Business for Sale in Oxfordshire, Oxon - Convenience Store - Leasehold: £70,000

Key Information

Ref
S34387OX
Type
Retail Businesses: Convenience Stores
Location
England: Oxon
Tenure
Leasehold
Status
For Sale
Annual Sales
£565,387 Ex Vat
Weekly Sales
£10,873 Ex Vat
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We are delighted to offer this thriving convenience store located in this popular Oxfordshire location which is approximately 12 miles from Oxford.

The business is independently owned and has enjoyed an uplift in sales since the current owner has taken over. It is staff run and has further potential for growth. It is a great location with good footfall surrounded by a range of independent and national brand businesses. It is located in the heart of this popular Cotswold Oxfordshire town which is accessible from good road and rail links. It is surrounded by bars, cafes and retail shops which draws in a good footfall. The premises are of a good size and benefit from a good window display with doors opening to the main store, which has an abundance of space with fitted and freestanding shelving that houses newspapers, magazines, confectionery, groceries, cold food and dairy products. It also has stairs leading to the first floor which has a good storeroom, kitchen and WC facilities. Outside it has a space for delivery and 2 secure parking spaces which are available to rent.

An established business operated by an independent operator, operating as a convenience store/newsagent retailing newspapers, magazines, books, groceries, drinks and confectionery. It also benefits from a Lottery Terminal and has enjoyed an uplift in the last few months from being well run and increasing newspaper and tobacco sales. The landlords have indicated that they would allow the lease to state “the premises can sell alcohol” subject to a premises license. Open 7 days a week: Monday to Saturday 7.00 am to 6.00 pm and Sunday 7.00 am to 4.00 pm.

The vendor informs us that since they have taken over in September 2020, average weekly sales, based on October to December 2020, are £10,873 ex VAT per week and Annually £565,387 ex VAT. EPOS readouts are available for serious enquiries who sign an NDA. Staff: Manager £9.00 per hour x 50 hours per week,1 Sales Assistant £8.75 x 30 hours per week,1 Sales Assistant £8.87 x 30 hours per week.

Leasehold with a current rent of approx. £33,333 Plus VAT. Renewable lease with 1 year of the current term remaining with a 5-year review.

Price: £70,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings and Equipment (according to inventory) plus stock at valuation.

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