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Freehold convenience store with 3-bedroom accommodation for sale in Coventry West Midlands

Coventry, West Midlands

CONFIDENTIAL

  • Freehold: £375,000 (Stock at valuation)
  • Turnover: £260,000 (£5,000 per week)
  • Profit: Not Applicable

Key Features

  • Modernisation and expansion potential

Business Details

FREEHOLD CONVENIENCE STORE & 3 BEDROOM ACCOMMODATION – RETIREMENT SALE – UNDER TRADING : 375K + SAV

FREEHOLD CONVENIENCE STORE WITH SPACIOUS 3-BEDROOM ACCOMMODATION, LARGE GARDEN & DEVELOPMENT POTENTIAL

Offers in the region of £375,000 ( goodwill, fixtures&fittings) Stock at Valuation

UNDER-TRADING BUSINESS WITH EXCELLENT GROWTH POTENTIAL

A rare opportunity to acquire a long-established freehold convenience store together with spacious three-bedroom family accommodation, substantial rear garden and exciting future asset enhancement potential.

Successfully operated by the same family for over 18 years, this well-known local business is now offered for sale due to genuine retirement and health considerations.

The business currently generates sales of approximately £5,000 per week whilst operating on relatively restricted trading hours. The current owners have gradually reduced their involvement in the business and now operate the store on a lifestyle basis, creating a genuine opportunity for a new owner to unlock its full potential.

BUSINESS HIGHLIGHTS

    •    Weekly sales currently averaging approximately £5,000.
    •    Genuine retirement sale after 18 years of ownership.
    •    Operated on limited opening hours.
    •    Scope to increase trading hours significantly.
    •    Limited local competition.
    •    Excellent owner-operator opportunity.
    •    Under-trading business with growth potential.
    •    Opportunity to introduce new product lines and services.
    •    Retail area of approximately 500 sq ft with scope to expand, subject to planning consent.

The current turnover reflects the owners’ reduced involvement and restricted trading pattern rather than the full capability of the business. Purchasers may identify opportunities to increase sales through extended opening hours, enhanced product offerings, and further investment in the operation.

SPACIOUS FAMILY ACCOMMODATION

The property benefits from separate residential access and offers excellent owner-occupier accommodation comprising:

First Floor

    •    Three generous double bedrooms.
    •    Family bathroom.

Ground Floor Residential Accommodation

    •    Lounge.
    •    Kitchen.
    •    Dining room.
    •    Additional bathroom.

The accommodation provides comfortable family living with larger-than-average room sizes and the convenience of a separate entrance.

DEVELOPMENT & VALUE-ADD POTENTIAL

A major attraction of this opportunity is the substantial rear garden and useful outbuildings which provide further flexibility for future enhancement.

Subject to obtaining any necessary planning permissions and approvals, purchasers may wish to explore opportunities including:

    •    Extension of the existing retail area.
    •    Reconfiguration and modernisation of the current layout.
    •    Improvement or redevelopment of outbuildings.
    •    Additional ancillary accommodation.
    •    Future residential or mixed-use enhancement opportunities.

The combination of freehold ownership, separate residential access, generous plot size and an established trading business creates an exciting opportunity for both owner-occupiers and investors alike.

ADDITIONAL BENEFITS

    •    Freehold property included.
    •    Spacious 3-bedroom accommodation.
    •    Separate residential entrance.
    •    Average gas and electricity costs reported at approximately £300 per month.
    •    Large rear garden.
    •    Useful outbuildings and storage areas.
    •    Strong growth potential.
    •    Opportunity to increase turnover and profitability.

The neighbouring property benefits from a limited right of access for refuse collection purposes only.

Important Notes:
- Finder’s Fee applies once an offer is accepted
- Non-refundable deposit required to secure the purchase
- Proof of funds required 
———-
Contact Bal on 07399815289 ( Fast Property Hub)

Disclaimer: All figures and business details have been provided by the seller and are subject to independent verification by the buyer.

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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.

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The data showed regarding this advert 'FREEHOLD CONVENIENCE STORE & 3 BEDROOM ACCOMMODATION – RETIREMENT SALE – UNDER TRADING : 375K + SAV - FPH1035 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.