Shop for sale

Trinity Road South, West Bromwich,West Midlands, B70

£65,000

Property Description

Full description

Tenure: Leasehold

SOUGHT AFTER CONVENIENCE STORE - WEST MIDLANDS
Situated in the busy town of West Bromwich
Advised annual turnover of 500,000
Scope for further development
Ideal partnership opportunity
Genuine retirement sale
Superb trading location
LEASEHOLD



Location

This well presented convenience store enjoys an ideal trading location on the high street on a major through road in West Bromwich, West Midlands. The business is perfectly placed, nestled between residential properties in a densely populated area from which it derives most of its trade. The neighbouring area has a number of large corporate businesses, trading estates and a football club which provides regular custom. The business also benefits from being situated close to public transport and on a main through road as there is a mass of motorists, public transport users, and area visitors who pass by on a day to day basis. West Bromwich is a very popular business and residential town due to its fine housing, good schools, NHS services, excellent central shopping centre, easy road and rail links. The town is in close proximity to Birmingham. With the city centre being less than 5 miles away and offering some of Europe's most desirable shopping, dining and entertainment venues. Birmingham also offers International Airports, world recognised golf courses and many other visitor attractions. West Bromwich is accessed via the M5 connoting to the M6, M40 and beyond


Business History

Meridian Business Sales are pleased to offer to the market this long established convenience store/sandwich which has been established since 1936 and in the careful hands of our clients for the past thirty five years. The only reason this excellent opportunity is being offered to the market, is due to our clients desire to take well deserved retirement. Since our clients took ownership of the business they have run the business at a pace to suits their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop this business. Our clients advise us that the annual turnover currently runs at 500,000 with a gross profit of 69,000 which is derived from selling a wide range of products including; food, drinks, magazines, newspapers, household goods, alcohol, cigarettes, sweets and many more making it the perfect local shop for the residential area. The business also offers a cash back facility via the PDQ machine, phone top ups and the lottery. The premises have been extended, on the ground floor, to double the shop area and there is a small food counter selling hot and cold sandwiches. Above the original store there is room to make 1 bedroomed accommodation, STPP, for a new owner. There is massive scope for the business to undergo newspaper deliveries, install a cash machine, this would increase the trade for the business and gain a higher repute with the local residents. Our client is happy to provide full training during the transition period. The shop is in need of refurbishment and this is reflected in the price. This is an ideal opportunity for a first time buyer to purchase an good foundation business which is a great base to build with massive development potential and as such early viewing is highly recommended.



Financial Profile
Turnover: 500,000pa
Gross Profit: 93,000pa
Stock: (Approximately) 25.000

Tenure
We are advised leasehold
Original length: 5 years
Remaining: 5 years
Review: 3 years
Rent: 13,000pa



Accommodation

Prominent, visible shop with canopy and secured entrance to:

Shop fitted to suit business
Various shelving and racking
Serving counter
Till
PDQ machine

Small food counters to rear of shop:
Equipped to sell hot and cold sandwiches



EXTERNAL

Nearest stations

  • Trinity Way (0.1 mi)
  • Kenrick Park (0.4 mi)
  • West Bromwich Central (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Trinity Way (0.1 mi)
  • Kenrick Park (0.4 mi)
  • West Bromwich Central (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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