Successful Midlands Convenience Store With Large Living Accommodation For Sale

Business description

CUSTOMERS
• Wide variety of customers:
o Passers by to the motorway.
o Local residents.
o Local workers.

OVERHEADS
Staff £6,240 pa
Rates £900 pa
Electricity £350 pcm
Other £40 pcm

EQUIPMENT, FURNITURE,
FIXTURES & FITTINGS
• Included in asking price;
o Till.
o Cash points.
o 5 fridges.
o 2 freezers.
o Lottery terminal.
• Stock valued at circa £40,000.

STRENGTHS
• The availability of lottery attracts customers frequently.
• Customers drawn in from other local shops in the parade (Chinese take away and a fish and
chip shop).
• Customers on route to/from the motorway frequently visit shop.
• Competitive product prices (milk and bread is price matched with supermarkets).
• Accommodation/parking available for a purchaser.
• Business relief on business rates.
• Rental on above flat is flexible, so it can be increased on purchase for more profit.
• No other convenience store within 3-4 miles radius.

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be
conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold,
let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made
without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Leasehold

Living accommodation:

• Large 2 bedroom flat; o Kitchen. o Bathroom. o Large lounge. o Gas central heating. o Double glazing. o Gas fire. o Half furnished. • Lodgers already provided if needed.

Location:

In a parade of shops on the main road, close to the M42 motorway and A435 Alcester road.

Premises details:

• Private car parking available at the
side and front.
• Side exit for parking and garage.
• A large garage at the side of the shop.

Business Operation

Expansion potential:

• Paper deliveries can be offered to bring in more sales.
• Opening hours can be extended to increase sales.
• Utilizing store rooms for more shop space.

Reasons for selling:

The business is being reluctantly sold due to ill health.

Trading hours:

• 7am – 8pm (Mon – Tues).
• 7am – 9pm (Wed – Sat).
• 8am – 7pm (Sunday).

Employees:

The business is run by 3 part time members of staff, including the Vendors.

Years established:

Established for 20 years, the current Vendors have owned the business for 6 years.

Other information

Inventory / Stock value:

£40,000