Business Overview:
Londis Convenience Store/Off License Upmarket Bustling Town, - Established 37 Years. W/T: £9,000 GP: 19% ATM Commercial £1,500 Per Month.
Flat Rental Income: £1,200 Per Month.
Pay Point Takings £5,000 per Week
Scope For Papers/Bake N Bite/Extensions Hours/Lottery & Western Union.
The business offers all the usual items you would expect to find in a Londis store. The store has one of only a few ATM machines locally and consequently has large volumes generated. They receive £0.35 per withdrawal for the first 1,500 transactions per month and £0.65 for each one thereafter. The total monthly income for the ATM is between £1,500 - £2,000.
Included within the rent are two first floor apartments, which are both let at £600 per calendar month each.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Business Premises
A very large and double fronted premise decorated and equipped to a very good standard and consisting of the following:
Ground Floor
Entrance floor leading to the sales area with serving counter and cigarette gantry to the rear, alcohol, news and magazines displays. 5 chiller cabinets, 3 chest freezers and 1 large open chiller.
4 long rows o well stocked racking, shelving to external walls.
Through to large stores with a walk in fridge, chest freezer and racking.
Access to self contained yard via the stores.
The stores has the added security of a Red Care Alarm system as well as CCTVC with 3 cameras.
The ATM machine is filed regularly by the provider.
Separate rear access to the two first floor apartments which are rented out.
Market Competition and Expansion:
The business, whilst trading very successfully, has huge scope in which to build both its turnover and profits further by:
1. Offering newspaper and magazine news rounds.
2. Opening earlier to catch the morning trade.
3. Providing hot food such as bake ‘n’ bite.
4. Applying for the lottery and western union.
5. Offering Ethnic minority foods.
6. Window advertising.
7. Advertising – only currently uses Yellow Pages and Thompsons.
Reason for Selling:
retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: