Two Adjacent English & Continental Convenience Stores For Sale

Business description

Two Adjacent English & Continental Convenience Stores with Cafe and Deli Bar and 3 bed Flat

These two adjacent stores are busy independent Convenience stores fitted out to a very high standard and serving the local community. The store has been established on this site for over 34 years and enjoys an excellent catchment area that benefits from the trade of many local households. This business is ideally placed with high levels of passing traffic throughout the day, seven days per week. In addition to groceries the store offers a wide range of products including all major brands of general goods, food, general convenience products, alcohol, cigarettes, fresh fruit, vegetables, confectionery and deli bar etc .The store is also a newsagent selling papers and magazines to customers who also benefit from the lottery, Western Union Money transfer and ATM Machine, all of which which yield high returns to the owner.

The business also operates the cafe next door serving fresh sandwiches and hot and cold meals and drinks. This store is the “place to meet” for the morning paper a great cup of coffee and a freshly baked treat.. The location of this business also brings in a constant stream of business, located as it is on one of the busiest roads in the area and with plenty of parking available. This is a high margin business with solid growth opportunities.

The business operates from a prime location in Luton and has established itself as one of the region’s leading independent convenience stores and cafes partly due to its excellent location and reputation. This store draws a lot of repeat traffic as well as new customers on a daily basis.

The current owner has operated this business, with his wife, for the past 34 years and has now decided to retire. The business is further supported by exemplary relations with key suppliers who have helped to ensure that whatever the product, service and availability is never compromised and that customers are as a result never let down.

The location of this business also brings in a constant stream of business, located as it is on one of the busiest roads with plenty of parking available. This is an extremely profitable business with excellent turnover and profits and is offered at a very realistic price for a quick sale. Rapid commercial development in this area renders this popular business an excellent opportunity!

Equipment:

All of the fixtures and fittings currently installed and used by the business including coolers and chillers are all included in the asking price.

Customer Service:

The business has strived to build and maintain long-term relationships with its customers that endure because they are based on mutual benefit. Providing high-quality service to all customers at all times. The company are proud of the service that is offered to customers. The results of this commitment are evident in the degree of return customer.

Key Strengths:

The business is well established and very profitable, with a strong and growing customer base, retaining a high level of return customer, many of whom having done so on a regular basis and for many years. The store is ideally positioned and eye-catching. The company has earned an outstanding reputation for its honesty, service, reliability, casual and open customer experience, excellent quality. The range of product available with store also makes the business more lucrative.

Financial Information:

The business is offered for sale as a going concern. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The business is financially stable with low overheads and a steady growth pattern. Turnover is currently circa £8,000 per week, excluding Lottery, ATM and Western Union Money Transfer business.

Property information

Property:

Leasehold

Lease terms:

These high quality premises are leasehold, and rent is currently circa £18,000 per annum.

Location:

The premise consists of a café, convenience store plus a three bed flat with kitchen & balcony. These high quality premises are leasehold, and rent is currently circa £18,000 per annum. There is an excellent longstanding relationship with the landlord, and a new lease could be negotiated on terms agreeable to both parties. With a new lease available means this will always be a highly desirable business unit.

The Store is ideally located in market place and in a prominent, highly visible corner trading position, close to the traffic lights. And is a popular resource with current major clients and potential new clients.

There is sufficient parking with the premises. Adjacent to premises is a medical centre and many local housing and a car park just across the road.

Other information

Expansion potential:

The business has established an extremely strong name and brand identity, from which there are known to be material growth opportunities for the future. This business has continued to grow and expand every year and there is unlimited potential for further strategic expansion. This business is based in an attractive location and could certainly achieve increased sales and profits. The owner recognises that while the business is acknowledged for its quality and service, more assertive marketing of the Company’s portfolio of products will help build this excellent business into an even bigger cash earner for any enthusiastic new owner. The business is also one which occupies superb premises. There is a clear opportunity to develop premises.

Competition / Market:

Having been established over 34 years this business does little by way of local advertising, the business has a large repeat client base enjoying high levels of repeat business, testimony to the excellent reputation this business has for its unique, high quality product range and customer service. The business for sale benefits from excellent trading location with a high volume of passing pedestrian and vehicular traffic.

Support & training:

The owners are happy to assist with full hand over and the training to ensure a smooth transition of the business to its new owners.

Reasons for selling:

This is a genuine retirement sale.

Trading hours:

The store is opened Monday to Saturday from 09:00am to09:00pm and on Sunday from 10:30am to 09:00pm.