Freehold Newsagents Convenience Store & Sandwich Bar In Birmingham For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £230,000 pa (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a husband and wife team
- Low rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a traditional CTN plus a range of general grocery and convenience products, and also operates a very profitable sandwich bar.

History
Phoenix Business Transfer Agents are delighted to place onto the market this Freehold Newsagents/Convenience Store & Sandwich Bar which has been established since 1971. The business has been in the hands of the current owner since 1991 and he now wishes to sell due to other business interests.
Services
This very good business opportunity provides a traditional CTN plus a range of general grocery and convenience products, and also operates a very profitable sandwich bar.
Staffing
The concern employs 3 part-time staff. The wages are £6.20 ph.

Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The client base consists of local residents, workers and drivers from the nearby industrial areas with good volumes of passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include later evening opening and Sunday trading.
• Increasing the product line to include alcoholic drinks
• Becoming more efficient with staffing levels.
• The business would benefit from a refurbishment.
• With the introduction of a website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Property:

Freehold

Living accommodation:

First Floor On the first floor there are four letting rooms; fitted kitchen with cooker, washing machine, microwave etc, Shower Room. Second Floor On the second floor there are three letting rooms and shower room. The accommodation brings in extra income of £22,000 per annum

Location:

- Situated in the Digbeth area of Birmingham in The West Midlands.
- Prominent location on main arterial road.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the A4540, A45 and A41.
- Birmingham City Centre, Boredesley and Highgate all lie close by.
- Area enjoying much growth and regeneration.
- Excellent local demographics for this type of area.

Premises details:

The property is semi detached and is approximately 7.5m x 7.4m. The front is branded with an attractive glass front. There are electric shutters and a CCTV system. The main customer service area is tiled with a middle aisles and shelving to the walls. It is very well presented and is very conveniently laid out.
To the rear is a store room. There is a toilet, staff facilities and a fully fitted kitchen

Business Operation

Expansion potential:

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include later evening opening and Sunday trading.
• Increasing the product line to include alcoholic drinks
• Becoming more efficient with staffing levels.
• The business would benefit from a refurbishment.
• With the introduction of a website

Competition / Market:

There is no local competition

Reasons for selling:

other business interests

Trading hours:

Monday to Friday: 6.00am - 5.45pm.
Saturday: 7.00am – 1.00pm
Sunday & Bank Holidays: Closed

Employees:

The concern employs 3 part-time staff. The wages are £6.20 ph.

Years established:

1971

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made

Furniture / Fixtures value:

£7,500 (included in the asking price)

Inventory / Stock value:

£10,000