Hilton Smythe is delighted to introduce to the market Poppins Pantry. The business is well established, originally opening its doors in 1995 by our client.
Our client is now looking to sell the business due to the desire to take a well deserved retirement. This store generates a fantastic turnover of around £381,060 per annum with a gross profit of 14%.
The business runs as a general store, newsagents and an off licence filling its shelves with all conveniences. The turnover is generated from the sale of alcohol, cigarettes, fruit and vegetables, pet food, magazines, newspapers and the lottery. In the store is a small hot drinks machine, paypoint and a printer from which a little extra income is made.
Only recently has our client introduced fruit and vegetable sales. There is a small lock up stand outside the property, from here they sell a vast range of fresh produce. This has been a great success to the business.
This large store highly benefits from sales generated by regular repeat customers, there is also a lot of sales from passing trade. To the rear of the store is a large carpark allowing for customers to easily call in
This is an excellent turnkey opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.
Poppins Pantry is situated just on the outskirts of Penkridge, Staffordshire.
Penkridge is a highly populated area, with fantastic road connections. The town centre is just a short walk from the business. Running through the town centre is the A449, this road connects Stafford and Wolverhampton. The business is just a short drive from the M6 motorway which runs all across the country.
This particular area is residential, the business derives much of its trade from the locals. There are very few shops around, benefiting the store highly. This is a lovely area to live and work as there is a beautiful canal just 2 minutes away. Around the area are several bus stops and in the town is Penkridge train station, giving this area great public transport links.
The premise is a 3 storey building, however the first and second floor are not included in the sale.
At the side of the property is a large drive which leads to the carpark at the rear of the premise. The store has great signage and is very attractive.
The entrance to the property is at the side this is accessible via the ramp or steps. Near the entrance is the small lock up which stores the fresh fruit and vegetables.
Once inside the store the shop area is a large l shape with centre display aisles. There is perimeter shelving throughout, stocking a fantastic amount of products.
Equipment included in the sale is as follows-
2 x Display chest freezers
Magazine and paper racks
Three tier ice cream freezer
Two door drinks chiller
2 x Two section open chiller units
Printer/Copier machine which is owned by Toshiba.
In the back there is a store room with shelving, kitchen, w/c and an office area for staff. There is also another store room with shelving.
The property is well secured with an audible alarm system and a CCTV system with 16 cameras.
We are advised the business is leasehold
Original lease length 10 years
New lease available on negotiation.
Reviewed every 5 years.
Rent £500 per month
The business opens:-
Monday-Sunday: 5am – 10pm
The business is run and managed by the owner.
The business reports a turnover of £381,000 per annum
With a gross profit of 14%