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Convenience Store for sale

Buckingham Grove, Kingswinford, West Midlands, DY6

98 sq. m. | £29,950

Property Description

Commercial information

  • Business for sale
  • 1,054 sq ft (98 sq m)

Key features

  • LEASEHOLD
  • REF 3093

Full description

Tenure: Leasehold

LOCATION
The business is located in the historic town of Kingswinsford, West Midlands

The business is prominently situated in the centre of a small retail parade amongst other complimentary retail businesses and is in the centre of a large housing estate with high levels of repeat business and passing trade. There is free parking immediately to the front of the business.

The area is readily accessible from the A449 and sits between Stourbridge to the south and Wolverhampton to the north.

BUSINESS
Hilton Smythe welcomes to the market the busy convenience store Drinks Box. Established in the 1960's, our client has been successfully running the business since inception in 2014.

The business occupies a prime trading location within a heavily populated residential area from which the business derives much trade, with the benefit of very little competition in the area. The store is well stocked with a good lay out, retailing a wide range of products including convenience items, newpapers and magazines, confectionery, tobacco, alcohol and other every day essentials. The business reports a healthy turnover of circa 260,000 per annum.

The business also offers a Paypoint service and receives good revenue from this, in addition to regular income from lottery sales and news sheets. A new owner may wish to look into introducing newspaper delivery rounds in the area to further income.

We believe the business has real potential to considerably increase the turnover. The current owner has been operating the business with a Manager in place to oversee the day to day running of Drinks Box, therefore this business would be ideal for an Owner/Manager or a husband and wife team looking to take this popular business to the next level to reduce the wages bill.

We would urge early viewing of the well-established going concern with low running costs and competitively priced for a quick sale.

PREMISES
Mid parade premise briefly comprising: -

The front of the business is nicely presented and well maintained with clear visible and attractive signage with a roller security shutter. There is a post box which encourages passing trade and free parking immediately to the front.

A generous sized shop with window to front creating a light airy interior, immaculately presented and well stocked with slate effect vinyl flooring, suspended ceiling with concealed lighting, glass topped ice cream freezer, photocopier, wall hanging space, magazine racking, 2 glass fronted drinks chillers and 1 glass fronted dairy chiller.

Central shelving gondola, generous run of wine and beer shelving, air conditioning, greetings card racking, long open drinks chiller, glass topped food freezer, counter area with till, lottery terminal, Paypoint terminal and generous wrapping area with confectionery shelving below. Spirit shelving and cigarette gantry behind.

Stock Room
To the rear of the store is a good sized stock room with perimeter shelving and door to rear yard.

WC
With hand wash basin.

The business benefits from 4 camera CCTV security system and alarm.

To the rear of the premises is a small yard with parking for a car or small van and door to rear stockroom which proves useful for deliveries and avoids the need to carry stock through the shop.

TENURE
We are advised leasehold.
The original lease length is 10 years
8 years remain on lease
Review period is every 5 years
Rent is 9000 per annum.

HOURS
The store opens:-

Monday to Friday 7.00am - 9.00pm
Saturday and Sunday 8.00am - 9.00pm

STAFF
The business is owner run with the assistance of a Manager and 1 other member of staff.

FINANCIAL PROFILE
The convenience store generates a turnover in the region of 260,000 per annum.

The business receives the following average weekly takings-
Lottery 1,500 per week
Paypoint 1,500 (sales)
News sheets 500.

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