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Selling My Business can broker the efficient and profitable sale of your convenience store business

Over 2,000
Potential buyers held on our database
Over £500m
Worth of successful completions in the last 10 years
Over 60%
Of businesses successfully sold
No initial costs
No money up front
We Sell 800+ Businesses Every Year
The business selling experts
Part of Ernest Wilson
Over 60 years experience

Sell My Convenience Store Business

The call to ‘shop local’ has been widely made in recent times to save the increasing number of smaller retail outlets in the UK succumbing to serious financial difficulty. For convenience stores in particular, the challenges of operating with stability are ever-present.

Issues include investing in advancing technology and fierce competition from rivals, and if you’re planning to sell your convenience store it’s crucial to recognise and address these problems prior to advertising the sale.

So how might these challenges affect a convenience shop sale and what can you do to prepare in advance?

Competition from larger outlets

Market competition has long been an issue for convenience stores, but particularly so since the rise of the discount sector. Creating a unique presence as a convenience shop can be difficult, but one way of doing so is to differentiate your shop from others in the area. An example would be to diversify or collaborate with another local food business if you have sufficient space in your shop - incorporating an in-store butcher, for example, or even a post office.

Investment in technology

Convenience stores typically operate with narrow margins, and if there’s also a shortage of capital available it’s not easy to keep up with advancing technologies such as mobile apps, customer reward schemes, and self-service checkouts.

Store size

Floor space is typically limited in a convenience store and owners need to carefully consider how stock levels are managed and wastage minimised, whilst also being creative in the way stock is presented. 

Convenience store for sale – do you need expert help?

Our team at Selling My Business are business sales brokers with vast experience in the convenience store sector. How to value a convenience store, identify potential buyers, and navigate through this complex process, are just some of the areas where we can help.

So what can you expect when selling your convenience store, and how can we support you throughout the sale?

"The Selling My Business team were excellent from start to finish, they helped get the best price in the sale of my construction business"

Dave T - DT Construction Limited

How to sell a convenience store

When a convenience shop is put up for sale, initially you need to consider the financial data and other business information that you’ll provide to interested parties. This information is incorporated into a document called the sales memorandum.

The sales memorandum is typically drawn up alongside a non-disclosure agreement that protects business information from competitors or others who may want to derail the process.  

Why are you selling your convenience shop?

A key area of interest for potential buyers is why you’re selling your convenience store. They’ll want to make sure the reasons you provide are open and honest, and by considering exactly why you’re selling you can also identify the most important outcomes from the sale. Clearly, the sale price is crucial, but the speed of the transaction might also be an important factor – if you’re experiencing ill health, for example.

We can guide you through the negotiation stage with prospective purchasers – a stage that’s reached when you narrow down your shortlist to one or two serious buyers. We’ll undertake negotiations on your behalf if necessary, taking close account of your aims and goals.

Once the buyer has completed their due diligence and all parties are happy to proceed, the details are laid out in a Heads of Term agreement. This typically incorporates any warranties and indemnities that have been agreed, as well as the major issues of price and sale timescale.

For more information on selling a convenience store business, please contact our team of experts at Selling My Business. We’ll arrange a free consultation to guide you through the process in more detail, and provide tailored support during what is commonly a complex process.

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Meet the Selling My Business team

Essential Guide to Selling Your Business

Contemplating selling your business? Our free, comprehensive guide will walk you through how you can sell your company. Our FREE guide covers all of the essentials, including:

  • Are you appointing an experienced advisor?
  • Are you giving your business a realistic sales price?
  • Will all potential buyers for the business be approached?
  • How much will the sales process impact business performance?

Plus much more...

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Why Choose Us?

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