Birmingham Busy Convenience Store with Letting Property for Sale, High Potential for Expansion
Birmingham, West Midlands
- Status
FOR SALE
- Date Submitted:
02/10/23
- Advert ID
600544
- Reference
B07553 / Rightbiz
- Call Agent:
- Leasehold: £28,500
- Turnover: £100,000 (£1,923 Per week)
- Net Profit: Not Applicable
Business Details
Busy convenience store for sale
BusinessPlease quote referrence B07553
CoGoGo are delighted to welcome to the market My Local Express, a newly established convenience store in Handsworth, Birmingham.
The business was established by our client in 2023, building up an excellent reputation and regular client base during its short time of trading.
The business has now come to the open market due to our clients desire to move onto other business ventures.
The business stocks groceries, confectionary and household essentials.
Key selling points -
- High footfall location
- Newly renovated
- Scope for expansion
- Turnkey business
- Increase opening hours
- Add cigarette and vape sales
- Introduce parcel drop off/collections
- Introduce alcohol/off licence sales
Location
My Local Express is located on Rookery Road, in the Handsworth area of Birmingham.
The business has bold signage which can easily be noticed on both sides of the road. Led lights which is switched on at nights and is very bright.
A brand new metal canopy roof has been fitted at the front with guttering.
Potential to sell fruit and veg or drink crates.
There is free parking to the front of the shop and is directly opposite a busy bus stop, receiving high levels of footfall
Premises
Ground floor -
- Large service area with a counter and shelving
- Central display stands, with slat wall paneling, fridges and freezers.
- To the rear of the shop is the storage room.
- Kitchen and bathroom facilities to the rear.
- 2 Big double bedrooms
- Large storage room at the back which can be refurbished into a 3rd bedroom to let.
- Seperate gated side entrance. Entrance for the rear and upstairs.
- The property has a 4K CCTV system.
Tenure
We are advised that the business is being sold on a Leasehold basis, on brand new 5 year lease. The rent is £1,250 per calander month.
Hours
The current trading hours are -
Monday to Saturday - 8am - 5pm
Staff
We are advised that the business is run and managed by our client only.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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