Profitable Costcutter Store In A Great Location
- Asking Price: £55,000 +SAV
- Turnover: We are advised the turnover for the business is around £239,915 per annumWith a gross profit of 13%
- Tenure: Leasehold
Hilton Smythe is proud to introduce to the market Alizeh Supermarket. The shop was established in 1985 and has been trading for about 30 years, with our clients taking over the business in 2006 and being well supported by the local community. The convenience store sells affordable products such as sweets, drinks, crisps, groceries, baked goods, alcohol, newspapers and household goods, with stock well-arranged throughout the store. Above the busy shop is a three bedroom flat which is not currently tenanted but could be to generate additional income or equally the flat can be used as owner’s accommodation. This is not included in the price of the rent but is available for £650 PCM if the owner required it. Our client has now decided that he wants to sell the store due to other business commitments that he wishes to fulfil. We believe there is scope for developing the business, perhaps by extending the opening hours or another suggestion is that they could obtain national lottery in the shop and also have a cash machine fitted to increase footfall. I think the new owner of this business would do well getting a popular well known convenience store in a prime tourist location.
The business is run and managed by our client with the help of 2 part time members of staff.
Business opening times- The business is currently open 7 days a week 7:30am-10pm.
Alizeh Supermarket is based in the popular seaside resort of Hoylake on the Wirral Peninsula in Merseyside. The business sits within a densely populated residential area of the town and is ideally located directly facing a busy children’s play area, ensuring excellent footfall within walking distance of the business. The business further benefits from being just a short distance away from the beach and the wealth of town centre facilities and tourist amenities. Either side of the business is 2 very busy roads. The north Parade is set on the beach and is well used by tourists that come into the area. There is also Market Street A553 which is well used by all locals. Just a short drive from the premises is Manor Road and also Hoylake train stations.
The premise comprises of a double fronted lock up shop. The front of the store is clearly signed with advertisements to promote products on offer. The property is secured with metal roller shutters over the windows and door and CCTV covering the whole of the shop. The main shop has a counter to the right hand side and one aisle running halfway up the centre of the shop. All of the stock is well laid out and there are several great promotional displays. There is a large storage and stock area are to rear of shop with a toilet and small kitchenette. The equipment included with the sale is as follows: 1 x Epos till systemAll shelving and racking 2 x Double drinks fridges Large double chested display freezerLarge double dairy upright fridge / chiller
We are advised that the business is LeaseholdOriginal lease length 10 yearsRemaining length of lease 10 yearsReview period 3 yearsRent £800 per month