 | High Turnover Newsagent Convenience Store For Sale Sold (Subject to Contract) Sheffield, South Yorkshire, United Kingdom Advert ref: 1460GT FINANCIAL DETAILS | Asking price: £110,000 Sales revenue: £520,000 Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | An unusual opportunity to acquire a very long established (over 30 years), well-presented, spacious and modern, high turnover Newsagent, Convenience Store & recently granted Off License (October 2007), with the additional benefit of two bedroom family accommodation, occupying a quite superb, enviable main road trading position within the popular and bustling Sheffield village/suburb of Woodhouse Mill.
The business retails an extensive range of counter news and magazines with seven a.m. and four p.m. news delivery rounds to the local area, and additionally offers a wide selection of convenience goods, including tinned foods, pet foods, tobacco, confectionery, pre-packed sandwiches, dairy products, fresh bread, household goods, cards & gifts etc. The premises have the added benefit of the Payzone facility on site, and the business is a National Lottery agent.
Additionally, though the business has been granted a license to retail wines, beers and spirits between 5am and 10pm each day, due to their intended sale of the business our clients have not yet introduced alcohol products into their range. This is clearly an area of very significant potential for the new owners of the business.
‘Jo-Ann’s’ is an excellent, profitable, high turnover business, extremely well known in the local area, with a loyal and constantly increasing client base, now offered for sale at a very realistic asking price by our clients due to their family commitments, presenting an excellent, genuine opportunity for significant further development by the hands-on and enthusiastic new owner/operators.
Premises:
Ground Floor: Well presented, spacious and modern, extensively refurbished retail shop premises with an excellent range of high quality trade fixtures and fittings including display shelving and racking, cold drinks cabinet and chilled food cabinet etc. Customer service counter. Payzone machine. WC, kitchenette & storeroom to the rear.
First Floor: Spacious family accommodation with dining kitchen, living room, bathroom with shower, double bedroom.
Second Floor: Further large double bedroom.
Exterior: Large yard to side and rear. Double garage.
The premises are protected by a CCTV security system Redcare police linked burglar alarm system.
Please Note: Despite the recent acquisition of an Off-License, our clients do not currently sell alcohol. It is a reasonable assumption that turnover will increase significantly once alcohol products are introduced and opening hours are extended.
Financial Details:
Weekly Sales: Circa £7,500.00 to £8,500.00.
Weekly Lottery Sales: Circa £3,000.00.
Payzone: Circa £600.00 to £750.00.
Accounts information will be made available once the business has been viewed.
Viewing: Strictly By Appointment.
Please telephone this office on 0114 2356600 and we will arrange a suitable time for both parties.
Offers: All offers are for the leasehold, goodwill, fixtures and fittings and should be made to this office.
|
GENERAL INFORMATION | Trading hours: 7 Days: 5am to 8pm.
Property: Leasehold
Lease terms
Tenure: The premises are held on a 10-year lease from December 2006.
Rent: £1,897.00 per quarter including VAT.
Monthly Rates: Business £41.00- Flat £69.00.
Location
Woodhouse Mill is an established and popular Sheffield village suburb, well positioned for the M1 motorway and major road networks. The business occupies an extremely prominent position, on a busy main road at the heart the extensive and thriving local residential community
|
The Business Partnership - South Yorks, North Notts, North Derbys | | | |
