Ref 5848 – Leasehold Convenience Store & Off Licence Blacks Brokers are pleased to bring to the market this leasehold convenience store and off licence located in the much sought-after area of Ribbleton, Preston. Introduction
Patel’s Convenience Store Premier has been trading on Cemetery Road since 2016 when it was fully re-furbished and re-branded, during that time it has firmly established itself within the local community. The business offers a variety of convenience products and is also licenced for alcohol sales. Location
Ribbleton in Preston is a popular area densely populated both residentially and commercially. The business is positioned on the junction of Hermon Street and Cemetery Road. Trade is a combination of local residents and many passers-by. The area is well linked by the M65 and M6. Free parking is available directly outside the business. Reason for sale
Patel’s Convenience Store Premier is only being offered for sale due to our client’s long commute to and from home. Lease
The current lease details are to be confirmed but the lease runs at a cost of £199 per week. Building layout and design
Patel’s Convenience Store Premier is housed within the ground floor of a large, end of terraced retail unit with the standard “Premier” signage displayed on both sides of the building. The window displays are well presented with special offers and information. Inside, the main retail area is modern and presented to a high standard with tiled flooring throughout and strip lighting. Goods are displayed on wall shelving, central gondolas creating aisles and within display fridges and freezers. The main counter and servery area is stocked with cigarette pantry and National Lottery stand. To the rear is a large stockroom and staff toilet. All areas are presented well with good quality fixtures and fittings in place. Staff
Patel’s Convenience Store Premier is operating with two, part-time members of staff and one, full-time manager in employment. Financial details
Financial details are available upon a viewing of the business and Patel’s Convenience Store Premier has traded solidly over its trading history. The business generates an annual turnover of £196,695 with gross profits of £36,355 per annum. Summary
This leasehold business offers a new owner an exciting opportunity to acquire a well-established and well-known business with good customer base and reputation already in place. There is plenty of scope to develop the business further with additional marketing drive due to the short trading history. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £34,950.
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