OPPORTUNITY TO ACQUIRE LONG-RUNNING CONVENIENCE BUSINESS WITH UPPERS ESTABLISHED FOR OVER 50 YEARS IN COVENTRY

LOCATION:
Skyline commercial Properties is pleased to present a well-established convenience store business, successfully operating for the past 50 years, alongside a 4-bedroom residential property above. The property is located in West Midlands, surrounded by numerous residential properties, making it an ideal spot for a community-focused business.

The location is highly accessible, situated on a corner position directly opposite the park, with several bus routes serving the area, and the city's main train station is a short drive or bus ride away, providing excellent connections to other major cities such as Birmingham and London. Situated in a prominent area, the business benefits from high visibility to passersby and enjoys strong customer loyalty. With no nearby competition, the potential for growth is significant, especially with regular local foot traffic, Additionally, with four schools in the vicinity, the business benefits from substantial passing trade from students, parents,
and staff.

Genuine retirement sale.

OVERVIEW:
This is a rare opportunity to acquire a freehold property along with a well-established business that has been operating for over 50 years. The 4-bedroom residential unit on the upper floor is currently owner-occupied. Additionally, the property comes with land at the back.

The convenience store operates in a residential area with no nearby competition, making it an attractive opportunity for growth. The new owner has the option to either continue operating the business or lease it out for rental income. Additionally, the buyer can expand the opportunity by renting out the residential space above.

Turnover: Approx. between £11,000 - £11,350 P.W.

POTENTIAL OPPORTUNITIES:

This business currently does not offer alcohol sales due to religious reasons, providing a significant opportunity for the new owner to introduce alcohol-an addition that could substantially increase turnover.

With no immediate competition in the area, there is also strong potential to launch a home delivery service, catering to local demand and expanding the customer base.

Additionally, the shop can diversify its income stream by offering parcel services such as Amazon Hub, UPS Access Point, and Hermes (Evri). These services are in high demand locally, and this shop is the only commercial premises within a predominantly residential area-making it an ideal hub for parcel collection and drop-off.

The residential space above the shop presents further income potential. It can generate an estimated £2,100 per month if rented separately, or it can be used for staff accommodation or for a family looking to run and reside within the business premises.

Moreover, there is potential to expand the retail space. The current shop size is approximately 450 sq. ft., but the adjacent living room can be converted to nearly double the current size, significantly enhancing the retail area and its earning capacity.

TENURE: Freehold
CURRENT SHOP SIZE: Approx. 450 sq. ft.
EXPANSION POTENTIAL: Up to double the current size by incorporating adjoining space.


TRADING HOURS:
- Monday to Saturday: 5:30 AM to 7:30 PM
- Sunday: 5:30 AM to 1:30 PM

ADDITIONAL POTENTIAL:
The business could extend its trading hours to operate later into the evening, providing further growth potential.

PRICE:
The property is being marketed for £600,000, which includes the freehold interest, the goodwill of the business, and all fixtures and fittings.



Coventry , United Kingdom