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Finance And Services:

Business For Sale. Convenience Retail Shop In A Prime Resort Town, High Street Location

LISTING DETAILS
Firms For Sale ID:
34947
Vendor reference:
AA010
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£300,000  
Turnover / revenue:
£344,000
Net profit / cashflow:
£100,000
Years established:
3
Trading hours:
Monday Saturday : 09:00 18:00 Sunday: 11:00 16.00 during school holidays
Number of employees:
2
Employees / staffing:
The vendors are ably supported by two reliable part time staff members who are equally responsible for, retailing, merchandising, cashier, packing and filing.

OTHER DETAILS
Reason for selling:
Genuine retirement sale.
Support and training:
The vendors would be happy to stay and hand over and are happy to provide training for an agreed handover period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The premises are leasehold with a 5 year renewable lease. The square footage is circa 1,200 sq. ft and includes a shop floor, stock room and office area. The annual rent & rates is circa GBP 16,000.
 
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BUSINESS DESCRIPTION
Convenience Retail Shop in a prime Resort Town, High Street Location
Ref. AA010
Location : West Sussex
Asking Price : GBP 300,000 inc.stock
Extremely well established convenience shop, owned by the present Husband & Wife team since 2015. The business is in a prime high street location, being one of the main thouroughfares into this busy and popular West Sussex seaside Town and well positioned among other premium retailers with established clientelle. The close proximity to many South Coast resorts and other dense residential areas provides an excellent and willing customer base.
Well known in the locale for the wide selection of products, from common daily household essentials to health & welfare items. The real power and energy of the shop comes from the attentive and courteous service provided by the staff and the high levels of customer service and satisfaction they generate.
Not surprisingly, the shop enjoys a good level of patronage, the store enjoys a high perecentage of repeat custom.
This opportunity is an ideal business for anyone looking to engage with the Health Food & Supplements sector or for someone already in the sector looking for a strongly performing, additional outlet to bolt on to their existing business activities.

Expansion Potential
The business has grown organically and with further marketing for both the shop and the creation of a website could build on the existing excellent customer base.
In addition to this a new owner could open the shop for longer hours or bring new ideas for new product ranges to the customer base.

Market / Competition / Non-Competition Agreements
The business has free listings in local publications and their online versions.