Prime Coventry Convenience Store with Loyal Customer Base and Growth Potential for Sale
Coventry, West Midlands
- Status
FOR SALE
- Advert ID
623886
- Reference
B08457 / Rightbiz
- Call Agent:
- Leasehold: £30,000
- Turnover: £108,000 (£2,077 Per week)
- Net Profit: Not Applicable
Business Details
Established Convenience Store For Sale
BusinessPlease quote reference B08457
CoGoGo welcomes to the market a thriving convenience store for sale in a prime location within Coventry.
If you're looking for an exciting opportunity to own a well-established convenience store in Coventry, this is your chance! Situated in a bustling location, this business is ideal for a driven entrepreneur looking to step into a successful venture with ample potential for growth.
Business Highlights:
- Prime Location: Strategically located in Coventry, attracting steady footfall from local residents and passersby.
- Proven Track Record: Owned since July 2024, this store has built a loyal customer base and consistent income stream.
- Affordable Lease Terms: A 5-year lease with a highly supportive landlord who is open to extending the term. Rent is just £900 per month.
- Simple Operation: Managed by a single staff member (employed via PAYE), making it easy to run and maintain.
- Impressive Assets: Includes fixtures and fittings worth approximately £7,000.
- Alcohol Licence: Securing an alcohol licence could significantly boost sales, especially during evenings and weekends. A licence was previously in place and could be reinstated.
- Expand Product Range: Introduce additional services such as parcel pick-ups or a wider range of fresh produce to attract more customers.
- Extended Operating Hours: With its current hours of 8 AM–11 PM, expanding into earlier mornings or late-night operations could further maximize income.
The current owner is relocating to Leicester, making travel inconvenient. This presents a unique opportunity for you to take over and build on the store’s success.
Key Business Details:
- Trading Hours: Open 7 days a week, 8 AM–11 PM.
- Stock Value: Inventory worth £12,000–£15,000 included in the sale price.
- Turnkey Operation: Ready for immediate operation, offering a smooth transition for the new owner.
What’s Included:
- Fully operational convenience store with all essential equipment.
- Fixtures and fittings worth approximately £7,000.
- Support from the landlord and the local community.
Act Fast – This Business Won’t Stay on the Market for Long!
Location
The store is located at 47 Brentwood Ave, Coventry CV3 6FL in a busy area of Coventry, surrounded by residential housing and other local amenities. Its convenient position attracts regular customers and ensures a steady stream of foot traffic.
Premises
The premises are well-maintained and fully equipped with assets valued at approximately £7,000.
The layout maximises customer convenience with well-organised displays and ample space for additional stock.
Tenure
The business is offered on a leasehold basis with a 5-year lease currently in place.
The landlord is open to negotiating a longer-term lease for added security. Rent is competitively priced at just £900 per month.
Hours
The store operates 7 days a week, from 8:00 AM to 11:00 PM, providing convenient shopping hours for the local community.
Staff
The business is currently run with one staff member employed through PAYE.
Financial Profile
Turnover: £108,000 annually.
Stock Value: Approximately £12,000-£15,000.
Full 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 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.
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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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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.
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
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
Get Solicitor
