Established Convenience Store in Birmingham

Birmingham, West Midlands
REF: R06364

Asking Price:
£60,000
Annual Turnover:
£700,000
Annual Net Profit:
£51,000
REF: R06364

Overview

Tenure:
Leasehold
Established:
2008
  • Well-stocked shop
  • Impressive annual turnover
  • Variety of services
  • Excellent location
  • Loyal customer base

Now available to the market is this well-established convenience store situated in a residential area within Sutton Coldfield, Birmingham.

Offering a wide selection of items including cleaning products, cards, cigarettes and consumables, amongst other things, the business has built up a strong base of returning customers and a reputation for its competitive prices and friendly service. With lottery tickets, Paypoint, newspaper deliveries and parcel collection also available, the store is truly an invaluable asset to its local community.

Providing such essential products and services has ensured that the business’s profit margins have consistently remained high since its inception in 1970.

The new owner is provided with chance to immediately benefit from the store’s consistent income and to drive it forward if they wish to do so.

Trading from a single-fronted terraced property on a parade of businesses, the store experiences good visibility from street level. Upon entry, customers are met by two aisles organised by product as well as an ATM offering free cash withdrawals to the far right. A customer counter to the front is also utilised for transactions and additional services, whilst the rear accommodates a stock room and toilets.

With no marketing in place, the store has gained an impressive turnover through its positioning and word of mouth recommendations.

The current owner would be willing to stay on for a transitional period, if needed.

This is an exciting opportunity to acquire a well-established, easily manageable business that would suit a current owner of a convenience store looking to expand, or an individual wishing to take on their own successful venture.

The store could grow profit further by introducing a general goods delivery service, as well as obtaining a licence to sell sealed alcohol to the public.

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  • Town location
  • Residential area
  • Other businesses and schools nearby
  • Car parking nearby
Rent
£6,500
Rates
TBC
Lease Term
10
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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