Extremely well established convenience store and off licence for sale.
Halesowen, West Midlands
- Asking Price: £250,000 +SAV
We are advised as per the 2021 accounts, the business generated a turnover in the region of £190,000. Further financials can be made available upon further request.
Please quote reference B06979
- Tenure: Freehold/Leasehold
*** Freehold - £279,995 + SAV ***
*** Leasehold - £55,000 + SAV ***
Please quote reference B06979
Hilton Smythe are proud to offer to the market an unopposed and well performing convenience store and off licence within a densely populated residential area.
There has been a Convenience store at this site for many years. The current owner has run it as Olive Store for the last 20 years or so and the business has flourished under his ownership accruing an impressive number of regular and repeat customers along with a reputation for customer care and service along with competitive pricing.
Olive Store is a family run business and has been a real labour of love for all members of the family who have been involved in it. The business can truly be said to be at the heart of the local community.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners desire to pursue a change of direction, he is keen to see his beloved off licence and convenience store pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
Olive Store sells a wide range of products including:
- Tobacco and vaping products
- Crisps and snacks
- Cold drinks
- Beers, wines and spirits
- Household goods
- General groceries
- Frozen food
- Ice creams
- Bread and cakes
- Dairy products
The sale will include the company website (olive-store-convenience-store.business.site) and Facebook page and the business enjoys great visibility on the internet.
Olive Store has an impressive number of regular customers many of whom are known on a first name basis by the current owner who is a popular and well respected member of the local community.
The business enjoys great reviews online such as;
- “Great local shop, always well stocked and friendly staff”
- “Fantastic service, highly recommended“
- “Seems to be a well-run family business“
- Advertising and marketing campaign, a local leaflet drop often yields good results
- Extend the opening hours
- Maximise the use of social media platforms
- Consider stocking bedding plants, shrubs and flowers, lots of demand in the area
- Explore other income streams such as additional parcel services, dry cleaning franchise etc
- A well-established business with an enviable reputation and many existing customers
- Little or no competition locally
- Current owner happy to offer a handover to ensure the continued success
- Includes generous living accommodation
- Freehold or Leasehold option available
We are advised that the business is owner run and managed, with the help of family members.
The business hours are -
Monday – 7:00am – 9:00pm
Tuesday – 7:00am – 9:00pm
Wednesday – 7:00am – 9:00pm
Thursday – 7:00am – 9:00pm
Friday – 7:00am – 9:00pm
Saturday – 9:00am – 9:00pm
Sunday – 9:00am – 9:00pm
Olive Store is located in Halesowen.
Halesowen is a large market town in the Metropolitan Borough of Dudley in the West Midlands.
Historically in Worcestershire the town is around 9 miles from Birmingham city centre and 6 miles from Dudley town centre. The population of the town, as the 2011 census was 58,135.
Halesowen borders on green belt land with excellent access to the countryside, for example the Clent Hills. It has extensive road links including Junction 3 of the M5 motorway, which allows easy commuting to Birmingham, other areas of the Black Country or nationwide.
The centre of Birmingham is approximately 30 minutes away by car and reachable by the number 9 bus.
Olive Store is ideally positioned in a main road position in the centre of a densely populated residential area comprising a mix of property types which are owner occupied, privately rented and local authority housing.
The business is beautifully presented and fastidiously maintained with clear visible signage and distinctive blue livery. There is free on street parking immediately outside the business. along with further parking in the roads and streets surrounding the premises.
Olive Store occupies generous, mid terrace premises and is presented to the highest standards and briefly comprises;
Shop - Double fronted with windows and a glazed door to front creating a light, airy and inviting interior, generously proportioned and well stocked with suspended ceiling with concealed LED lighting, tiled floor, perimeter shelving, central shelving gondola, bespoke counter with till, card machine and Lotto terminal and generous wrapping area, dump bins for special offers, CCTV, glass fronted food freezer, glass topped ice cream chest freezer, open dairy chiller, three double glass fronted drinks chillers, single glass fronted drinks chiller.
Stock Room - With perimeter shelving and floor storage space
Living Room - With window to rear, feature fire place and TV point
Kitchen - With a range of base and wall units, stainless steel sink and drainer, window to rear
Shower Room - With shower, close coupled toilet and hand wash basin
Cellar - Dry with power and light, providing useful storage space
To the first floor are 4 good sized bedrooms and a family bathroom
To the rear of the premises is a small, secure garden
We are advised that the business is being sold on both a Freehold or a Leasehold opportunity.
Leasehold - £55,000 + SAV, with a mutually acceptable lease agreed with the new buyer. The rent is £12,000 per annum.