Leasehold Polish Convenience Store & Off Licence Located In Coventry
This delightful Polish Convenience store is located on Humber Road (B4410) in Coventry. It stands within a prominent and highly visible trading position on a corner plot where it meets Bolingbroke Road. Humber road is one of the busy main roads leading into the City centre which is approximately half a mile away. The town offers great retail shopping and an array of restaurants and bars. Coventry has great transportation links and has been named the UK’s city of culture for 2021, giving it a one-off opportunity to boost the economy, tourism and civic pride.
Asking Price: £39,000 plus SAV or with no SAV
Veritas Business sales are delighted to offer for sale this respected Polish Convenience Store which is located in Coventry. The business has been established for over 10 years and has been in the careful hands of the current owner for the past 6 years and is reluctantly being offered for sale so that they concentrate on other business interests. Since ownership they have undertaken considerable refurbishment and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. AGA is owner operated and employs the help of 1 full time member of staff and has an annual turnover for year ending February 2019 of £283,519 net of vat with a GP of £120,252 (42%) which is double the margin of your average convenience store. They retail a fine range of deli produce from the cold meat counter, beers, wines, spirits, soft drinks, confectionery, dairy products, groceries, fruit & veg, ice creams, frozen foods, bread, hardware, toiletries and bake-off products. We believe that there is further potential to increase turnover should you wish, by extending the current opening times as the off licence hours can be from 7.00am – 11.00pm and by opening on Sundays. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Monday – Friday – 9.00am – 8.00pm
Saturday – 10.00am – 8.00pm
Sunday – closed
Original term: 6 years
Remaining : 3 years
Rent: £13,200 pa
Business Rates: zero
Retail area comprising: serve over chilled cold meat counter (2 metre), sales counter with 2 x cash registers (Casio), 2 x electronic weighing scales, 2 x meat slicers, stainless steel table, stainless steel sink & wash basin with electric hot water heater, CCTV monitor, dairy chiller (3 metre), meat & beer chiller (2.5 metre), upright 2 door freezer, upright single door freezer, ice cream freezer, fruit & veg section, sales & display shelves and 2 central display isles.
Office area and hallway.
W/C with wash basin.
Storeroom with shelving, chest freezer, microwave and bake-off oven (on loan).
Rear yard with parking for (1)
Brick built storeroom with an upright beer fridge, chest freezer and walk-in cold room (capable of holding 7 tonnes of produce).
The retail area benefits from a CCTV (16 camera) system, 2 air conditioning units which also blow hot air, manual shutters to the frontage and an intruder alarm.
EPC Rating E