Hilton Smythe is delighted to welcome to the market Vaghela General Stores. This convenience store was established in the 1940's and has been a great success over the years. Our client took over the store is 1984 and is now looking to sell the business due to the desire to take a well-deserved retirement.
The store generates its turnover from the sale of general groceries, confectionary, alcohol, cigarettes and newspaper's. We are advised the current turnover for the business is an advised, £228,800 per annum.
We believe the business could increase its turnover massively. Some ways in which we believe the new owner could increase turnover is to-
Extent the opening hours
Introduce the Lottery
Offer a parcel collection service
Offer dry cleaning
Extend the range of products stocked
Sub-let the rear detached store room
Above the store is a flat which could be a perfect owner's accommodation. The flat is currently used as storage, but would be a great home for a couple. The flat could even be rented out to generate an extra income.
There is little competition in the area, and so the store receives most of its trade from the locals. We believe footfall will increase in the area as there is granted planning permission for a significant number of flats, which will be located across the road.
This is a fantastic opportunity for a purchaser looking for a profitable store in the heart of a welcoming community. Hilton Smythe highly recommend early viewing to avoid disappointment.
TENUREWe are advised the business is freehold.
HOURSThe business is open:
Monday - Sunday: 9am - 9pm
STAFFThe business is run and managed by our client with help from our client's son.
FINANCIAL PROFILEThe business generates a turnover in the region of £228,800 per annum.
Vaghela General Stores is located in Rugby, Warwickshire.
The area is a densely populated residential location, with a mixture of housing types. There are several businesses dotted around the estate, such as a pharmacy, fish and chip shop, dry cleaners and an insurance company. The business benefits highly from its location with most of its custom coming from locals.
The premise is approximately 1 mile from Rugby town centre, where there is a fantastic range of stores. The business is just a short walk away from bus stops which are located along Murray Road. The road connects on to the A428 which links the M1 motorway. Rugby train station is around a 5 minute walk away and has regular routes daily.
The store is located in a centre terrace property and was converted from a house. There is a yard to the front of the premise which is used for advertising stock, above is a canopy to protect any stock.
The large window at the front creates a light and airy feel. Around the perimeter is shelving there is also a central gondola.
Equipment included in the sale is as follows-
2x Glass fronted drinks chillers
Greeting card carousel
To the rear of the main shop there is a former kitchen which is currently used as a store room. There is a wall mounted boiler and cooker point. This room could be reinstated and used again as a kitchen in conjunction with the first floor rooms to provide owners accommodation if required by a new purchaser.
On the first floor of the premise there is the former accommodation. The flat hasn't been used as living space for many year and all rooms are used for storage. The rooms could be easily converted into making comfortable living accommodation.
There is a generous sized bathroom with a three piece bathroom suite, bedroom and a lounge which could also be made as a second bedroom.
To the rear of the property is a yard which has access to a shared alley way which is protected by a security gate. All the windows are secured by security grilles and custom made steel doors, there is also security shutters on the front of the property.
In the rear garden is a generous sized steel constructed storage shed which has light and power. There is also a further brick built building which is used as further storage.