Featured Brokers
CONFIDENTIAL
FOR SALE
657119
FPH1037 / Rightbiz
Asking Price: £59,000 Stock at ValuationÂ
Fast Property Hub is pleased to present this established leasehold convenience store in Coventry, offered for sale due to the owner’s ill health. The business benefits from low overheads, customer parking and considerable scope for an incoming owner to increase turnover.Â
Key HighlightsÂ
Weekly shop sales approximately £3,500–£4,000Â
PayPoint transactions approximately £600–£700 per week, generating around £80 monthly commissionÂ
Approximately 650–700 sq ft retail areaÂ
Good-sized stockroomÂ
12-year renewable lease with approximately 11 years remainingÂ
Rent £1,000 per monthÂ
No business rates, as advisedÂ
Rent review every 4 yearsÂ
Customer parking availableÂ
Licensed until 11:00pmÂ
No National Lottery currently – opportunity to applyÂ
Separate accommodation may potentially be available by separate arrangement with the ownerÂ
Excellent Growth PotentialÂ
There are several practical opportunities for a new owner to develop the business further:Â
Extend the current trading hours up to 11:00pmÂ
Introduce a larger and more comprehensive wine rangeÂ
Expand Asian groceries, pulses and specialist food linesÂ
Develop the fruit and vegetable offering, including outside display where appropriateÂ
Apply for National Lottery to help increase footfall and secondary purchasesÂ
Utilise part of the stockroom for additional retail or stock linesÂ
Improve merchandising, promotions and the overall product rangeÂ
Reason for SaleÂ
Genuine sale due to the owner’s ill health.Â
Important Notes:
- Finder’s Fee applies once an offer is accepted
- Non-refundable deposit required to secure the purchase
- Proof of funds required
- Buyer responsible for the landlord’s legal fee
———-
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.
Â
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
The data showed regarding this advert 'Leasehold Convenience Store with Parking & Growth Potential – Coventry - FPH1037 / 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.