Businesses For Sale > Business For Sale in Luton, Bedfordshire, UNITED KINGDOM - UK (UK)

AF120 -Luton, Bedfordshire-Ł130,000-Two Adjacent English & Continental Convenience Stores with Cafe for sale in Luton, Bedfordshire, UK

Luton, Bedfordshire, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 130,000	Undisclosed	Undisclosed

Business Summary:
Two Adjacent English & Continental Convenience Stores with Cafe and Deli Bar and 3 bed Flat Ref.AF120 Location Luton, Bedfordshire Asking Price Ł130,000 These two adjacent stores are busy independent Convenience stores fitted out to a very high standard and serving the local community. The store has been established on this site for over 34 years and enjoys an excellent catchment area that benefits from the trade of many local households. This business is ideally placed with high levels of passing traffic throughout the day, seven days per week. In addition to groceries the store offers a wide range of products including all major brands of general goods, food, general convenience products, alcohol, cigarettes, fresh fruit, vegetables, confectionery and deli bar etc .The store is also a newsagent selling papers and magazines to customers who also benefit from the lottery, Western Union Money transfer and ATM Machine, all of which which yield high returns to the owner. The business also operates the cafe next door serving fresh sandwiches and hot and cold meals and drinks. This store is the “place to meet” for the morning paper a great cup of coffee and a freshly baked treat.. The location of this business also brings in a constant stream of business, located as it is on one of the busiest roads in the area and with plenty of parking available. This is a high margin business with solid growth opportunities. The business operates from a prime location in Luton and has established itself as one of the region’s leading independent convenience stores and cafes partly due to its excellent location and reputation. This store draws a lot of repeat traffic as well as new customers on a daily basis.

Year Business was Established: 1975

Number of Employees: 2FT

Facilities / Terms of Lease: The premise consists of a café, convenience store plus a three bed flat with kitchen & balcony. These high quality premises are leasehold, and rent is currently circa Ł18,000 per annum. There is an excellent longstanding relationship with the landlord, and a new lease could be negotiated on terms agreeable to both parties. With a new lease available means this will always be a highly desirable business unit. The Store is ideally located in market place and in a prominent, highly visible corner trading position, close to the traffic lights. And is a popular resource with current major clients and potential new clients. There is sufficient parking with the premises. Adjacent to premises is a medical centre and many local housing and a car park just across the road.

Potential Growth/Expansion: The business has established an extremely strong name and brand identity, from which there are known to be material growth opportunities for the future. This business has continued to grow and expand every year and there is unlimited potential for further strategic expansion. This business is based in an attractive location and could certainly achieve increased sales and profits.

Competition: Having been established over 34 years this business does little by way of local advertising, the business has a large repeat client base enjoying high levels of repeat business, testimony to the excellent reputation this business has for its unique, high quality product range and customer service. The business for sale benefits from excellent trading location with a high volume of passing pedestrian and vehicular traffic.

Owner willing to train: The owners are happy to assist with full hand over and the training to ensure a smooth transition of the business to its new owners.

Reason for selling: This is a genuine retirement sale.

Seller Reference Number: AF120
BusinessMart.com Listing Number: 72291

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