Total of 18659 firms and businesses for sale today Saturday 4th May 2024
Time to Sell or Time to Buy !

Sold. Freehold Independent Convenience Store - Grocers, Fresh Produce

LISTING DETAILS
Firms For Sale ID:
28606
Vendor reference:
AF108
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£775,000  
Turnover / revenue:
£884,000
Net profit / cashflow:
Undisclosed
Years established:
1980
Trading hours:
Monday – Saturday: 7 am – 9 pm Sunday: 8 am – 8 pm
Number of employees:
14

OTHER DETAILS
Reason for selling:
This is a genuine opportunity that has arisen due to family reasons
Support and training:
All support and training will be provided by the current owners during handover as part of a successful sales package.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Living accommodation:
The first floor of the building offers modern well fitted owners accomodation with three bedrooms, bathroom, sitting room and modern kitchen. Additionally the property boasts a first floor roof terrace.
 
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BUSINESS DESCRIPTION
Freehold Independent Convenience Store - Grocers, Fresh Produce, Post Office, Lottery, Newsagent, Hot and Cold Deli plus 3-bed living accommodation
Ref.AF108
Location County Down,Northern Ireland
Asking Price £ 775,000
This busy convenience store supplies a full range of everyday goods to the local community and passing trade, including fresh fruit and vegetables, hot and cold deli produce and freshly baked bread, home baked tarts, cakes etc. The store is also a newagents selling papers and magazines to customers who also benefit from the Post Office and Lottery facility provided.

Family owned, this business was established 30 years ago and has been under the current ownership for 20 years. The vendor took over from his father and mother 20 years ago and has developed and extended the business and since gained an excellent reputation within the local community.

Situated in a peaceful neighbourhood on a village main street the store has substantial street frontage and generates a consistent weekly turnover of approx. £24,000. This is a rare opportunity to purchase a lifestyle busines opportunity with tremendous potential for further growth in a lovely rural location.

Expansion Potential
There are several potential areas for future growth within the business. For example, a new owner may wish to add to the range of produce offered, possibly with the addition of a butchers counter. Introducing a hardware section and maybe off licence sales of alcohol is another possibility, the premises are ideally located for the sale of alcohol products – subject to the necessary licensing.

Market / Competition / Non-Competition Agreements
Due to excellent word of mouth recommendations, the owners of the business have never felt the need to undertake an expensive advertising or marketing campaign. This may be seen as an opportunity by the new owners.