Profitable Stetchford Birmingham Convenience Store And Off Licence | | Birmingham West Midlands | | Good turnover whilst only open 6 days 8am-5. 30pm. Room to expand opening hours. Profitable, well established customer base after 35 years. Good sized convenience store 1200sq ft. Massive storage area with good access. Free public car park. Passing trade. Lease to let or rent Profitable Stetchford Birmingham Convenience Store And Off Licence is located in West Midlands. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 67786
ADVERT IMPRESSIONS : 7,591 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Private Sale | LEASEHOLD: | £130000 | ANNUAL RENT: | £14000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Turnover £10, 000 per week with profits of 20%
Leasehold £130, 000
Rent £14, 000
Located in a shopping area in Stechford, Birmingham.
Well established shop has a reliable and loyal customer base after 35 years.
Free public car park in front of shop
Surrounded by a densely populated residential area with schools and other local amenities.
Schools nearby with high levels of passing trade
Area enjoying much growth and regeneration
Industrial estates nearby.
ONLY open 8am till 5. 30pm 6 days a week with good comparable turnover. Lots of opportunities to increase opening hours till 10pm and Sunday opening
Business Details
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 £500, 000 pa
- A business with great potential.
- An easily run operation.
- A good first time buyers business and ideal purchase for a family or husband and wife team
- Low rates.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a comprehensive range of convenience products, off license, greetings cards, pet foods, frozen foods, hardware products, plants and flower bouquets, pay point and pay zone and also has an in store ATM.
History
Convenience Store which has been established since the mid 1970's The business has been in the hands of the current owner since then and he now wishes to sell due to retirement
Services
This very good business opportunity provides a comprehensive range of convenience products, off license, greetings cards, pet foods, frozen foods, hardware products, plants, pay point and pay zone and also has an in store ATM.
Staffing
The concern employs 2 part time staff for a 2 hours a day and is family run with the 2 owners working each 6-7 hours a day.
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.
Competitionbut
There have been 2 other convenience stores opening in the last 5 years in the area with surprisingly minimal impact on the loyal client base.
Market
The client base consists of local residents with high volumes of passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the opening hours to include until 10pm and Sunday opening.
•Increase turnover by doing more home deliveries - large demand from elderly customers in this area.
• Develop a newsagent aspect of the business including newspaper deliveries.
•The owners in the last 5 years have not expanded or developed the business much due to their development of outside interests and planned retirement.
•Increasing the marketing activity with direct mailings and local and internet advertising.
• Becoming more efficient with staffing levels.
• With the introduction of a website and e-commerce.
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 Details
The property is terraced, part of a parade of shops and is approximately 1200 sq ft. The front is branded with an attractive glass front. There are shutters and a CCTV system. The whole ground floor is tiled with Terazzo tiles. There are 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 and staff facilities.
First Floor
On the first floor is a large storage area of apr 1200sq ft
External
There is a large 10 by 15 metre apr forecourt in front of the shop which is used to display plants, groceries and bouqets
Equipment with Lease
All fixtures, fittings and equipment are included in the lease price including 2 large dairy fridges and 2 large display freezers
Trading Hours
Monday to Saturday 8. 00am – 5. 30pm
Tenure
The business is for sale leasehold.
If sold as leasehold the length of the new lease will be 10 years. The rent is £15, 000pa with an initial 5 yearly review. The lease may be renewable or negotiable for longer term if required.
Viewings
The owners are available for viewings at any time by prior arrangement. | | | | | | FOR SALE | | | | | REFERENCE: | 67786 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
