Shop

Mailbox Estates offers a remarkable property opportunity to acquire a Convenience store which is located on a busy main road.

The store will suit a multi operator who is looking to build on the excellent foundation of the current operator or a first-time buyer who is looking to delve into the convenience sector.

REASON FOR SALE:
* Our client has owned the business since October 2022 and is now offering it for sale due to their early commitments, as they are still attending university.

THE OPPORTUNITY:
* Main road location
* Ideal for new entrant or existing operator
* Nil business rates
* Further income could be generated by increasing opening hours

LOCATION:
* The store enjoys an excellent location on a busy main road upon local bus routes attracting significant traffic.
*The store enjoys an excellent location on the bustling A4123, attracting significant traffic.
* The surrounding residential area provides a strong customer base, and the presence of various nearby businesses, including a barber shop, and secondary school which enhances the potential for high footfall

TURNOVER:
* We have been advised by our client that the weekly counter sales on average are £5,500 with approximate 30% margins.

INTERNAL:
* The ground floor of the premises boasts a large retail sales area with a stock rooms, a kitchen and W.C. and is offered in good condition.
* CCTV
* Delivery access at the side of the store, directly connecting to the stockroom.

EXTERNAL:
* The store is well presented and maintained, with clear visible signage
* The shop has parking directly outside offering convenience for customers

TRADING HOURS:
* Monday - Saturday 5:00am - 10:00pm
* Sunday 6:00am - 8:00pm

STAFF:
* The business is run and managed by two full time non-family staff.

TENURE:
* Offered through the assignment of the existing lease until 2027 and is renewable.

RENT:
* Monthly rent is £900.00

TRADING INFORMATION:
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.

LEGAL COSTS:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are to be shared equally between the buyer and seller.

DEPOSITS:
* Successful Buyer(s) will be required to pay a non-refundable deposit.

Tenure: Leasehold