Supermarket With A Renowned Reputation For Sale

Business

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Budgens which is a well-established business with a renowned reputation amongst local residents.

This is a superb opportunity to take on a high turnover local business in an area that is teeming with customers.

Budgens was founded in 2011 by the current owner on what was a former garage site and the business has blossomed whilst under his ownership showing year on year growth in turnover. The business is now being sold, albeit reluctantly and with a heavy heart only so that the owner can concentrate on other business interests and spend more time with family.

Budgens is a well-stocked, high turnover convenience store retailing a comprehensive range of products including;

• Newspapers and Magazines

• Tobacco and vaping products

• Confectionery

• Crisps and snacks

• Fresh bread and cakes

• Food to go

• Beers, wines and spirits

• Fruit and vegetables

• Meat and poultry

• Frozen foods

• Ice creams

• General groceries

• Household goods

• Flowers, plants and shrubs

Additionally, the business has an externally filled ATM machine (commissions of approximately £150 per month), Click and Collect parcel service (commissions of between £60-£80 per week), a Pay point terminal (with takings of approx. £4500 per week) and a Lotto terminal (takings of approx. £2000 per week). The business has a particularly healthy news bill of circa £1000 per week,this is from counter sales only with no home delivered news.

Budgens has an impressive number of regular customers many of whom use the business on a daily basis and the business enjoys good visibility on the internet with its own Facebook page and via sites such as —.—-.—, —.————.— and —.—-.–.–.

Reasons to Buy

• A well-established business with an enviable reputation and many existing customers

• Immaculately presented and maintained and all fixtures and fittings included making this a real ‘Turnkey’ opportunity

• Ideal owner managed or partnership business

• Perfect trading position in an elevated position on a busy main road

• Lots of free parking immediately outside the premises

• Current owner happy to offer a handover to ensure the continued success

• Little or no competition locally

• This really is a nice store and arguably one of the nicest to have come to the market for some time.

Hilton Smythe highly advise early viewing to avoid disappointment. This great business is likely to attract considerable interest.

Location

NJD Retail Limited trading as Budgens is located in Bridgnorth in the county of Shropshire.

Bridgnorth is a town in Shropshire. The Severn Valley splits it into a High Town and Low Town, the Upper Town On The right Bank and the lower on the left bank of the River Severn. The population at the 2011 census was 12,079.

Bridgnorth today is closely related to the towns of Wolverhampton and Shrewsbury. It is a traditional market town which retains its distinct position as a lively weekend trading settlement.

Bridgnorth is connected to Shrewsbury by the A458 Road, to Telford by the A442 road and Wolverhampton via the A454 Road.

The town is located around 9 miles from the M54 and 16 miles from the M6 motorways. The town is served by buses to and from Telford, Shrewsbury, Wolverhampton, Much Wenlock, Ironbridge, Shifnal, Kidderminster and Stourbridge.

Bridgnorth is on National Route 45 Of the Sustrans National Cycle Network which is name the Mercian Way. There is a great deal of good walking country around Bridgnorth, which is located close to the Shropshire Hills Area of Outstanding National Beauty,

NJD Retail Ltd trading as Budgens is ideally and prominently situated in an elevated position on a busy main road that leads into Bridgnorth town centre.

The business is immaculately presented and maintained with clear visible signage and the distinctive Budgens livery.

The business sits alongside other complimentary businesses such as a Halfords and bed and flooring company and thus benefits from high levels of footfall and passing trade.

There is 2 hours of free parking immediately outside the premises which includes 18 spaces plus a further 3 for Mother and Child and 3 for staff use.

The immediate area is comprised mostly of densely populated residential with most of the property being privately owned.

Premises

The business occupies a single storey, end terraced retail unit, is immaculately presented and briefly comprises;

Shop

• Electric entrance doors with ATM just around the corner

• Windows to each side and glazed doors creating a light airy and inviting interior

• Generous store which has been cleverly designed to maximise the space available

• Open plan entrance lobby with newspaper and magazine racking

• Glass fronted pie warmer

• Costa coffee machine

• Open snacks chiller

• Bespoke counter with EPOS till system Lotto and Paypoint terminals

• Generous wrapping area

• Cigarette gantry behind

• Perimeter shelving and central shelving gondolas

• Freestanding bagged sweets display

• 2 long open chillers

• Fruit and vegetables racking

• Greeting card display

• Upright glass fronted frozen food section

• Open drinks chiller

• Wine and spirits racking

• Ample floor space for bulk displays and special offers.

Kitchen

• Generous catering kitchen with vinyl non-slip flooring

• Range of base units in a high gloss finish and complimentary beech effect worktop

• UPVC wall cladding

• 3 compartment commercial fridge with stainless steel top

• Freestanding Belling cooker with 4 halogen rings and double oven

• Stainless steel hand wash basin with wall mounted soap and paper towel dispensers

• Deep stainless-steel sink and drainer with useful open shelving beneath

• 2 x Unox Elana induction ovens

• Kenwood microwave.

Office

• Good sized, pleasant office with tiled floor and high ceilings

• Generous run of perimeter worktop and ample room for shelving

• Filing cabinet

• Usual office furniture.

Plant Room

• Housing electric plant and meters

Stock Room / Staff Room

• Generous Room with vinyl flooring

• 3 x glass topped chest freezers

• Perimeter shelving and floor storage space

• Sofa and low table for use during staff breaks

Warehouse

• Large warehouse for the ingress of deliveries

• High ceilings and concrete flooring with loads of space for the storing of pallets and roll cages

• Roller door to front

• 2 x glass topped chest freezers

• Double glass fronted drinks chiller

• Upright freezer

Bond Room

• Secure room for the safe store of high value items.

The premises are secured by a monitored alarm system and 15 camera state of the art CCTV system.

Tenure

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

The existing lease expires in 2025 and the rent is £25,000 which is really reasonable given the size and location of the premises.

We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

We are advised that the business rates payable are circa £14,000 Per Annum.

Hours

Monday to Sunday 7.00 am – 10.00 pm

Staff

The business is run and managed by our client with the help of 7 full time and 4 part time members of staff.

Financial Profile

NJD Retail Ltd trading as Budgens generated an advised turnover of circa £1,375,000 as of the 2017 accounts with a gross profit of approximately 21%.