Established for over 50 years, the business has been under ownership of our clients since 1986 and is situated in the heart of a large housing estate, enjoying little competition and a constant and heavy foot flow. Increases in turnover have been achieved through a substantial scheme of refurbishment undertaken by our client which saw large sums invested into the premises. Offering a range of goods including tobacco, alcohol, confectionery, general groceries as well as lottery and Payzone facilities, the business also has 10 morning and 10 afternoon delivery rounds to the local community with a news bill value of approximately £1,500 per week.Located on a small parade of complementary businesses, the surrounding area is comprised of residential properties whilst the road immediately in front of the business is a main thoroughfare for the estate and so sees large volumes of traffic throughout the day whilst unrestricted car parking can be found on the surrounding streets.
The business also consists of accommodation consisting of a kitchen, cinema room, two lounges, four bedrooms and a bathroom as well as two garages and an enclosed garden with a patio and decking area. There also is scope to further facilitate turnover by extending the range of product lines in the store and the potential to increase trading hours.
The business received 39 viewings and 12 offers before finally being sold to a private buyer, who wishes to retain all staff, in a £265,000 deal which was negotiated by Gemma Moss of Knightsbridge Business Sales.
