THIS BUSINESS IS NOW UNDER OFFER

Newsagents Convenience Store with Accommodation

Halesowen, West Midlands

Status

UNDER OFFER

Date Submitted:

23/10/19

Advert ID

251307

Reference

B05632 / Rightbiz
Leasehold: £19,995
Asking Price: £269,995
Annual Turnover: £199,889
Annual Net Profit: Not Applicable
Business
Please quote reference B05632

Leasehold Available £30,000 + SAV

Freehold Available £269,995 + SAV

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Shell Corner Off Licence & Newsagents which is a well established Newsagents and convenience store with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a Newsagents at this site since the 1930’s and the current owner has run it as Shell Corner Off Licence & Newsagents for the last 15 years or so and the business had been a real labour of love for him.

The business is now being sold, albeit reluctantly and with a heavy heart only due to health issues and a desire to pursue a change of direction. The vendor is keen to see his beloved newsagents cum off licence pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.

Shell Corner Off Licence & Newsagents sells a wide range of products including:

  • Tobacco and vaping products
  • Newspapers and magazines
  • Confectionery
  • Crisps and snacks
  • Cold drinks
  • Hot coffees
  • Beers, wines and spirits
  • Household goods
  • General groceries
  • Frozen food
  • Ice creams
  • Bread and cakes
  • Dairy products
Additionally the business has a Payzone terminal (£500 per week), a Lotto terminal (£1200 per week), UPS parcel service (£150 per month commissions) and a dry cleaning franchise (£30 per month commissions).

The weekly news bill is approximately £600-700.

The business is also the only shop in Halesowen to be an official partner of Games Workshop so can sell any Warhammer products.  

Reasons to Buy

A well established business with an enviable reputation and many regular customers

Prime trading position on a busy main road

All fixtures and fittings included making this a real‘Turnkey’ business opportunity

Ideal owner managed or partnership business

Current owner happy to offer a handover to ensure the continued success.

Hilton Smythe highly advise early viewing to avoid disappointment.



Location
Shell Corner Off Licence & Newsagents is located in Halesowen.

Halesowen is a large market town in the Metropolitan Borough of Dudley, in the county of West Midlands. The town is around 9 miles from Birmingham city centre and 6 miles from Dudley town centre. The population of the town as measured by the 2011 census was 58,135.

Shell Corner Off Licence & Newsagents is situated in a prominent corner position and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade along with regular custom.

The business is nicely presented and maintained with clear visible signage and distinctive livery. There is free on street parking in the roads and streets surrounding the premises.



Premises
Shell Corner Off Licence & Newsagents occupies a period, inner terraced property and briefly comprises:

Shop

Windows and glazed door to front creating a light, airy and inviting interior, tiled floor , suspended ceiling with concealed lighting, long bespoke counter with confectionery shelving to front and generous wrapping area, cigarette gantry and spirits shelving behind, 2 glass topped food freezers, perimeter shelving with central shelving gondolas, newspaper and magazine racking, glass fronted drinks chiller, long open drinks chiller, glass fronted beer chiller, ATM machine, greeting card racking, slush machine, takeaway coffee machine.

Stock Room

With perimeter shelving and floor storage space

Office

With two safes, perimeter shelving and floor storage space

Store Room

With tile effect flooring, perimeter shelving and floor storage space

Kitchen

With base units, stainless steel sink and drainer,

WC

With close coupled toilet

First Floor

To the first floor is a self contained two bedroom flat that is ideal for owner occupation or offers letting potential.

The premises are secured by a 9 camera CCTV system and a monitored alarm system.



Tenure
We are advised that Shell Corner Off Licence & Newsagents is being sold as a Freehold/Leasehold business opportunity.

If the business is sold on a leasehold basis the leasehold option is £19,995 + SAV with a rent of £10,000 is proposed for the ground floor and the vendor would be happy to negotiate a mutually acceptable lease with a new owner.

There is also the possibility of renting the first floor flat with rent and lease to be agreed.

We are advised that the business benefits from being exempt from business rates.



Hours
Monday to Friday 05.00 – 21.00

Saturday 06.00 – 21.00

Sunday 06.00 – 21.00



Staff
The business is run and managed by our client and his wife with the help of a part time member of staff.



Financial Profile
Shell Corner Off Licence & Newsagents generates an advised current annual turnover of circa £199,889



Contact Agent
Advert Reference:
B05632 / Rightbiz
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THIS BUSINESS IS NOW UNDER OFFER
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