Convenience Store

Convenience Store
Turnover circa: £240k

Adjusted Net Profit circa: £72k

BUSINESS SUMMARY

Business Name: Undisclosed
Location: Undisclosed
Type of Business: Convenience Store

THE OPPORTUNITY

Prime Location: Strategically located in a high-traffic area with excellent visibility.
Established Customer Base: A loyal and diverse customer base that values the convenience and quality offered.
Strong Financial Performance: Consistent revenue growth and profitability over the years.
Comprehensive Product Range: Well-stocked inventory catering to the varied needs of customers, including fresh produce, groceries, snacks, beverages, and household essentials.
Experienced Staff: A dedicated and skilled team that contributes to the efficient operation of the business.

SALE CONSIDERATION

With the owners poised to venture into new opportunities, this opportunity is now on the market, presenting a turnkey operation for aspiring entrepreneurs or existing chains looking to expand. The sale will encompass all aspects of the business, including its prestigious brand, loyal clientele, and experienced team.

FINANCIAL SUMMARY

Revenue streams are diverse and robust, including Lottery, PayPoint, an instore bakery, alcohol, and a strong take local reputation. The business boasts annual gross revenues of over £240k, with a healthy net profit margin.

PREMESIS

The store is located on a busy residential estate and is offered by way of a new lease to be agreed. The vendor has made significant improvements to the property and introduced new low energy lighting and equipment, and the unit has in recent years been renovated with new floor tiles and new false ceilings which offer a warm and welcoming environment for customers and requires no further investment from an incoming operator who can capitalise on the extensive, high quality fit out to date.

Viewing is essential to appreciate the quality of the business on offer.

LEASE TERMS

The property is currently owned by the vendors and therefore a new lease will be agreed for an incoming operator at £27,500 per annum.

BUSINESS OPERATIONS

Staffing:

A team of 6 existing staff members is known for their experience and dedication to the business.

Suppliers:

Relationships with local suppliers, the business has built up lasting relationships with local and national quality suppliers that the incoming vendor will benefit from greatly.

Systems and Procedures:

Documented operational procedures, staff training manuals, and customer service protocols are in place to maintain the businesses high standards. The business utilizes a state-of-the-art POS system for efficient ordering and inventory management.

MARKET ANALYSIS

The convenience store industry in the United Kingdom is a dynamic and resilient sector that plays a vital role in meeting the daily needs of consumers. Characterized by a diverse range of products and services, convenience stores have become an integral part of the retail landscape. This market analysis aims to provide an overview of the key trends, opportunities, challenges, and competitive landscape within the convenience store industry in the UK.

Market Size and Growth:

The convenience store industry in the UK has experienced steady growth over the years. The demand for convenient and accessible shopping options, coupled with changing consumer lifestyles, has contributed to the expansion of the market. The convenience store sector has proven to be resilient, adapting to consumer preferences and incorporating technology to enhance the shopping experience.

The convenience store industry in the UK remains a vibrant and evolving sector with opportunities for growth and innovation. Adapting to changing consumer preferences, embracing technology, and differentiating through unique offerings are essential strategies for success in this competitive market. As the industry continues to evolve, convenience stores that demonstrate agility and responsiveness to market trends are poised for long-term success.

FURTHER INFORMTAION

Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.

For more information please contact us.