Leasehold Convenience Store & Off License Located In Atherstone

Atherstone, CV9 1QJ
£149,950
Business ID:
#2519
£149,950
  • Ref: 2519
  • Type: Retail
  • Availability: Sold
  • Veritas Categories: Retail, - Off License
  • Business ID: 2519
  • Commercial Tenure: Leasehold
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Property Features

  • Established Business
  • Leasehold Convenience Store & Off License
  • High Turnover Business
  • Further Potential
  • Surrounded by Residential Properties
  • Fully Fitted

Full Details

Leasehold Convenience Store & Off License Located In Atherstone
Retail (1,000 Sq ft)
Ref 2519

Location
This well established and respected Convenience Store & Off License is located in the small market town of Atherstone in Warwickshire. Situated within Laurel Gardens which is a purpose-built development of 70 bungalows and flats which provide extra care for the elderly. Facilities include a restaurant, hair salon and Mancetter Sores which acts as its very own on site convenience store. The immediate area is densely populated with residential properties and benefits from two schools and plenty of nearby industry and businesses. All of which bring decent levels of footfall to the aera. Access is easy being just off the A5 which opens up the A444, M42 and M69 motorways.

Asking Price: £149,950 plus SAV (£20,000)

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Convenience Store & Off License which is located in Atherstone. The business has been established for over 50 years and has been in the careful hands of our client for the past 15 years. The business is now being offered for sale due to a new family addition expected in February 2021. Since ownership they have continually 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. Mancetter Stores is owner operated and employs the help of 5 part time members of staff and has an impressive weekly turnover of circa £17,500. The National Lottery brings in additional sales of circa £1,000 per week and Pay Point another circa £3,200 per week. They retail a fine range of groceries, bread, frozen foods, dairy produce, stationary, cold drinks, slush puppies, confectionery, newspapers, magazines, greeting cards, hardware, toiletries, pet foods, tobacco & vape products, beers ,wines and spirits. Other services include an instant coffee machine. We believe that there is further potential to increase trade by expanding the product range and offering bake-off food to go items. The business enjoys 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 gem is not to be missed.

Opening Hours
Monday – Friday – 7.00am – 9.00pm
Saturday & Sunday – 9.00am – 9.00pm

Leasehold
Original term: 10 years
Remaining: 6 years
Rent: £8,340 pa plus vat
Reviewed: 5 yearly
Rates: zero

Ground Floor
Retail sales area comprising: serve over sales counter with EPOS till system, National Lottery terminal, dual slush puppy machine, tobacco kiosk, vape display cabinet, 3 door upright beer fridge, single door upright fridge, double door upright freezer, large chest freezer with 4 sliding door top, ice cream freezer, 2 door upright cold drinks fridge, 3 door upright dairy fridge, newspaper stand, 3 central display isles, sales and display shelves, coffee machine and microwave.
Stockroom with storage shelving, stainless steel sink drainer, work top, wall & base units, upright dairy fridge, CCTV monitor and rear exit door.
W/C with wash basin.

External
Rear yard with double gated access. Side yard area with wooden shed for newspaper deliveries.

The premises benefits from CCTV (8 camera system), air-conditioning unit/hot air blower, an intruder alarm and electric roller shutter door to the frontage