£100,000
Retail premises for saleShop, Eastwood SS9
Available immediately
About this property
Well established convenience store and Off-Licence located on busy Rayleigh Road. Ground floor premises extending to approx. 726 sq. Ft. With additional storage. Average weekly takings advised at £6,000 plus newspaper delivery income.
Long trading hours, no business rates payable, and low rent of £9,000 per annum with 5 years remaining on an Fri lease. Operated with two staff and offering further scope to increase turnover.
Ideal owner-operator opportunity in a strong residential location. RX751034
Location
The business is situated within the Eastwood area of Leigh-on-Sea, Essex, on the busy A1015 Rayleigh Road, a main route connecting Rayleigh and Southend-on-Sea. The area is densely populated with surrounding residential housing and benefits from good passing traffic and footfall.
The immediate vicinity contains a range of independent retailers, pubs, takeaways and services serving the local community. Nearby operators include several neighbourhood convenience stores and supermarkets along Rayleigh Road.
The location also benefits from proximity to local schools including The Eastwood Academy, which contributes to strong daily customer traffic from residents, students and commuters
The Property
The business occupies a ground floor retail premises arranged as a main shop area with ancillary storage and WC facilities.
Main Retail Area:-
fully equipped to trade with various display racking, display fridges, till system with serving counter.
Rear Store Room,
Internal Storage Area,
WC,
External Storage Unit,
Total approximate floor area: 726 sq.ft.
The premises provide a practical layout for convenience retailing with ample display space and stock storage
The Business
The business operates as a traditional convenience store and off-licence, offering a wide range of grocery items, snacks, drinks, tobacco, alcohol and household essentials.
Additional services include:
National Lottery and small local newspaper delivery round
The business does not currently operate parcel services or home delivery, offering potential for a new owner to increase revenue through additional services such as parcel collection points or local delivery partnerships
Turnover
Average weekly turnover is advised at approximately £6,000 per week.
Additional income generated from the newspaper delivery round of approximately 25–30 houses, generating around £100 per week. Papers are purchased externally.
There remains clear scope to increase sales through:
Extended product ranges,
Parcel collection services,
Local delivery platforms,
Expanded convenience ranges
Trading Hours
Current opening hours:
Monday – Saturday:
7:00am – 11:00pm
Sunday:
8:00am – 10:00pm
Staff
The business is currently run with:
2 Full-Time Staff
The shop is capable of being owner operated or staff managed
Business Rates
We are advised that no business rates are currently payable, likely due to Small Business Rate Relief.
Interested parties should confirm the position with the local authority
Tenure
Leasehold.
Fri renewable lease
Approximately 5 years remaining
Current rent: £9,000 per annum
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
Long trading hours, no business rates payable, and low rent of £9,000 per annum with 5 years remaining on an Fri lease. Operated with two staff and offering further scope to increase turnover.
Ideal owner-operator opportunity in a strong residential location. RX751034
Location
The business is situated within the Eastwood area of Leigh-on-Sea, Essex, on the busy A1015 Rayleigh Road, a main route connecting Rayleigh and Southend-on-Sea. The area is densely populated with surrounding residential housing and benefits from good passing traffic and footfall.
The immediate vicinity contains a range of independent retailers, pubs, takeaways and services serving the local community. Nearby operators include several neighbourhood convenience stores and supermarkets along Rayleigh Road.
The location also benefits from proximity to local schools including The Eastwood Academy, which contributes to strong daily customer traffic from residents, students and commuters
The Property
The business occupies a ground floor retail premises arranged as a main shop area with ancillary storage and WC facilities.
Main Retail Area:-
fully equipped to trade with various display racking, display fridges, till system with serving counter.
Rear Store Room,
Internal Storage Area,
WC,
External Storage Unit,
Total approximate floor area: 726 sq.ft.
The premises provide a practical layout for convenience retailing with ample display space and stock storage
The Business
The business operates as a traditional convenience store and off-licence, offering a wide range of grocery items, snacks, drinks, tobacco, alcohol and household essentials.
Additional services include:
National Lottery and small local newspaper delivery round
The business does not currently operate parcel services or home delivery, offering potential for a new owner to increase revenue through additional services such as parcel collection points or local delivery partnerships
Turnover
Average weekly turnover is advised at approximately £6,000 per week.
Additional income generated from the newspaper delivery round of approximately 25–30 houses, generating around £100 per week. Papers are purchased externally.
There remains clear scope to increase sales through:
Extended product ranges,
Parcel collection services,
Local delivery platforms,
Expanded convenience ranges
Trading Hours
Current opening hours:
Monday – Saturday:
7:00am – 11:00pm
Sunday:
8:00am – 10:00pm
Staff
The business is currently run with:
2 Full-Time Staff
The shop is capable of being owner operated or staff managed
Business Rates
We are advised that no business rates are currently payable, likely due to Small Business Rate Relief.
Interested parties should confirm the position with the local authority
Tenure
Leasehold.
Fri renewable lease
Approximately 5 years remaining
Current rent: £9,000 per annum
Disclaimer
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission
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Monthly repayment
£500 per month
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