Local Newsagents, Convenience Store & Off Licence in Tipton

Tipton, West Midlands
REF: R07727

Asking Price:
£134,999
Annual Turnover:
£455,186
Annual Net Profit:
£37,064
REF: R07727

Overview

Tenure:
Leasehold
Established:
2017
  • Loyal customer base
  • Huge growth opportunity
  • Spacious premises
  • Equipment included
  • Recently refurbished

The business for sale is a local newsagent, convenience store and off-licence located in Tipton, West Midlands.

Operating from a well-renovated, prominent premises (1880 square feet) - the shop has built up a fantastic reputation among local residents. Customers are able to shop for a wide range of products, including; newspapers and magazines, tobacco, alcohol, groceries, household products and more.

The business also benefits from a Pay Point and Lotto terminal, alongside an in-store ATM machine.

With low overheads and no business rates, the business is offered on a leasehold basis. Rent is payable at a rate of £11,400 per annum with 7 years remaining on the current lease. The vendor has advised they would be willing to stay on for a transitional period, should a new owner require.

The business operates in the popular town of Tipton, a bustling residential area with minimal local competition - ideally situated on the corner of a busy main road.

Customers enter directly onto the shop floor, complete with; L-shaped counter with confectionary display, 2 EPOS tills, card machine, Paypoint and Lotto terminals, scratch card display, spirit shelving, cigarette gantry, display fridges, freezers and more. To this floor, there is also a good size stock room, walk-in store and staff toilets. A staircase rises to the first floor, featuring a secondary storeroom of a good size.

The business also benefits from an ADT Redcare, monitored alarm system and a 16 camera CCTV system with smartphone connectivity. All the relevant fixtures and fittings are to be included within the advertised sale price.

This would be the perfect opportunity for a local individual in search of a profitable business in a dynamic, customer-facing role.

There is ample room for further growth with this business. Currently operating with a minimum online presence, the introduction of a company website and social media pages would help to promote current offers and deals, driving more custom.

A new owner could also look to expand their services to include elements such as Amazon lockers or become a Hermes ParcelShop. There could also be the possibility to introduce a delivery service through the likes of Deliveroo or UberEats.

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  • Nearby car parking
  • Residential area
  • High footfall
  • No local competition
  • Close to local businesses
Rent
£11,400
Rates
£0
Lease Term
10 years
Lease Expiry
7 remaining but open lease which auto renews
Square Footage
1880
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

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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