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Established Convenience Store In Blyth Northumberland

£129 950  
  • Form
    Sale established business
  • Activity:
    Running
  • Revenue (per month):
    £4 333
  • Established in:
    2005 (established 17)
  • Type
    Owner

You can confirm information provided by the seller in this listing through:

Business description

Hilton Smythe is delighted to welcome to the market this long established convenience store business. The business was established in 1900 and has been in our client' s careful hands since 2004. The business is only now being offered to the market due to our clients` desire to take a well-deserved retirement. The business is open 6 days a week and generates a turnover in the region of £52,000 per annum with a gross profit of approximately 25%. 21 st Century Convenience Store is a long established convenience store and DVD rental business, the business is very popular in the area and has a large loyal customer base. The store stocks a wide range of products including sweets, chocolate, foods, drinks, alcohol, cards, frozen foods and DVD' s for rental. The 3 bedroom flat above the business is currently untenanted but can draw an income of £450 per month, or equally could be used as owners accommodation. The business a has massive potential to expand turnover. Currently the business is only open from 12 pm to 7 pm, expanding the opening hours could increase the turnover greatly. Introducing pay point, lottery and newspaper sale' s also has the potential to increase income and business. This is an excellent opportunity for a new owner to take this long established business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

  • Business Features:
    • With tangible assets
  • Units:
    Operating business, Premises (buildings)

Geography and location

Transaction terms

  • Price:
    £129 950

Financial information

Monthly averages:

  • Revenue (per month):
    £4 333

Ratio:

  • Price/Revenue:
    2.5x

Corporate issues

  • Number of owners:
    1
  • Reason for selling:
    Нealth (age, fatigue, illness, retirement)

Contact the seller

  • Type:
    Owner

Contact the seller

  • Type:
    Owner

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