* REDUCED * Popular Local Convenience Store in Birmingham

Deritend, Birmingham
REF: R07201

Asking Price:
£68,000
Annual Turnover:
£300,000
Annual Net Profit:
TBC
Featured
REF: R07201

Overview

Tenure:
Leasehold
Established:
1995
  • Great reputation
  • Loyal customers
  • Wide selection of products
  • Friendly, approachable staff
  • Ample room for growth

The business for sale is a well-established newsagents and convenience store, based in central Birmingham.

Selling a range of essential household products as well as everyday food, snacks, confectionary and alcohol, the business is visited by regulars on a daily basis, favoured over large chain shops for their affordable prices and personal service.

Having run the business for over 45 years, the current owners are now seeking retirement and therefore wish to pass the business on to an experienced owner-operator or enthusiastic first-time buyer.

Visited by all members of the public including passing students and commuters, as well as various businesses, the shop benefits from a large and loyal customer base thanks to its central position in Deritend, Birmingham

The shop is set back a little off the main road by a large footpath, its glass frontage listing various items on offer. Once inside, customers notice its clear product arrangement, with ample fridge and freezer space containing cold food and drink and shelving for reading materials and household goods. To the right there is a fresh sandwich counter and to the rear, a main counter displaying cigarettes, lottery tickets and alcohol behind. Beyond the counter is a large store and garage which is utilised for storage.

All equipment is included in the sale, comprising shelving, fridges, freezers, displays, and the till.

A key part of the area’s transformation is around the new Curzon Street HS2 station, which will effectively create a new ‘front door’ to catalyse further growth. To the south, Digbeth and the Grand Union Canal Corridor have a key role to play. They present a unique stage to develop a new urban district close to the retail and commercial core of the city, as well as connecting to Birmingham’s heritage and legacy as an important industrial centre.

 

Ideal for a regional or national operator looking to grow their portfolio, or an individual with extensive retail management experience, the business could be developed if desired. Opening hours could be extended where possible to allow for more sales. Gaining a licence to sell alcohol later would also help to grow profit and marketing locally could also assist in gaining new customers.

The current owner is willing to stay on for a transitional period, which can be discussed with the buyer upon purchase.

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  • Easily accessible
  • Parking available
  • Fast-becoming a new bohemian district
  • Increase in footfall from investment in the town
  • Bars are also opening in the area which helps to entice evening trade
Rent
£18,000
Rates
£0
Lease Term
TBC
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
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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