Established General Supplies Store For Sale

Business
Please quote reference B08249

CoGoGo are delighted to present Handy Stores, a long-established and highly reputable general supplies store, located in the heart of Coopersale, Epping.

Having been under the current ownership since 1990, the business has built a loyal customer base and is recognised as a staple in the local community. Handy Stores offers an impressive range of everyday essentials, catering to both local residents and passing trade from the high-footfall area.

Situated in Coopersale, a vibrant area just outside of Epping, Handy Stores benefits from an enviable location a busy main street with constant foot traffic.

Key Features:

• Established & Profitable: Over three decades of profitable trading with a strong community presence.
• Wide Product Range: The store offers an extensive selection of general supplies, including groceries, household goods, stationery, snacks, beverages, and convenience items. This variety appeals to a broad range of customers.
• High Footfall Location: Located on a busy street with consistent passing trade, particularly due to its proximity to local amenities such as schools and transport links.
• Loyal Customer Base: Decades of excellent service have secured a large base of repeat customers from the local community.
• Well-Maintained Premises: The store is housed in a well-kept, spacious premises with excellent frontage and good signage, ensuring high visibility from the street.
• Potential for Expansion: There are several opportunities to grow the business further, including expanding product lines and extending trading hours.

Opportunities for Growth

Although Handy Stores is already a successful and profitable business, there is significant potential for growth and further development, including:

• Online Presence: Introducing an e-commerce website or partnering with delivery services like Uber Eats, Deliveroo, or Just Eat could expand the store’s reach and allow customers to shop online for home delivery.
• Increase Product Range: By adding more niche products such as organic foods, health products, or specialty items, the store could cater to the evolving needs of the local demographic.
• Introduce New Services: The addition to services such as parcel collection/drop-off points, lottery sales, or offering convenience services like bill payments could draw in more footfall and diversify income streams.
• Extended Opening Hours: Extending opening hours, especially in the evenings or during weekends, could capitalise on increase demand, particularly from commuters or residents returning homes after work.
• Local Marketing & Promotions: A stronger local marketing strategy, including flyers, social media engagement, and special promotions, could attract new customers and increase sales from existing ones.
• Cafe or Deli Counter: There is scope to introduce a small cafe or deli within the store, offering takeaway coffee, sandwiches, and snacks, which could increase both foot traffic and revenue.

Our client is selling Handy Stores to explore new business ventures after successfully running the store for over 30 years. This presents a rare opportunity for a new owner to take over an already established and profitable business with huge potential for further growth.

For further information and to arrange a viewing, please contact us today!

Location
The business is surrounded by residential properties, local schools, and is easily accessible from nearby areas, contributing to its high volume of regular and passing customers. Its prime position ensures a steady trade from locals as well as visitors and commuters.

Premises
The store occupies a prominent position on the high street and boasts a spacious and well-organised retail area. There is ample space for both customers and stock, ensuring that the shopping experience is comfortable and efficient. The building includes a two-bedroom flat upstairs, offering additional residential space.

Tenure
This business is being sold on a Leasehold basis.

The current rent is £1,125 per month.

Hours
The current operating hours are:

Monday to Sunday – 11:00am to 9:00pm

Staff
This business is run and managed by our client.

Financial Profile
This business generated a turnover of £250,000. Full financials can be made available upon further request.