£0 £1000000
£0 £1000000

Well Established Convenience Store

Preston, Lancashire

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£36,000 +SAV

Ref: B05483

Leasehold

Overview

Hilton Smythe welcomes to the market Conway Convenience store.  This fabulous convenience store and off licence is in an ideal trading position serving the local community. With the benefit of living accommodation above, or potential to rent out to gain an extra income.

The business has been established for over 45 years with our client taking over in 2009, only now does the business come to market due to family health issues. This is the only shop within the area.

The store currently stocks grocery’s, alcohol, confectionary, hot and cold drinks, newspapers, slushies and other perishables. The business generates a turnover of over £234,000 per annum, with a gross profit of approximately 30%.  

The business benefits from parking spaces to the front, and street parking.

We would highly recommend viewing this well-established store and flat which the current owner has recently renovated.

Viewings are by appointment only and to be arranged via Hilton Smythe.

Turnover
The business reports a healthy turnover of just over £234,000+ per annum with gross profits around 30% (£70,500).

The business is a family concern with 1 staff member.

Monday – Sunday 6.30am – 9.30pm

The business is located on Conway Drive, Fulwood on the outskirts of the city of Preston, Lancashire.

The business is in a heavily populated residential area and is centrally located within this busy town ensuring high footfall.  The business is within proximity of the A6 which leads to the M55 and M6 motorway.

Preston has excellent public transport services with its own railway station and regular bus services throughout the area.

The main retail area comprises of serving counter to the right with cash registers, drinks machine, large open chiller to the left, various chillers and freezer units around the perimeter of the shop.

There are central gondolas housing stock of confectionary and convenience items and upright drinks chiller.

To the rear of the premises is access to the rear covered yard secured with gates, storage room and roller shuttered garage with toilet facilities. 

Access to the 2-bedroom flat is at the rear of the premises, the flat includes a kitchen, 3-piece bathroom, lounge, 2 bedrooms with built in storage and electric cupboard. The flat is newly decorated in neutral colours with new carpets throughout.

Externally the premises benefits from good clear signage with ample free car parking to the front and is installed with cctv throughout.

The Premises is circa 65sqm.

Tenure
We are advised the premises are Leasehold.

The original lease length is 20 years with 10 years remaining, the current rent is £9,000 per annum.

The business further benefits from rates relief.

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