Local Newsagents, Convenience Store & Off Licence in Tipton

Tipton, West Midlands
REF: R07727

Asking Price:
£129,995
Annual Turnover:
£455,186
Annual Net Profit:
£37,064
Reduced
REF: R07727
Photo of Local Newsagents, Convenience Store & Off Licence in Tipton
Photo of Local Newsagents, Convenience Store & Off Licence in Tipton
Photo of Local Newsagents, Convenience Store & Off Licence in Tipton
Photo of Local Newsagents, Convenience Store & Off Licence in Tipton

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.

Location

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  • High Footfall

Property

Annual Rent
£11,400
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

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

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