4010 Convenience Store Business For Sale in Halesowen West Midlands



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Business History

Preferred Commercial is delighted to offer for sale this Convenience Store Business For Sale in Halesowen West Midlands, which was established in 1940 and which has been in our client’s careful hands since 2004. The business is only now being placed onto the market due to a change in our client’s circumstances. The shop trades 7 days a week and generates a turnover in the region of £208,000 with a gross profit of 20%. Our client currently offers a wide range of groceries, confectionery, alcohol, cigarettes, newspapers, magazines and general convenience lines. The shop is well-presented throughout and boasts a large retail area as well as multiple storage rooms, which we feel a new owner could develop into further retail space if so desired. There is a spacious self-contained 2 bedroom flat to the upper floor, which is currently rented out, generating £500 rental income per month. A new owner could continue letting the flat out or incorporate the first floor entrance with the rear of the shop and use the flat as owners’ accommodation. There is scope for a new owner to extend the opening hours as the shop is licensed until 11pm and currently closes at 9pm on most days. The business already boasts an excellent reputation in the area and benefits from a loyal customer base and much repeat trade. We feel this is an ideal opportunity to acquire an already busy convenience store and newsagents with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Location

Shell Corner Off Licence and Newsagent occupies substantial 2-storey premises, ideally located on a busy main road running through the town of Halesowen, West Midlands. The premises are situated in a prime location on the A4034 and are easily accessible via public transport. The business is situated amongst a parade of complementary shops and businesses and boasts a high footfall. The business is surrounded by densely populated residential estates from which it draws much of its trade. Halesowen is a large town, which boasts a good selection of amenities and attractions including a hospital, library, railway station as well as several bars and restaurants. The town also possesses excellent schools and parks and is a highly desirable place in which to live and work. The business boasts excellent access to the A-road and motorway networks being situated on the A4034 leading to the A458 approximately a mile to the south. The M5 motorway is approximately 2.5 miles to the north-east. Birmingham is 8 miles to the east and West Bromwich is 4 miles to the north.

Financial Details

T/O: £208,000 approx.

GP: 20%

Opening Hours

Mon — Thurs: 5.30am — 9.00pm

Fri: 5.30am — 11.00pm

Sat — Sun: 6.00am — 11.00pm

Accommodation

Substantial 2-storey convenience store with large retail area and 2 bedroom flat to the upper floor. Briefly comprising:

Ground Floor

Retail area with 3 x fixed gondola display stands, glass fronted chillers, freezer, newspaper and magazine stand, alcohol section with shelving units and Carlsberg can chiller, separate area with stationery and hardware display, ATM machine, photocopier, counter servery with 2 x electronic cash registers, cigarette gantry, confectionery display and shelving displaying spirits

• Stockroom with shelving

• Office

• Large stockroom with shelving

• Kitchen

• WC

First Floor

Self-contained flat comprising:

• Sitting room

• 2 x double bedroom

• Family bathroom

• Kitchen with oven, stainless steel sink, boiler and a range of wall and base units

External

• 1 x owners’ parking space

• Small yard with staircase to first floor

Tenure

Advised freehold


Post time: 08-14-2017