Convenience Store for sale

Bournemouth, Dorset

£59,995

Property Description

Commercial information

  • Business for sale

Key features

  • Lucrative accessible central trading position
  • Close residential areas/student accommodation
  • Quality premises fitted out at a cost i.r.o 50,000
  • Niche retail lines which ensures strong following
  • Sales 497,896 ex Vat, Net Profits c70,000
  • EM&F reference number: G34082R

Full description

Tenure: Leasehold

Description: A niche Convenience Store & Off-Licence renowned for its selection of Eastern European lines ensuring a strong following and impressive Gross Profit margins in excess of 30% ensuring the business remains highly profitable but at the same time still lends itself to further development in the form of a modern day convenience store with the Spar symbol group prepared to invest up to £60,000 in the store. Operating from stylish premises which were originally fitted out at a cost in the region of £50,000 to include a host of chilling equipment, offering main air conditioned retail area with delicatessen counter, secondary air conditioned retail area in respect of dairy and fruit/vegetable produce, stockroom, office and cloakroom whilst outside can be found additional storage and useful owners car parking space. Despite the town centre trading position the premises enjoy relatively favourable overheads assisting with the profitability. A great deal of regular repeat trade is received from those local to the area and from further afield such is the reputation of the business.

Location: Occupying a central trading positon on the edge of Bournemouth town centre, close residential areas and in particular student accommodation with further developments in the course of construction and which proves lucrative being host to a substantial number of international students. Close by is the busy Lansdown Roundabout where Lansdown Road meets Old Christchurch Road, Holdenhurst Road and Bath Road which in turn provide pedestrian and vehicle access to the town centre, college, offices, student campuses and the pier/beaches. There is huge pedestrian flow from office workers, shop workers, shoppers and students, free restricted on street car parking can be found close by together with car parks ensuring easy access for shoppers.

Area: Bournemouth, famous for its sandy beaches and pier, has a considerable seasonal uplift being a popular destination for holidaymakers in addition to playing host to a good size student population. The nearby A35 & A338 provide excellent communication links with the remainder of Bournemouth together with neighbouring Poole and Christchurch

Premises: Presented and fitted to a high standard with no major expenditure considered necessary, eye catching glazed frontage, half glazed entrance door opening main RETAIL AREA, wood effect vinyl flooring, magazine display racking, feature wooden display shelving creating 3 shopping aisles, CCTV system installed, ceiling mounted air conditioning unit, inset ceiling spot lighting. To the side, SERVICE COUNTER housing 2 EPOS tills and glazed food to go display cabinet, behind could be found spirits display shelving, 2 glazed front double beer chillers and glazed front double soft drinks chiller. To the rear, bread display, glazed front double upright dairy chiller and glazed serve over DELICATESSEN COUNTER complete with 2 ham slicers, 2 sets of electronic scales, stainless steel work tables and inset stainless steel hand washbasin. The premises continue to the rear and inter-connect with a SECONDARY RETAIL AREA used in connection dairy and vegetable produce, Terrazzo flooring, wall mounted air conditioning unit, spot lighting and CCTV. Contains 4 open front chillers, glazed front double upright freezer, milk display and fruit/vegetable display racking. Leading off the retail areas can be found an OFFICE, staff CLOAKROOM fitted with toilet and hand washbasin, rear STOREROOM also with Terrazzo flooring and spot lighting, and contains metal storage racking whilst the rear LOBBY houses 2 Foster stainless steel double chillers and a back door opening to the rear of the property. None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.

Outside: To the rear of the property a separate additional STORE can be found together with owners CAR PARKING space.

Business: An established well known business, quite a destination such are the niche grocery lines available which are not easily found elsewhere. The business is renowned for its range of Eastern European foods to include bread, fresh meat and vegetables, hams, delicatessen lines, dairy items, groceries, snacks, beers, wines and spirits. The business appeals to all age groups, popular with students, the area being home to some 20,000, also attracting customers from further afield who return each week for their particular favourite items.

Trading Hours: The business trades favourable hours, Monday to Saturday 9.00am through to 8.00pm and Sunday 10.00am through to 6.30pm, scope exists to extend the opening hours.

Staff: Operated by the sole vendor who acts in a supervisory capacity, assisted by 3 part time members of staff who can undertake the majority of activities associated with the day to day running of the business.

Takings: Accounting information provided confirms a thriving profitable business, in respect of the financial year ended 28th February 2019 Sales amounted to £497,896 ex Vat returning a Gross Profit of £155,631 equating to an impressive 31% reflecting the niche grocery lines retailed. These high levels of sales coupled with high profit margin assists with the overall profitability of the business with adjusted Net Profits in excess of £70,000 calculated.

Comments: The sale of Polski Sklep provides an opportunity to acquire a very profitable business with still scope to build on the current levels of sales, in particular through longer opening hours. New owners will benefit from very well presented and equipped premises.

Tenure: Held on the residue of a renewable 9 year Lease which commenced in 2018, current rent £17,100 per annum.

Rates: Currently 'Nil' after 100% rate relief.

Price: £59,995 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Bournemouth (0.4 mi)
  • Pokesdown (1.9 mi)
  • Branksome (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

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

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Map & Street View

Nearest stations

  • Bournemouth (0.4 mi)
  • Pokesdown (1.9 mi)
  • Branksome (2.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 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 G34082R. 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 EM&F , Devon. 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.

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