Hilton Smythe is delighted to welcome to the market this well established and busy convenience store, which is ideally located within Harrogate, North Yorkshire.
The business was originally established in the 1980s and has been in our clients' careful ownership since 2008. Only now is the business being offered to the market, due to our clients' other business interests. The convenience store operates 7 days per week and generates a turnover in the region of £125,000 per annum, with a gross profit of approximately 36%.
Our clients offer a wide variety of goods including convenience items, dairy produce, frozen goods, confectionery, soft drinks, alcoholic beverages and tobacco products, to name a few, as well as Lottery, Paypoint and being a Hermes parcel collection point. The shop boasts 74 sq. metres of floor space, is very well maintained and fitted out to suit the trade. We are advised that the council have reviewed rates for 2017 and this business is exempt.
The first floor offers a one bedroom flat, which has a long term elderly tenant already in place, which generates an extra income of £160 per month.
The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to promote the goods offered, as well as introducing newspaper and magazine sales, which could lead to a delivery service.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership to take this popular business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Remaining lease length: 3 years, as of 2017
Rent: £11,000 per annum
HOURSThe business is open:
Monday - Friday: 7.00am - 10.00pm
Saturday: 8.00am - 7.30pm
Sunday: 9.00am - 7.30pm
STAFFThe business is owner run and managed with 1 x part time staff member.
FINANCIAL PROFILEThe business generates a turnover in the region of £125,000 per annum, with a gross profit of approximately 36%.
Premier Express occupies substantial two storey premises, ideally located within the town of Harrogate in North Yorkshire. The business is located on the busy Cold Bath Road and is surrounded by a wealth of complimentary shops and businesses; therefore, benefiting from a high volume of footfall and passing trade. The area of the property is surrounded by densely populated residential areas, from which the business derives much trade. The convenience store also benefits from on-street parking facilities to the front of the property.
Harrogate is a spa town and popular tourist destination in North Yorkshire. Attractions within the town include its spa waters and the Royal Horticultural Society's Harlow Carr Gardens. The town makes an excellent base for tourists visiting the beautiful Yorkshire Dales National Park and the Nidderdale Area of Outstanding Natural Beauty. Since 2013, polls have consistently voted the town as 'the happiest place to live' in Britain.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is Harrogate, which is approximately 2½ miles away. The area is also well served by the A-roads with both the A61 and A59 being within easy driving distance, which link to the national A-road and motorway networks. Leeds is approximately 16 miles away and York is 23 miles away.
Substantial two storey premises, which is ideally located, briefly comprising:
Ground floor with:
The serving area, till, cigarette gantry and lottery terminal are to the front of the shop as you enter. Drinks chillers and general shelving line the walls with freezers and further shelving through the middle of the store. To the right, a storage area has been created by the current owners.
To the rear of the shop is a store room, WC with wash hand basin, kitchen area and an office.
First floor with:
Living room/bedroom in a bed sit style.
2 x soft drink refrigerators.
2 x dairy refrigerators.
Ice cream freezer.
3 x chest freezers.
2 x EPOS cash registers.
Shelving, fixtures and fittings.
Our clients also have a liveried Fiat Doblo van, which could be available by separate negotiation.
Business rates exempt in 2017.