Shop for sale

Costcutter, 25 South Ella Way, Kirk Ella, Hull, HU10 7HB

£520,000

Property Description

Commercial information

  • Business for sale

Key features

  • T/O to Y/E 31/3/18 of 544,025
  • Same ownership for over 20 years
  • Parade position in sought after Hull suburb
  • 4/5 bedroom family accommodation above
  • Plentiful and free customer parking
  • Genuine scope for growth, potential for food to go. Energy Rating C

Full description

Tenure: Freehold

Description

A superb opportunity to acquire a well established community store which has had investment in recent years and offers good existing profit and genuine scope for growth with the introduction of new lines and offers such as food to go.

A prospective purchaser may also look to review the current facia branding in light of current shifts in the wholesale supply market. For family buyers there is a duplex flat above offering 4/5 bedroom accommodation, which could also be let independently as it has a separate entrance.

Location

The store is situated on Southella Way, approximately five miles to the west of Hull city centre, amongst surrounding residential housing and just off the main Beverley Road roundabout which gives it good access to the sought after suburbs of Kirk Ella, Anlaby & Willerby. The location is ideal for families with an excellent range of schools available for all age ranges.

Internal Details

Entry is via an electric sliding door with ramped access. The ground floor retail area has been extended and fully refurbished, it is presented to a very high standard with a range of gondola displays and perimeter shelving overlooked by the service till. Notable items of inventory include; Triple double door fronted upright alcohol chiller, circa 5 m open chiller with large display of soft drinks and snacks, upright open fronted dairy chiller, Tchibo coffee machine, ATM, upright double door freezer offering frozen foods, Walls branded ice cream freezer, lottery terminal and CCTV system with flat screen TV.

Ancillary areas include staff toilet, office, stock room with roller shutter and an unused area which could convert into a food preparation area.

Fixtures & Fittings

Fixtures and fittings are included, with the exception of any items that are personal to our client, subject to inventory.

Owner's Accommodation

Ground floor - Private entrance lobby with stairs to first floor.

First Floor - Sun room with access to balcony at rear. Bedroom/office, hallway, toilet, kitchen, lounge-diner, bedroom with access to second balcony area to the front.

Second floor - Three bedrooms, Shower room/toilet

The Opportunity

Having owned and operated the store, and lived above, for over 20 years our clients', a husband and wife team, have decided to sell in order to pursue a new career path. The established business is located in a well regarded Hull suburban location and there are a number of new housing projects in the area including the erection of 209 new houses on the site of the former Wolfreton Secondary School. As well as a good range of traditional convenience goods the site offers full Lottery, PayZone services and Hermes delivery services. An unused area to the rear of the store would make an excellent preparation area if the prospective purchaser wished to introduce a food to go offer.

Staff

The store is run by one of the owner's covering 30 hours per week. There is a full time member of staff covering 30 hours per week and five part time staff covering around 60 paid hours. TUPE regulations apply to the transfer of staff.

Trading Information

We have been provided with trading profit and loss accounts for the period to year end 31 March 2018 which show sales of £544,025 and lottery income of £5,707 with a gross profit figure of £82,967. Our client informs us that current weekly sales are in the region of £12,000 exclusive of services and Lottery. Full historic trading information will be made available to interested parties only after a formal viewing of the business and property.

Trading Hours

Monday to Friday 6.30am - 9.00pm
Saturday 7.00am - 9.00pm
Sunday 7.00am - 6.00pm

Business Rates

Confirmation of business rates payable should be obtained from the Local Authority.


More information from this agent

Nearest stations

  • Hessle (2.2 mi)
  • Cottingham (2.7 mi)
  • Ferriby (3.5 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Hessle (2.2 mi)
  • Cottingham (2.7 mi)
  • Ferriby (3.5 mi)
Distances are straight line measurements from centre of postcode

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