Ref 5958 – Leasehold Convenience Store
Blacks Brokers are proud to bring to the market this leasehold convenience store located in a busy and well-populated area of St Helens, Merseyside.

Introduction

New Bold Convenience Store has been trading on New Bold Court since 2006. During that time, the business has firmly established itself within the local community, having gained a large, local customer base and a superb reputation. The business offers a wide range of convenience products along with pay point.

Location

The business is positioned just off Travers Entry linking St Helens with Haydock and Newton Le willows – this is a busy area with residents and commuters. Parking is available directly outside the shop.

Reason for sale

New Bold Convenience Store is only being offered for sale due to our client’s family commitments and therefore lack of time to manage the shop.

Lease

The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is 5 years with rent reviews every 3 years. The current lease began in 2017 at a cost of £750 per calendar month.

Building layout and design

New Bold Convenience Store is housed within the ground floor of a mid-terraced retail unit within a small parade of modern shops with excellent parking areas to the front and backed by a modern development of 500+ houses and quality apartments.The shop is well branded with signage displayed above a mainly glazed frontage. Inside, the shop is well presented with products stored on wall shelving, central gondolas and within display fridges and freezers where required. The retail space is tiled throughout with modern lighting and counter area to the rear with cigarette gantry. To the back of the space is a large storeroom, staff toilet and kitchen area and externally is one designated space for staff parking.All areas are presented well with good quality fixtures and fittings.

Staff

New Bold Convenience Store is currently operating with one part-time member of staff in employment and our client working on a full-time basis.

Financial details

Financial details are available upon a viewing of the business and New Bold Convenience Store has traded solidly over its trading history. The business with a projected annual turnover of £234,000 and gross profits of £46,800.

Summary

This leasehold business is offers a new owner a superb opportunity to acquire a modern, well presented shop with a large customer base already established. There is some scope for expansion into home deliveries in this area. This proposition would ideally suit an owner operating team who could allow the time to run this busy shop and enjoy the benefits of this exceptional trading position. Early viewings are strongly advised. Property: £29,995.

Please quote ref: 5958