Convenience Store Property For Sale in Portsmouth in Portsmouth
Description
Please contact the property agent, Christie & Co, Retail on 03330342041
Key features
- Leasehold (£50k)
- Annual Rent (£10k)
- Adjusted net profit c. £38k
- Gross weekly sales currently c. £6,000
- Busy arterial road within a residential area
- Established business with repeat customers
- Opportunity to increase margin with a rebrand
- No fixed trading ties EPC rating – C
- Christie & Co Ref: 3818274
LocationThe property is situated on a busy arterial road in a well populated residential area, just a short walk from Cosham train station and a busy highstreet.
Cosham is a large and busy suburb of Portsmouth with lots of residential properties and some keys roads offering passing trade. It is well situated just off the M27 and a short drive from Portsea island which attracts lots of shoppers to the Spinnaker tower, Portsmouth harbour and Gunwharf Quays shopping centre.
Internal DetailsThe recently refitted till is located directly on the right as you walk into the shop with the lottery stand, vapes and impulse purchase items present.
Throughout the whole shop there are 4, 5 or 6 shelves worth of stock, offering beer, spirits and wine, amongst other alcoholic drinks and confectionary.
There is also a storage room to the rear of the shop and a WC.
Fixtures & FittingsWe are advised that the majority of fixtures and fittings are owned outright. An inventory is available on request.
External DetailsThere is a busy sidewalk with lots of passing buyers out the front and a public car park over the road.
The shop has lots of advertising space in the window to display any current offers or advertise popular items that they have in store.
The OpportunityThis business offers a great opportunity for someone seeking an attractively priced and well established business on a busy parade of shops adjecent and a large amount residential property around.
The store currently benefits from Bargain Booze affiliation, but no trading ties offering the opportunity to rebrand if desired.
StaffThe business is currently run by 1 full time member of staff and 2 additional part time staff members.
Trading InformationWe are advised the store trades at around £5,000 per week
Financial Accounts Year Ending 30/04/2023
Turnover £260,776
Gross Profit £77,501
Adjusted Net Profit c£40,000
Trading HoursMonday to Saturday: 10.00am-11.00pm
Sunday: 10.00am-10.30pm
TenureWe are offering the assignment of this 15 year lease from 10/08/2016 with a rent of £10,000 per annum
Business RatesThe business currently qualifies for full small business rates relief, meaning nothing was payable in the last accounting year.
Please contact the property agent, Christie & Co, Retail on 03330342041
Property Documents
Address
Open on Google Maps- Address Bargain Booze, 5 Spur Road Cosham, Portsmouth, United Kingdom, PO6 3DY
- City Portsmouth
- Zip/Postal Code PO6 3DY
