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Convenience Store for sale

Wolverhampton Road, Oldbury, West Midlands, B68

61 sq. m.

Property Description

Commercial information

  • Business for sale
  • 656 sq ft (61 sq m)

Key features

  • REF 12578

Full description

Tenure: Leasehold

AM 2 PM is located in Oldbury, West Midlands.

The business is situated on a busy arterial road. The store is amongst three stores on a retail parade. There is a beauty salon and a butchers. The business is also directly facing a main BMW dealership and is one mile from The Hagley Road which is a main A-road that runs into Birmingham City Centre. Directly outside is a parking area for around 8 cars, this is off road parking. Oldbury Academy is just 300 yards away from the shop which brings in lots of custom. Directly facing is a 24 hour PDSA veterinary surgery. Close by is a new housing estate which has brought more footfall to the area.

The A4123 on which the business is located connects to the A456 and leads to the centre of Dudley. This road also connects to the M5 motorway network. There are great road links in the area which make it easy to commute to the centre of Birmingham. Birmingham is just a short 20 minute drive away. There are also many bus stops in the area.

Hilton Smythe welcomes to the market AM 2 PM. This convenience store was originally established in 2014 by our client. The owner is now looking to sell the business due to the desire to focus on other business interests.

The business runs as a convenience store selling a fantastic range of products. They offer a great selection of confectionary products, alcohol, household products and much more. This is a great store that is in a prominent trading location. The store sees a heavy amount of passing trade each day. The area also has a mass of residential property from which the owners sees many repeat faces.

The business is currently generating a healthy turnover. This is a healthy turnover however we feel this could be increased. The business doesn't currently offer the Lotto. A newspaper delivery round and the sale of newspapers should be looked into. These options are always a great way of generating an extra turnover.

We are advised that the shop recently received a full refit. This is great for a new owner looking for a fresh new store. The premise has been complete with high quality fixtures and fittings, so this really is a walk-in trading opportunity. We are advised the council have also confirmed a hatch can be fitted, this will allow for 24 hour opening times Friday and Saturday.

This convenience store has little competition in this location and would be a fantastic opportunity for a first time buyer or investment opportunity. Hilton Smythe highly advise early viewing to take in the full potential. This is an opportunity not to be missed.

The front of the property is well-signed. This is a large property in the centre of a retail parade. There are windows across the front allowing for a bright and airy retail space.

On entrance to the right is the counter. This has frontal and on counter displays. Behind this area is the dearer alcohol and cigarette gantry. There is a till and the counter is fitted with a panic button. The store is open plan with a central aisle to the back of the room. The shop has two large open fronted chillers and a freezer, the rest of the perimeter is made up of shelving.

Equipment included in the sale is as follows-
Cigarette gantry
Double slush machine
Sweet display unit
Two 3 section open chillers (Arnec),
Two door upright display freezer
Central Display Aisle
Perimeter shelving
CCTV with 8 x cameras.

Through to the rear there is a stock room with a fridge, sink unit, table and chairs. The store room is also fitted with racking. There is also a WC.

The business is fitted with electric shutters, security grill at the rear door and a 8 camera CCTV system.

We are advised the business is being sold as a leasehold opportunity.
Original lease length: 5 years
Remaining lease length: 3 years as of 2016
Rent: 8,500 per annum including VAT.

Accommodation available for living accommodation - Rent: 550 per calendar month and cannot be sublet.

The business is opening hours-

Monday - Saturday: 8am - 11pm
Sunday: 10:00am - 10:30pm

The business is run and managed by our client with the help of family members.

The business generates a healthy turnover.

Map & Street View

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