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652096
One Stop Coventry / Rightbiz
One Stop Coventry
Leasehold: Asking Price £164,950 Rent £38,000 per annum.
Weekly sales circa £15,000 - £16,000 excluding services
Lots of free parking outside the store
Relied upon by the local community
Higher than average profit. GP is 24% - 25%
Energy Rating D
A leasehold convenience store located upon a busy main road in an affluent area of Coventry. This business is fitted to a good standard and has all the extras you would expect from a top end convenience store including slush machines, atm and meal deals. A rare opportunity to acquire a longstanding and established off licence and convenience store.
This site has a large space for storage in the back, along with a kitchen and a private office. The site is managed by the owner and full time staff and it is with regret the vendor has decided to sell due to other business commitments. This convenience store has huge potential to increase sales with onsite management and with someone that wants to put their energy into boosting the sales by introducing new ideas such as hot meals, possibly a post office, parcel services and more.
This store runs such short hours closing at 9pm Monday to Saturday and 7pm on a Sunday when the licence is until 11pm. Increasing hours would certainly increase the weekly turnover substantially. Opening until 11pm is a must and will impact the sales figure substantially increasing the bottom line.
This would be ideal as a family run store, or it would suit a hand’s on multi store operator.
Location
This property is on a busy main road in Coventry. The site benefits from being surrounded by a huge residential area and other businesses that complement each other.
Internal Details
The store is equipped with all required chillers, freezers, shelving and gondolas. The business sells a full range of products as would be expected for a convenience store, including, alcohol, tobacco, confectionery, and general items of convenience. This business has Lottery and PayPoint.
External Details
The business benefits from having ample free parking outside the store and beyond. There is also a backyard area .
Fixtures & Fittings
We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.
The Opportunity
This local convenience store is relied upon by the local community. This business is fitted to an extremely high standard and is being offered on a leasehold basis.
The shop has a history of having a £24,000 per week sale previously but due to other business commitments the vendor is unable to commit time and effort hence the reason for the sale. A tremendous opportunity to develop a flourishing business.
Trading Information
Trading information shows average weekly sale of circa £15,000 -£16,000 per week.
Trading Hours
Mon-Sat 7am-9pm
Sunday 8am-9pm
Regulatory
Premises Licensed
Business Rates
The current owner has advised that the store benefits from some relief from small business rates. Purchasers however should make their own enquiries with the relevant local authority.
Viewing
No direct approach may be made to the property. For an appointment to view please contact the agent.
Commercial & Business Sales
Tel: 07935966270
Email: [email protected]
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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