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Impeccably Present Convenience Store For Sale

Woking, Surrey
Asking Price:
£64,995
Sales Revenue:
£392,603
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market the Londis Convenience Store, Woking.

The store was established by our client in 2011, who is now selling the business to retire.

The store is extremely well organised and equipped, offering a wide selection of

• Groceries
• Household goods
• Confectionery
• Hot and cold drinks
• Alcohol
• Stationery
• Greeting cards
• Newspapers
• Magazines
• Frozen food
• Deluxe range of ready meals
• Pharmacy items
• Lottery
• Cigarettes
• Ice cream
• ATM machine
• Sandwiches and freshly baked bakery products

Being a part of the Londis franchise group allows the business to offer a much larger range compared to a normal convenience store and the week special offers attracts a loyal base of local customers. Our client advises the business attracts local residents, school children and young families, passing trade including work and builders.

Our client and his family are well known within the area for offering excellent customer service and often order new lines on request, to ensure consistent repeat trade.

The business benefits from a 5-star Hygiene rating and attention to standards have resulted in outstanding feedback from both the Londis group and local council.

Currently run to suit our client, the business still offers any new owner the opportunity to grow current sales. A new owner may look to extend the current opening hours, add a local Post Office counter, offer local deliveries, increase the range of food to takeaway, add more fresh meat products, flowers and fresh fruit/veg lines.

The business is impeccably presented with excellent assets and storage facilities.

Hilton Smythe advise early viewing to avoid disappointment.

Location
Londis convenience store is located on Wych Hill in Woking, Surrey.

The popular local store is positioned on the corner of a small parade of shops which includes a Hair Salon, Insurance Broker and Newsagents.

The business benefits from free roadside customer parking as well as being directly across from Crofton Healthcare and SMC Seat.

There is a large area of residential housing surrounding the store and the M25 and A3 are less than 2 mins drive away.

Woking is a town in Northwest Surrey and in the edge of Greater London, with direct trains from Woking mainline station into Waterloo taking just 24 mins.

Premises
Ground floor

• 2 x new glass topped display freezers (contains the new range of ‘Gourmade’ ready meals)
• Large crisp stand
• Confectionery display shelving
• Large open chiller (approx. 7-8 M in length)
• Fresh fruit and veg chiller
• 2 x Upright glass fronted display freezers
• Newspaper and magazine stand
• ATM machine
• 2 x central gondoliers for groceries & household goods
• A large open chiller for beers and wines

The main counter positioned to the right of the store includes an EPOS till system, card machine, lottery terminal with rear spirit shelving, cigarette gantry and pharmacy section.

Rear store room includes:
• Stock shelving
• 2 x chest freezers and backup storage chiller
• Office
• Kitchen with fan oven
• Microwave and sink unit
• Staff toilet

There is a recently upgraded CCTV system with 16 working cameras, Air Con unit and security alarm system.

Tenure
We are advised the business is been sold as a Leasehold opportunity with a renewable lease in place.

Original length of 9 years with 2 remaining, with a annual payable rent of just £11,500.

Our client informs us the business also benefits from full small business relief on the rates with 0 payable in the current year.

Hours
The business opening hours are 7 days a week.

Monday to Sunday- 7 am to 9 pm

*opportunity to open later

Staff
The business is run and managed by our client, with the help of his wife and 3 x part time members of staff.

Financial Profile
The Londis generated an advised turnover of £392,603 from the 2017 accounts with a gross profit of £68,152. The assets are valued in the region of £40,000.

Property information

Property:

Leasehold

Contact Information

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    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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