Shop for sale

Spar - Crofton, 123-125 Ashdene Drive, Crofton, Wakefield, West Yorkshire, WF4 1HF

£75,000

Property Description

Commercial information

  • Business for sale

Key features

  • New to industry business opened Feb 2018
  • 8,500 retail sales excl. services & growing
  • Newly refurbished with Spar Facia Feb 18
  • 2 flats above, separate accesses
  • Modern, open plan retail unit, excellent F&F
  • Food prep area/large stock room/secure rear yard. Energy Rating C

Full description

Tenure: Leasehold

Description

Our client is an independent, multiple operator who owns several convenience stores and has invested significantly in this formerly mothballed site they had owned for several years. With the project now complete and the store opened and trading, they have decided to concentrate on their going concerns in the North West, providing an opportunity for a hands-on operator to take the business to the next level.

With no marketing to the community, our client has taken sales from a standing start to currently around £8,500 per week and growing. A new owner could genuinely capitalise on refining the available lines and potentially offering food to go by utilising the unused, as new, food preparation room.

Location

Crofton is a large and well regarded village which lies off the main Doncaster Road around four miles from Wakefield city centre. The Spar store lies in the west of the village in a residential area and occupies the end of a small parade of businesses including a Chinese takeaway and hair salon.

Internal Details

The retail sales area is an open plan, modern unit completely refurbished in February 2018, sliding doors open onto store, with three gondola aisles and a range of high quality perimeter shelving and displays and a good range of open chillers (c. 15 metres of total display). The store offers a wide range of top up and convenience goods.

A 16 camera CCTV system with two flat screen monitors and a two till EPoS system were newly installed prior to opening.

There is an unused food preparation room, staff facilities and a large stock room to the rear of the retail unit.

Externally there is an enclosed, secure yard to the rear with roller shutter access to the stock room, making deliveries simple.

Fixtures & Fittings

We have been advised that the majority of the fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.

We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

Tenure Details

The property is available either freehold or via a new fully repairing and insuring lease, terms to be negotiated.

Letting Accommodation

There are two flats above the store which would make excellent owner's accommodation, both have two bedrooms. Currently both flats are rented at £450 per calendar month, providing a useful lettings income. The flats could be available with vacant possession if required.

The Opportunity

A hands-on operator could take advantage of our client’s financial investment in this site as, whilst sales have grown week on week, the business has been remotely managed and there has been no promotion of the store.

With slight refinement of the current offer, introduction of new products such as slush machine’s and baked goods, and an appropriate marketing budget, we are certain this fledgling store will be able to pull basket spend from competing C-Stores in the area.

Trading Information

Current weekly sales are in the region of £8,500 and growing. As the business only began trading in February 2018, our clients will be initially offering prospective buyers access to up to date EPoS data once a formal viewing is conducted.

Management profit and loss information may be made available to seriously interested parties once a discussion with a Christie Finance consultant has taken place.

Trading Hours

7am-10pm seven days a week.

Business Rates

The Rateable Value is £12,000 with effect from April 2017. Confirmation of actual business rates payable should be obtained from the local authority.

Regulatory

Premises licence.


More information from this agent

Nearest stations

  • Streethouse (1.5 mi)
  • Sandal & Agbrigg (2.3 mi)
  • Fitzwilliam (2.8 mi)
Distances are straight line measurements from centre of postcode

Floorplans

Map & Street View

Nearest stations

  • Streethouse (1.5 mi)
  • Sandal & Agbrigg (2.3 mi)
  • Fitzwilliam (2.8 mi)
Distances are straight line measurements from centre of postcode

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