Very Profitable Modern Convenience Store In West Midlands For Sale

Business description

The particular highlights of the business are:
• Incredibly well positioned with high levels of footfall.
• High levels of repeat local clients.
• A very traditional easily managed business offering modern product lines.
• An excellent opportunity for a husband/wife team.
• Extensive 5-bedroomed living accommodation included.
• The business is well stocked yet has potential to introduce new lines.
• Turnover £9,000 pw and increasing.
• Very favorable lease terms (see lease details below).

History
Agents are delighted to place onto the market this modern recently refurbished main road convenience store with 5-bedroomed living accommodation.. The business has been in the hands of the current owner for more than 12-years and has benefited from huge levels if investment and modernization. Trading figures have increased year upon year and projections would represent turnover in excess of £12,000 pw.

Services
The business is predominantly a convenience store and off-license.. The shop has recently undergone a refit and benefits from well laid stock and modern fixtures. The current owners have secured an exceptional trading location and provides an excellent platform for ongoing success.

Staffing
The concern doesn’t employ any additional staff. The current owners, father and son, manage all aspects of the business.

Owners Role
The owners’ role is very much full-time and hands-on, working full-time within the business.

Marketing
There is very little active marketing of the business.

Competition
There are other stores within driving distance, but this store benefits from a captive local residential and industrial audience.

Market
The business benefits locally attracted clients and tourists alike.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20-years, 8-years remaining, with an automatic renewal option. The current rent is £12,000 pa.

Leasehold rent:

£12,000 per annum

Living accommodation:

The upper floor consists 5-bedroomed owners accommodation, inclusive of dining room, sitting room, bathroom, and kitchen.

Location:

• Exceptional lifestyle change opportunity.
• Main Road location with high passing trade.
• High visibility with easy free on-street parking.
• Local extensive facilities for example excellent schooling, leisure facilities, pubs, restaurants, etc..
• The town generates high levels of repeat local trade.
• Excellent all round access and security.
• Business been established since the 1970’s.

Premises details:

The property is located on a main through road attracting high levels of passing trade. The building is detached over two floors.

On the ground floor is the trading shop, covering approximately 1,400 sq ft, modern refit. To the rear is a large store, toilet, rear access, stair well to the upper floor.

The upper floor consists 5-bedroomed owners accommodation, inclusive of dining room, sitting room, bathroom, and kitchen.

The rear of the building has outside stores and additional private parking.

CCTV is installed.

Business Operation

Expansion potential:

The concern has potential. In particular the turnover and profits can be increased by:
• Extending the product lines, or increasing the current stocking levels.
• Increase the hours – maybe 24/7.
• Introduce Deli/Sandwiches/convenience food.
• Develop a paper-round.
• Paypoint – increase footfall.

Competition / Market:

There are other stores within driving distance, but this store benefits from a captive local residential and industrial audience.

Reasons for selling:

Retirement

Trading hours:

Monday to Saturday – 07.00 to 21.00 hrs.
Sunday – 08.00 to 21.00 hrs.

Employees:

None

Years established:

More than 20-years

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:

£30,000 (included in the asking price)

Inventory / Stock value:

£15,000