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Well Established Grocery And Delicatessen For Sale

Tamworth, Staffordshire, UK
Asking Price:
£64,995
Turnover:
£328,884
Net Profit:
Available on request

Business
Please quote reference B06745

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Diana’s Food Store Store which is a well-established Off Licence, Delicatessen and Grocery Store with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a Off Licence/Grocery store at this site for a few years and it was previously known as The Granny House. The current owner has run it as Diana’s Food Store since 2017 and the business has flourished under his ownership accruing many new customers along with a burgeoning reputation.

The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners desire to pursue a change of direction.The vendor is keen to see his beloved Off Licence, Deli and Grocery store pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.

Diana’s Food Store is well stacked and sells a wide range of products including:
Continental cooked meats and cheeses
Confectionery
Crisps and snacks
Cold drinks
Beers, wines and spirits
Household goods
General groceries
Frozen food
Ice creams
Bread and cakes
Dairy products

The sale will include the company website and Facebook page and the business enjoys great visibility on the internet.

Diana’s Food Store is proud of its 5 star hygiene rating.

Scope to Improve -

Advertising and marketing campaign, a local leaflet drop often yields good results
Extend the opening hours
Maximise the use of social media platforms particularly Twitter and
Apply for a Lotto terminal
Explore other income streams such as additional parcel services, dry cleaning franchise etc

Reasons to Buy -

A well-established business with an enviable reputation and many existing customers
Low running costs with inexpensive rent and no business rates
Prime trading position with lots of footfall
Ideal owner managed or partnership business
Current owner happy to offer a handover to ensure the continued success

Hilton Smythe highly recommend early enquiry to avoid disappointment.

Location
Diana’s Food is located in Tamworth.

Tamworth is a market town and borough is Staffordshire, 14 miles north-east of Birmingham and on the West Coast Main Line. The town borders North Warwickshire to the east and north, Lichfield to the north, and west. The M6 toll runs to the south of the town. It takes its name from the River Tame which flows through it. The population of Tamworth borough is 76,696 whilst the wider urban area has a population of 81,964.

Diana’s Food Store is ideally situated in a main road position and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade.

The business is beautifully presented and maintained with clear visible signage and distinctive livery.

There are a number of inexpensive public car parks within easy walking distance as well as free on street parking in the roads and streets surrounding the premises.

Premises
Diana’s Food Store occupies the ground floor of a modern, purpose built retail shop and is immaculately presented and fastidiously maintained. The business briefly comprises;

Shop - With windows and a glazed door to front creating a light, airy and inviting interior, tiled floor, fluorescent lighting, bespoke counter with Vaping display and spirit shelving behind, deli section with glass fronted, serve over counter, perimeter shelving, central shelving gondola, free standing product displays, 2 x glass topped freezers, 2 x open dairy and preserved meats chillers, glass fronted drinks chiller, metal crisp and snack racking, coffee machine, microwave oven.

Office - With space for desk and chairs etc.

Stock Room - With shelving and floor storage space

WC - With close coupled toilet and hand wash basin.

The premises are secured by an 8 camera CCTV system with smartphone connectivity and a Verisure monitored alarm system.

Tenure
We are advised that the business is being sold on a Leasehold basis, with the rent at £11,000 per annum.

Hours
The business hours are -

Monday – 09:00 – 20:00
Tuesday – 09:00 – 20:00
Wednesday – 09:00 – 20:00
Thursday – 09:00 – 20:00
Friday – 09:00 – 20:00
Saturday – 09:00 – 20:00
Sunday – 09:00 – 18:00

Staff
We are advised that the business is run and managed by both owners, with the help of 2 full-time members of staff.

Financial Profile
We are advised as per the 2021 accounts, the business generated a turnover of £328,884. Full financials can be made available upon further request.

Please quote reference B06745

Property Information

Property:

Leasehold

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