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Popular Off License Convenience Store & Bakery For Sale

Scunthorpe, Lincolnshire
Asking Price:
£59,995
Sales Revenue:
£364,000
Cash Flow:
Available on request

Business
Hilton Smythe welcomes to the market M V Express.

The business has been operated by the current vendor for over four years which due to health reasons this rare and exciting business opportunity has now become available.

The shop provides a popular range of services and produce to serve the main residential area, the surrounding communities as well as the busy passing trade.

The store is fully licensed and stocks a range of convenience store essentials including:
• Tobacco

• Large selection of beers wines and spirits

• Confectionary

• Gift cards

• Hot food and coffee available

• Bakery section to the rear of the store

The business offers a new operator an excellent opportunity to utilise the extensive premises to introduce new lines and produce as well as extending the current range of goods on offer further, there is an excellent opportunity to extend the store into the space next door which is currently not being used and subject to local planning consents extend the bakery and food offering further promoting both in and off sales.

The site currently generates a healthy turnover which could easily be increased further by the new operator putting their own spin on things and taking the site to the next level.

The site benefits from being in an excellent location and has the ability to generate multiple income streams, the current vendors have let out the separate back section of the site generating additional income for the new owner.

This is a turn key business opportunity with huge earning potential for the new in-going operator.

Location
Situated along the Oswald Road in Scunthorpe.

The site is easily accessible by all modes of transport just off the A18 and is just a short stroll from Scunthorpe General Hospital as well as the Train Station.

The site is on a main bus route with customer parking to the front as well free short stay car parking available in amongst the surrounding residential dwellings.

Premises
Period detached double fronted property with trading space across one level.

Main entrance to trading area

• Service counter

• Confectionary racking

• All shelving

• Display cabinets

• Drinks chillers

• Freezers

• Storage binnacles

• Bakery section with stainless preparation

• Ovens

• Cooking receptacles

• Stainless extractor

• Hot food storage equipment.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £25,200 per annum with 8 years remaining on the current Lease.

Hours
The opening hours are currently 7.00 am to 9.00 pm Monday to Saturday and 9.00 am to 8.00 pm on Sunday

Staff
The business is run and managed by the current vendors

Financial Profile
We are advised the business is currently turning over in the region of £364,000 per annum

There are currently no rates payable on the business

The rental income from the additional unit is £7,200 per annum

A good cash business opportunity

Property information

Property:

Leasehold

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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