For Sale

Convenience Store With Huge Potential

Luton, Bedfordshire

£119,995 +SAV

Ref: B04658

Contact sales negotiator

Jessica Aspinall

01204 556 300

Email Jessica Aspinall

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Description

Hilton Smythe welcomes to the market Italian & Continental Stores, which is a name that is synonymous with the area having been established by our clients in 1975.



As the name states, the convenience store mainly sells Italian and Continental foods, along with household favourites.



The business is also an off licence, sells lottery, tobacco and there is also an ATM in the shop.



Unfortunately, due to ill health one of our clients can no longer work and the shop is run by our client only, with a little help from the family from time to time, therefore the takings are down.



Our client also runs the café next door, which they are going to concentrate on, however, time is currently spent between the two shops.



There are many repeat customers who visit the shop for day to day goods along with the Italian and Continental foods on offer.

The shop purely advertises on word of mouth and ideally a new buyer would come in and look at the following points for development.



1. Open longer hours

2. Run the shop with two or more staff

3. Create a social media page

4. Create a website

5. Carry out an initial local advertising campaign



Hilton Smythe highly advise early viewing to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold business opportunity.



There is a new Lease to be written the full terms are to be agreed upon negotiation of the business.



Our client is hoping for circa £24,000 per annum rent.

Hours

The business is currently open from around 9am – close, which can be 5pm or sometimes later.



This business is run by one person and the hours are to suit them, sometimes the shop is shut during the day, longer opening hours would benefit the business and there will be no restrictions on the Lease regarding opening times.

Staff

The business is run and managed by our client.

Financial Profile

Financial details are available upon request.

Location

Italian & Continental Stores is located in Luton, Bedfordshire, within a highly populated residential area close to the town centre.



There are many surrounding shops and there is a car park very close by.



Luton is a highly populated town with circa 217,000 residents plus many more workers.



Luton has great transport links via bus, rail and of course air!

Premises

The shop is entered from the front and the counter is to the right.



At the counter you can buy the following,



• Lottery

• Paypoint

• Tobacco

• Spirits



Situated on the counter,



• Confectionery stand

• Scales

• Till

• Large meat and cheese display chiller



To the left as you enter is fruit and vegetable shelving, 3 double drinks chillers, ATM.



Passed this are the shop opens up into 4 aisles with food, household goods, drinks, pet food, alcohol and greetings cards and much more.



There are also display freezers and a meat slicer for fresh meat and a sink.



There is a door to the large rear store room.



There are currently no toilet facilities for the shop as it shares the toilet for the café next door, however, as our client is the Freeholder, they will be making an opening through to the toilets from the store room and partitioning off a toilet for the shop.



The shop has CCTV and air conditioning.

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