For Sale
Busy convenience store for sale
Birmingham, West Midlands
- Asking Price: £28,500 +SAV
-
Turnover:
Further financials can be made available upon request.
- Tenure: Leasehold
Please quote referrence B07553
CoGoGo are delighted to welcome to the market My Local Express, a newly established convenience store in Handsworth, Birmingham.
The business was established by our client in 2023, building up an excellent reputation and regular client base during its short time of trading.
The business has now come to the open market due to our clients desire to move onto other business ventures.
The business stocks groceries, confectionary and household essentials.
Key selling points -
- High footfall location
- Newly renovated
- Scope for expansion
- Turnkey business
- Increase opening hours
- Add cigarette and vape sales
- Introduce parcel drop off/collections
- Introduce alcohol/off licence sales
We are advised that the business is run and managed by our client only.
The current trading hours are -
Monday to Saturday - 8am - 5pm
My Local Express is located on Rookery Road, in the Handsworth area of Birmingham.
The business has bold signage which can easily be noticed on both sides of the road. Led lights which is switched on at nights and is very bright.
A brand new metal canopy roof has been fitted at the front with guttering.
Potential to sell fruit and veg or drink crates.
There is free parking to the front of the shop and is directly opposite a busy bus stop, receiving high levels of footfall
Ground floor -
- Large service area with a counter and shelving
- Central display stands, with slat wall paneling, fridges and freezers.
- To the rear of the shop is the storage room.
- Kitchen and bathroom facilities to the rear.
- 2 Big double bedrooms
- Large storage room at the back which can be refurbished into a 3rd bedroom to let.
- Seperate gated side entrance. Entrance for the rear and upstairs.
- The property has a 4K CCTV system.
Tenure
We are advised that the business is being sold on a Leasehold basis, on brand new 5 year lease. The rent is £1,250 per calander month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
