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Locally Renowned Convenience Store Business

Wolverhampton, West Midlands
Status
FOR SALE
Advert ID
255111
Reference
B05801 / Rightbiz
Leasehold Price: £39,999
Annual Turnover: £234,000
Business
Please Quote Reference B05801

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Drinks 4U which is a well-established Off Licence / Convenience store with a renowned reputation amongst residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a similar type of business at this site for over 30 years and the current owner has run it successfully and lucratively as Drinks 4 U for the last 10 years or so. The business has been a real labour of love for him and his family accruing many regular customers and a burgeoning reputation.

This lovely little business is now being sold, albeit reluctantly and with a heavy heart only due to the vendors wish to relocate to India, he is keen to see his beloved Off Licence/Convenience Store pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.

Drinks 4U is nicely presented and maintained and is well stocked with a range of products including:

  • Beers, Wines and Spirits.
  • Tobacco and Vaping products.
  • Confectionery.
  • Soft drinks.
  • Crisps and snacks.
  • General groceries.
  • Frozen food.
  • Ice creams.
  • Dairy products.
  • Sandwiches.
Additionally, the business has a parcel collection service with DPD, a Pay point terminal and also a National Lottery terminal.

The business has an impressive number of regular customers, many of whom are known on a first name basis by the current owner who is a popular and well-respected member of the local community.

Reasons to Buy:

  • A well-established business with an enviable reputation and many existing customers.
  • Ideal owner managed or partnership business.
  • Low running costs with inexpensive rent and no business rates.
  • Would make an ideal first business for someone looking for their first foray into self-employment.
  • Prime trading position on a busy main road.
  • Current owner happy to offer a handover to ensure the continued success.
Hilton Smythe highly advises early viewing to avoid disappointment.

This great little business is likely to attract considerable interest.



Location
Drinks 4U is in Wolverhampton.

Wolverhampton is a city, administrative centre and metropolitan borough in the West Midlands. At the 2011 census, it had a population of 249,470. Wolverhampton is near to several motorways with four being located within 7 miles of the city centre. The business is close to the M54 which forms a northern bypass to the city, passing just within the fringes of the urban area, and links the city with Telford, Shrewsbury and Wales.

Drinks 4U occupies a prominent corner position in a small but unusually busy shopping parade and thus benefits from high levels of footfall and passing trade along with regular custom. The business is nicely presented with clear visible signage and free off-street parking immediately outside the premises.



Premises
Drinks 4U occupies the ground floor of a brick built, period property and briefly comprises;

Shop;

Double fronted with windows and glazed door to front creating a light, airy and inviting interior, nicely presented and well stocked with wood effect vinyl flooring, suspended ceiling with concealed led lighting, long bespoke counter with Pay point and Lotto terminals, till and generous wrapping area, confectionery display to front and cigarette gantry and spirits shelving behind,, perimeter shelving, 2 double glass fronted drinks chillers, single glass fronted drinks chiller, greeting card carousel, glass topped ice cream freezer, metal crisp racking, long open drinks chiller, open dairy chiller, cider pump.

Storerooms;

To the rear of the shop are two storerooms with shelving and floor storage space.

WC;

With close coupled toilet and hand wash basin.

The premises are secured by an electric roller shutter, alarm system and 7 camera CCTV system with smartphone connectivity.



Tenure
We are advised that Drinks 4U is being sold as a leasehold business opportunity.

The existing lease is arranged on a monthly rolling basis but we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £7920 per annum which is reasonable given the size and location of the premises.

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



Hours
Monday to Saturday 10.00 – 22.00

Sunday 11.00 – 22.00

There are permissions in place enabling opening hours from 08.30 – 23.00



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



Financial Profile
Drinks 4U generates an advised current turnover of circa £234,000 but it needs to be appreciated that the business is currently being run at a pace to suit and has enjoyed higher turnover previously. For further information quote reference B05801.



Listing Details
Location: Wolverhampton, West Midlands
Sector: Convenience Stores, Off Licences
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Advert Reference: B05801 / Rightbiz

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