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Dhillons Convenience Store, 894 Spring Bank West, Hull, HU5 5BL

£75,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Convenience store for sale

Key features

  • A spacious unbranded convenience store
  • Advised weekly sales c£7,500 exl. services
  • Excellent footfall location, school nearby
  • Generous on street parking
  • Scope to increase turnover
  • Limited competition. Energy Rating C
  • Christie & Co Ref: 5417049

Description

Description

Dhillon's convenience store, located in the bustling area of Hull, offers a prime investment opportunity.

Owned and operated by the same family for 15 years, this well-established business benefits from high footfall due to its strategic position on a main road, surrounded by schools, bus stops, and residential houses. The store features convenient free parking right outside, with additional parking at the rear, and is situated on a parade with other complementary businesses, including a gas services provider and a takeaway.

Currently run by the family with no additional staff, Dhillons provides potential buyers with the flexibility to manage the business as they see fit. This thriving convenience store is perfectly positioned to continue serving the local community and offers great potential for growth.

Location

Dhillons convenience store is perfectly positioned amidst extensive housing, attracting a steady flow of residents and visitors. Located in the north-west of Hull city centre, just 2 miles away it benefits from easy access via Willerby Road, ensuring high visibility and foot traffic. The vibrant area enjoys an array of shops, cafes, and restaurants and draws a diverse crowd, making it a bustling hub. Nearby parks like West Park and Oak Road Playing Fields offer excellent outdoor spaces for leisure activities and enhance the area's appeal. The presence of local schools and essential services guarantees a constant demand for everyday necessities. Invest in Dhillon's and tap into a thriving community with great potential for the business.

Fixtures & Fittings

All fixtures and fittings are to be included within the sale however, any items that are owned by a third party or personal to our clients will be exempt.

The Opportunity

This long-established business presents a fantastic opportunity for both first-time buyers and experienced operators to expand and enhance its offerings. With immense potential for growth, the store could benefit from extended opening hours, capitalising on the nearby school trade and early commuters, introducing new services such as a Post Office (subject to application), slush machines, hot food to go, and a full symbol offering. Additionally, the store already features an Amazon locker at the rear, and there is scope to add various parcel services, further increasing customer convenience and foot traffic. This is a prime chance to take a thriving business to new heights.

Staff

The store is solely run by the owner.

Trading Information

We are advised by our client that current weekly sales are in the region of £7,500 including VAT, and excluding services. Weekly services currently are approx. £500 Lotto and Paypoint £500.

Trading Hours

Monday to Thursday: 7.30am to 7pm
Friday & Saturday: 7.30am to 7.30pm
Sunday: 8.30am to 4pm

Tenure

Lock-up only. The vendor will grant a new 15 year lease with a passing rent of £9,600 per annum.

Business Rates

We are informed by our client that they are currently paying zero business rates.

Energy Performance Certificates

EPC 1

Brochures

Dhillons Convenience Store, 894 Spring Bank West, Hull, HU5 5BL

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hull Station2.0 miles
  • Cottingham Station2.2 miles
  • Hessle Station3.0 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 5417049-lh. 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, Retail. 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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