Opportunity

With a solid base in the community developed over 28 years, this is an excellent opportunity to acquire a profitable going concern for a range of buyers. New owners will inherit a well presented store with good quality fixtures & fittings which is ready for growth. Recent adoption of parcel services (commissions circa £120 per month) and the addition of a deli counter in recent years (c. £300 sales per week) are both areas where there is further growth. Further refinement of lines and a rebrand of facia are other areas a buyer may look at in order to gain growth.

Staff

There are three members of staff working shifts covering circa 80 paid hours per week at national living wage. TUPE regulations apply to the transfer of staff.

Trading Information

Unaudited accounts for the period ending 31st January 2018 show a turnover of £759,067 and a gross profit of £135,372 (17.83%). There is further commission income of £6,307. Adjusted net profit is in excess of £60,000. Full financial details will be made available to interested parties once a viewing of the property has been conducted.

Trading Hours

The business opens from 7.00 am to 8.00 pm, seven days per week.

Business Rates

Confirmation of business rates payable should be obtained from the local authority. The business benefits from Small Business Rates Relief.

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • Conisborough (0.6 mi)
  • Mexborough (1.9 mi)
  • Swinton (S. Yorks.) (2.6 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Conisborough (0.6 mi)
  • Mexborough (1.9 mi)
  • Swinton (S. Yorks.) (2.6 mi)
Distances are straight line measurements from centre of postcode

Disclaimer - Property reference 5416844-fh. 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 Christie & Co , Leeds. 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.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.