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Convenience Store for sale

Queensway, Halesowen, West Midlands, B63

Leasehold 54 sq. m. | £55,000

Property Description

Commercial information

  • Business for sale
  • 581 sq ft (54 sq m)

Key features

  • REF 12324 H

Full description

Tenure: Leasehold

Hilton Smythe is delighted to welcome to the market this well-established and popular newsagent and off licence business, ideally located in Halesowen, West Midlands.

The business was originally established in the 1960s and has been in our client's careful ownership since 2013. Only now is the business being offered to the market due to our client's desire to concentrate on other interests and a possible move abroad. The business currently operates 6 days per week and according to the 2016 accounts generated a turnover in the region of 344,300, with a good gross profit.

Our client offers a variety of goods, including newspapers and magazines, confectionery, snacks, a few household items, soft drinks, alcohol, tobacco products, the Lottery and Scratch cards, to name a few. The property boasts 54 sq. metres of floor space, it is well maintained and fitted out to suit the trade.

The business has built up an excellent reputation within the area for the quality of the goods and service offered, which has resulted in a loyal client base, with a good volume of repeat trade and recommendations.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to promote the goods offered or introduce newspaper deliveries. There is also scope to offer Paypoint or Payzone facilities or become an agent for parcel delivery companies.

This is an excellent opportunity to acquire a busy newsagent and off licence business in a prime trading location; therefore early viewing must come highly recommended to avoid disappointment.

Jacks News & Booze occupies substantial ground floor premises, ideally located within the town of Halesowen in the West Midlands. The business is located in the town centre on the very busy Queensway and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business also benefits from excellent car parking facilities within the area.

Halesowen is a town in the Metropolitan Borough of Dudley in the West Midlands. According to the 2011 census, the town had a residential population of 24,342. In 2007-2008, Halesowen underwent a 30 million regeneration of part of its town centre, which included the construction of a new supermarket located in the Cornbow Centre, together with a new multi-storey car park, a rebuilt bus station and improvements to the road layout.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is Old Hill, which is approximately 2 miles away. The area is also well served by the A-roads, with both the A456 and A458 being within easy driving distance, which links to the national A-road and motorway networks. Birmingham is just over 8 miles away, Dudley is 6 miles away and Wolverhampton is 12 miles away.

Substantial ground floor premises in an ideal trading location, briefly comprising:

Main sales and display area with:

Large window to front creating a light and airy feel.
Wood effect vinyl flooring.
Fluorescent lighting.
Open drink chiller unit.
Double glass fronted drink chiller unit.
Long open chiller unit.
Central display shelving.
Newspaper display stand.
Ice cream freezer.
Magazine display racking.
Coffee machine.

Bespoke serve over counter with:
EPOS cash register.
Wrapping area.
Lottery terminal.
Scratch card dispenser.
Hanging confectionery stand.
Tobacco gantry to rear.

Rear store room with:

Perimeter shelving.
CCTV monitor.
Worktop with tea/coffee making facilities and a microwave oven.

WC with wash hand basin.

External with:

Bright visible signage.
Electric roller security shutters.
Rear secure yard with parking space for 2 x vehicles.
Enbloc garage, which provides additional storage space.

The business has a newly installed ADT monitored alarm system with panic button.

We are advised Leasehold:

Original lease length: 15 years
Remaining lease length: 7 years - as of April 2016
Rent: 2,875 per quarter

The business is open:

Monday - Friday: 6.00am - 8.00pm
Saturday: 7.00am - 8.00pm
Sunday: 8.00am - 12.00pm

The business is owner run and managed with one full time staff member.

The business currently operates 6 days per week and according to the 2016 accounts generated a turnover in the region of 344,300 per annum, with a good gross profit.

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