Convenience Store & Off Licence In Selly Oak For Sale

Business description

Advent Business Sales is delighted to have been instructed to offer to the market this extremely popular and profitable convenience store with excellent future potential.

Founded over 40 years ago, the shop has been in the proud ownership of our client for the last 4 years and is only now being reluctantly offered for sale as he plans to emigrate to join his family overseas.

Our client has extended and improved the shop with modern fixtures and fittings throughout and is decorated to a high standard.

The business retails all the usual traditional lines including:
• Cigarettes, cigars and tobacco
• Confectionery, crisps and frozen foods
• Soft drinks
• Chilled foods and sandwiches
• Ice cream
• Milk and bread
• Fresh fruit and veg
• Beers, wines and spirits
• Hardware
• Newspapers
• Cards and gift wrap
• General house hold products

The shop also has a good DVD rental business on a split fee basis of 70/30 per film and has both western union and payzone/paypoint facilities, which average £100 per week on commissions.

We are advised that stock at cost is approximately £40,000.
REF: 8950B

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 10 years
Remaining lease: 6 years
Review every: 3 years
Rent: £7,200 per annum

We are advised that the annual business rates are currently: £6,500

Living accommodation:

High visibility corner position with the added security of being fully alarmed, an 8 camera CCTV system and with shutters over the door and both side windows and briefly consisting of: Ground Floor • Centre corner door into the main sales area with an open chiller, 2 ice cream freezer and soft drink chiller • Centre gondola and perimeter shelving • Slightly raised level to counter with till and cigarette gantry to rear • Confectionery display • 4 x 2 door alcohol chiller • DVD gondola • Extensive shelving for wines • Side stores area • Down to very large basement stores • Separate w/c

Location:

The business has an excellent dual aspect high visibility prime location in Selly Oak in South Birmingham.

The area is principally residential with a very high number of students living locally as the university is only approximately 1½ miles away.

The shop also benefits from exceedingly high footfall, which is generated from the nearby railway station, hospital and Selly Oak park.

The shop is accessed from the A38, which links the suburb to M5 and M6 motorways, whilst the A4040 gives access to the city centre.
Parking is free of charge on street all around the shop in the local residential area.

Other information

Expansion potential:

Our client runs his business to suit his personal lifestyle and is content with the results achieved but is also aware that there are many avenues where sales and profits could be increased such as:
1. Opening more hours. The shop does not open until 2pm and so misses all the morning trade
2. Have a cash machine installed, there are non nearby
3. Offer evening deliveries to the university campus but with a minimum order value
4. The shop could be rebranded in associated with a larger convenience store group
5. Offer hot drinks and baguettes to the morning trade going to and from the nearby railway station
6. Selling magazines and well as newspapers

Trading hours:

Mon-Sat: 2pm – 10pm, Sun: 3pm – 10pm

Financing available:

Please let us know if you require finance for the purchase of a business.

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