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Freehold Convenience/News/Off-Licence - Warwickshire For Sale

Nuneaton, Warwickshire
Asking Price:
£324,500
Sales Revenue:
£280,800
Cash Flow:
Available on request

We are delighted to be able to provide you with the chance to acquire a long established freehold convenience store and off licence situated in a busy suburban area of this popular North Warwickshire town. As well as the business the property also includes substantial family accommodation with many newly fitted items together with extensive parking and a large garden.

The business enjoys solid takings built over the many years that the current owner has been here and together with the property on offer provides a wonderful opportunity for a hands-on family to run a successful operation and enjoy the living accommodation that will be theirs as well.

The business itself
The shop has been family run for over 20 years and has built a strong customer base over that period as is shown by the weekly takings in the region of £5,400 and we are advised by the owner that a gross profit of 19.7% is currently achieved. The weekly news bill is £300 p.w at cost and there are at present 2 morning delivery rounds and 2 on a Sunday.

The shop sells a wide range of products including newspapers, magazines, greeting cards, groceries, toiletries as well as a sizeable off-licence selection.

The business benefits from a large parking forecourt to the front, a bus stop close by and 4 schools in the surrounding area. It further benefits from low overheads as there is no wage bill, currently nil rates and of course no rent to pay.

Accommodationall measurements are approximate and for guidance only.

Business Premises:
The large forecourt allows for parking for 6-7 vehicles and leads to the entrance to the refitted sales area measuring approx. 630 sq. ft. The shop benefits from a terrazzo tiled floor, new suspended ceiling with recessed lightings panels, CCTV cameras and split screen monitor. To the rear of the shop is a cloakroom with low-level w.c and wash hand basin, lobby with radiator leading through a door to the stock room.

Fixtures and Fittings to the shop include a 5-tier news/magazine display, greeting cards stand, two runs of double-sided display shelving and off-licence shelving. There is then also a Walls ice-cream cabinet, a Tefcold double-door freezer display cabinet, chilled cabinet with pull-down blinds and a chilled drinks display cabinet. The shop is finished with a purpose-built counter with open front snacks/crisps display and EPOS register on top.

Private Residential Accommodation:
The spacious, centrally heated and double-glazed accommodation comprises

Lounge (20'6" x 15'6") – with gas fire, radiator, two windows.
New fully fitted Kitchen (13'6" x 13') – with wall and base beech units; spotlights; 7-hob Belling gas cooker; built-in dishwasher; fitted fridge freezer; stainless steel sink; plumbing for washing machine; Combi boiler.
Bedroom 1 (13'max x 16'6") – windows to two elevations, radiator, cupboard space.
Bedroom 2 (14'3" x 9') – with radiator.
Bedroom 3 (11'3" x 8'3") – radiator, loft hatch. Bathroom new fully tiled walls and new flooring with suite of bath, heated towel rail, low-level w.c. and wash hand basin.
Walk-in Store (11'6" x 2'6") – on Landing.
Outside – Large Garden overlooking countryside and school playing fields. Patio area, concrete base for shed. Single car Garage.

Energy Performance Rating: 'D'.

Property Information

Property:

Freehold

Living Accommodation:

Accommodation Included.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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