Highly rated Convenience Store business for sale
- Asking Price: £59,995 +SAV
We are advised as per the 2021 accounts, the business generated a turnover in the region of £309,000. 2021/2022 financial information will be available shortly.
Please quote reference B06805
- Tenure: Leasehold
Please quote reference B06805
Hilton Smythe is pleased to welcome to the market Broadway’s, a well-established and popular village-style shop specialising in fresh and local produce. Operating from purpose-built premisses with an attractive frontage, and spacious and airy first-floor accommodation, the business has been developed through a focus on high-quality products, local produce, and freshly-made sandwiches, and has plenty of scope for further expansion. The shop would be ideally suited to a purchaser wishing to continue the vendor’s work in transforming the store into an emporium of local produce and an attractive destination shop.
The current owner purchased the long-established business nearly five years ago, and it is now reluctantly offered for sale due to the owner’s desire to focus on other interests.
This highly-desirable lifestyle shop currently offers a wide variety of products, including confectionary, chilled foods, freshly-made sandwiches, tinned and frozen foods, ice-cream, soft drinks and alcohol, and household goods. The business also offers a comprehensive menu of hot and cold foods as well as freshly-brewed coffee, all of which is prepared on-site, and customers are welcome to enjoy their food either on-site or off-site with indoor and outdoor seating areas. The owner has advised that the real profit margins derive from the sandwich business, which has proved highly popular with tourists, residents of Southbourne, and local tradesmen.
The business is currently operating extended hours 6 days per week (7 during the summer months), however there is scope for increased sales via delivery platforms (e.g. Deliveroo, Uber Eats) and the use of social media and a modest marketing campaign in order to draw further attention to the business’ excellent service and products.
- Glazed double upright freezer
- Glazed single freezer
- Ice cream serve over counter
- Four-door glazed chiller
- Bean to cup coffee machine
- Two touch-screen EPOS tills
- National Lottery machine
- Countertop refrigerator
- Flat-top steel griddle
- Dual panini grill
We have been advised that the business is currently managed by the owner, in addition to two casual part-time members of staff.
We are advised that the business hours are -
Monday - 08:00 - 17:00
Tuesday - 08:00 - 17:00
Wednesday - 08:00 - 17:00
Thursday - 08:00 - 17:00
Friday - 08:00 - 17:00
Saturday - 08:00 - 14:00 (08:00 to 17:00 during summer months
Sunday - Closed (08:00 to 17:00 during summer months)
During the summer, subject to the weather, the current owner will often stay open until 9pm in order to capture the passing evening trade from those returning from the beach.
This thriving business, ideally located in the desirable coastal suburb of Southbourne, boasts an established and well-heeled client base and also benefits from the extensive seasonal trade brought by holidaymakers to the region ( ~ 1 million per annum) attracted by the local tourist hotspots. Indeed, within walking distance is the famous Hengistbury Head with its nature reserve and visitor centre, Mudeford Spit with its highly sought-after beach huts, and the glorious Southbourne Beach with views over the Isle of Wight to the east and over the whole 7-mile stretch of Poole Bay. The vendor believes that there would be a lucrative trade in delivering food and sandwiches to the nearby beaches and the Mudeford beach huts, and this is something that will be implemented in the coming months.
This part of Dorset is an extremely desirable residential coastal area where demand always outstrips supply; the nearby A35 and A338 provide good communication links throughout the area and provide easy access to neighbouring Hampshire and the New Forest. With most comparable flats in the area being leased at £1,500 PCM, this opportunity proves a real bargain, with the attractive first-floor 2 bedroom flat being leased inclusively at this price in addition to the ground-floor commercial property.
The business is also optimally situated in a shopping parade, surrounded by complementary businesses such as a post-office/newsagent and a fish & chip shop. The parade benefits from its own access road which provides easy parking for customers; additional free restricted and unrestricted car parking can be found in the neighbouring residential area.
The store is very well-presented with an eye-catching double façade fitted with a retractable sun-canopy above; the double-glazed central entrance opens onto the carpeted retail area with its high ceilings and fluorescent strip-lighting. To the rear, there is a confectionary display, and access is granted to the rear storeroom fitted with vinyl flooring, work counters, hand washbasin and storage shelving.
The ground-floor kitchen is shared with the residential space and has been recently refitted with non-slip flooring, work counters, storage cupboards, a stainless steel sink, a commercial extractor canopy, a new gas-fired boiler, and strip-lighting. It also comprises an induction hob/oven, griddle, twin-contact panini grill, refrigerated salad bar and more.
The private well-appointed first-floor accommodation, reserved for use by the business owner only, includes a spacious living room, two large double bedrooms, shower room and separate bathroom. The flat’s extensive landing area might well be adapted into a dining or office area or with a small amount of alteration an upstairs kitchen could be installed. A conservatory provides utility facilities with space for a washing machine, dishwasher and storage. A large garage, storage shed, private yard and parking space for one car/van is located to the rear of the property, and the flat can be accessed via either the shop or the glazed double-doors to the rear of the property.
We are advised that the business is being sold on a Leasehold basis, with 10 years remaining on the 15 year lease. The rent is £1,500 per month.