£0 £1000000
£0 £1000000

Convenience Store Located in Highly Populated Residential Area

Birmingham, West Midlands

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Sold

£269,999 +SAV

Ref: B05832

Leasehold

Overview

Please Quote Reference B05832

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Nisa Bartley News which is a well established convenience store with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a grocery type business at these premises for over 50 years and the current owners have run it successfully and lucratively for the last 30 years or so during which time it has flourished and become a real part of the local landscape and accrued a fantastic reputation.

The business has loads of regular customers, many of whom are known on a first name basis by the current owners who are popular and well respected members of the local community.

This wonderful business is now being sold, albeit reluctantly and with heavy hearts only due to the owners wishes to enjoy a well earned retirement, they are keen to see their beloved convenience store pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.

Nisa Bartley News is extremely well stocked and offers a wide range of product including:

  • Tobacco and vaping products
  • Confectionery
  • Beers, wines, ciders and spirts
  • Newspapers and magazines
  • Fresh fruit and vegetables
  • Chilled soft drinks
  • General groceries
  • Frozen foods
  • Ice creams
  • Crisps and snacks
  • Household items
Additionally, the business has a Paypoint terminal with weekly takings of £7000 -£8000, a lottery terminal approximately £1000 per week and the weekly news bill is approximately £400 with one morning news round.

Reasons to buy:-

  • A well established business with an enviable reputation and loads of existing customers
  • No competition locally
  • Prime trading position in the centre of a densely populated residential area
  • Low running costs with an attractive council lease meaning inexpensive rent
  • Current owners happy to offer a handover to ensure the continued success
  • Ideal owner managed or partnership business
  • Priced to sell the first to view should buy!
Hilton Smythe highly advise early viewing to avoid disappointment

This exceptional business is likely to attract considerable interest.

Turnover
Nisa Bartley Green generates an advised current turnover of circa £1,300,000 per annum with a healthy gross profit and continues to grow at an impressive pace.

For further information quote reference number B05832

The business is run and managed by our two clients, a husband and wife team with the help of 2 full time and 3 part time members of staff.

Monday to Saturday 07.30 – 21.30

Sunday 07.30 – 21.00

Nisa Bartley News is located in Bartley Green in Birmingham.

Bartley Green is a residential suburban area and electoral ward to the south west of Birmingham city centre.  The business is in the centre of a densely populated residential area which comprises a mix of property types including owner occupied, private rented and local authority.

The business occupies a prominent stand alone position and is immaculately presented and maintained with clear visible signage and the distinctive Nisa branding.

There is free on street parking immediately outside the premises.

Nisa Bartley News occupies the ground floor of a generously proportioned (circa 180sq.m.) retail unit, is beautifully presented and maintained and briefly comprises;

Shop

Windows and glazed door to front creating a light, airy and inviting interior, pleasing and modern interior with high quality fixtures and fittings, tiled floor, suspended ceiling with concealed led lighting, long bespoke counter with EPOS tills and generous wrapping area.

Cigarette gantry and spirits shelving behind, perimeter shelving, triple deck ice cream freezer, newspaper and magazine racking, hanging sweet display, confectionery section, long drinks chiller with glass doors to front, tights and stockings stand, refrigerated fruit and vegetables section.

Long dairy chiller with glass doors to front, double ice cream freezer, two double glass fronted food freezers, glass topped chest freezer, greeting card racking, glass fronted wines and beers chiller, ample floor space for bulk buy displays. ATM machine.

Store

There is a useful walk-in store with perimeter shelving and floor storage space

WC

With closed coupled toilet and hand wash basin

Stock Rooms

There are five stock rooms each with fluorescent lighting, perimeter shelving and floor storage space

Secure Room

For high value goods

Office

Management Office

With desk, chair filing cabinets etc, CCTV monitor

Externally

To the rear of the business is a secure yard with heavy duty steel gates

Brick Store

There is a detached brick built store with roller shutter door to front.

Garages.

There are two enbloc garages each with a roller door to front.

The premises are secured by roller shutter security grilles, a 16 camera CCTV system with smartphone connectivity and a monitored alarm system with panic buttons.

Tenure
We are advised that Nisa Bartley Green is being sold as a leasehold business opportunity.

The existing lease has approximately 9 years remaining and we are advised that the landlord (Birmingham City Council) would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £9000 per annum which is incredibly reasonable given the size and location of the premises.

We are advised that the business rates payable are approximately £4000 per annum.

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