Best One, 140 - 144 Fratton Road, Portsmouth, Hampshire, PO1 5DD
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Convenience store for sale
Key features
- Advised gross weekly sales c£40,000
- Retirement Sale
- Established business with loyal customers
- High street location with low rent
- Lock-up retail unit
- EPC rating C
- Christie & Co Ref: 3818320
Description
This is a profitable convenience store with gross weekly sales of c£40,000 and £30,000 excluding services. The business has an established customer following. The property consists of a lock up retail unit with excellent storage with office overlooking the shop floor. The store offers customers an excellent experience with well laid out shelving, large fridges and signage to promote the wide range of products stocked. We would consider the rent of £15,500pa to be very reasonable when compared with the takings. The business operates under a 24hr licence.
LocationThe store is located on Fratton Road in Portsmouth. A busy high street location. Portsmouth is a port city located in the county of Hampshire. The city is located 22 miles south-east of Southampton, 50 miles west of Brighton and Hove and 74 miles south-west of London. With a population last recorded at 208,100, it is the most densely-populated city in the United Kingdom
Internal DetailsThe business has been fitted out to an excellent standard with clear signage and modern chillers and freezers all of which are owned outright. There is no need for additional investment from the next owner, subject to preference. There is good storage to the rear of the shop. There is also a separate office and two further store rooms and W.C.
Fixtures & FittingsThe vast majority of the fixtures and fittings are owned outright and are included in the sale.
The OpportunityDue to retirement the owner is looking to sell the lease for his 24hr convenience store in Portsmouth. The store has sales of c£30,000 per week excluding services. We would consider the rent to be low at £15,500 per year when compared with the turnover. There is further scope in the store to expand on the hot food offering and start a home delivery service.
Trading InformationAccounts YE 31st March 2024 (ex VAT)
Turnover £1,453,118
Gross Profit £318,923
Net Profit £96,444
Adjusted Net profit c£140,000 per year
Add backs
£34,000 Wages
£4,000 Insurance
£4,885 Depreciation
Open 24 hours
TenureOffered on a renewable 20 year lease expiring on the 4th December 2038
Business RatesThe owner currently pays £52 per month in Business rates.
Energy Performance Certificates
EPC 1Brochures
Best One, 140 - 144 Fratton Road, Portsmouth, Hampshire, PO1 5DD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Fratton Station0.3 miles
- Portsmouth & Southsea Station0.6 miles
- Portsmouth Harbour Station1.3 miles
Notes
Disclaimer - Property reference 3818320-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.