Are you a Business Owner?
Set up your Private Seller Account and create your listing todayGet Started Here
Established Since 2002
Accounts to Year End 31 August 2016
Annual Turnover: £302,258
Gross Profit £50,819
Rent: £279 Per Week Including Flat
3 Bedroom Accommodation
Potential to Increase Opening Hours
EPC - D
REF 5521 – Convenience Store
Blacks Brokers are proud to bring to the market this leasehold convenience store located in the much sought after area of Newbury in Berkshire.
A business of this nature has been trading at this location since 1950 with our client taking ownership in 2002. In this time the business has generated a solid relationship with the local community.
Newbury is a historic market town in the west of Berkshire. It is well linked with the A34 and the A339. The business itself is nearby Newbury Racecourse.
REASON FOR SALE
This business is only being offered for sale due to our clients wish to retire, creating this superb opportunity to obtain an established business in this busy and thriving area.
The business is held on a Full Repair and Insure (FRI) lease. The lease is 15 years in length with the current lease having 10 years remaining at a cost of £14,500 per annum including the flat.
BUILDING LAYOUT AND DESIGN
The business is positioned in a busy and well populated residential area. The business is housed on the ground floor of the 3 storey property. The business is double fronted with large colourful signage on display. Inside is the large open plan store with shelving and chillers to the outer walls and gondolas creating the middle isles in the centre. To the rear of the shop there are 2 store rooms and a toilet.
Above is a 3 bedroom flat which consists of two double bedrooms and one single room, a kitchen, bathroom, living room and dining room. The business is well presented with good quality fixtures, fittings and equipment in place.
The business currently run by a husband and wife team with the occasional casual member of staff.
Financial details are available upon a viewing of the businesses. Sarah’s News currently generates an annual turnover of £302,258 which includes Lotto and Paypoint, with Lotto currently generating approximately £1,000 per week, as does Paypoint. This is a solid investment for any new owner.
This leasehold business offers a solid and consistent business opportunity and it delivers impressive weekly takings. There is plenty of scope to develop the business further by opening later as they are licensed until 10pm. In addition our client has informed us there is no longer a contract with Mace leaving this open to continue with Mace or completely re-brand. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Opening hours - Mon - Sat 6:30am - 7:00PM
Sun - 7am - 1pm
If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.Sell Your Business