£0 £1000000
£0 £1000000

High Turnover Local Convenience Store Business

Halesowen, West Midlands

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Archived

£39,999 +SAV

Ref: B05807

Leasehold

Overview

Please Quote Reference B05807

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

There has been a Newsagents at this site since the 1960’s and the current owner has run it successfully and lucratively as Jack’s News and Booze since 2013.

The business is now being sold, albeit reluctantly and with a heavy heart only due to a need to concentrate on his other business interests. The vendor is keen to see his beloved newsagents/off licence pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.

Jack’s News & Booze sells a wide range of products including:

  • Tobacco and vaping products.
  • Newspapers and magazines.
  • Confectionery.
  • Crisps and snacks.
  • Cold drinks.
  • Beers, wines and spirits.
  • Household goods.
  • General groceries.
  • Ice creams.
  • Dairy products.
Additionally, the business has a Lotto terminal with sales of approx. £1000 per week and sells phone top ups.

The weekly news bill is approximately £300 which comes from over the counter sales.

The business has an impressive number of regular customers, many of whom are known on a first name basis by the current owner who is popular and well-respected member of the local community.

Scope to Improve:

  • Advertising and marketing campaign, a leaflet drop always yields good results.
  • Maximise the use of social media.
  • Extend the opening hours, the business has permissions enabling trading between the hours of 06.00 – 23.00 7 days a week.
  • Install a Pay point or Payzone terminal.
  • Consider reintroducing news delivery rounds, lots of older residents locally who would find this useful.
Reasons to Buy:

  • A well-established business with an enviable reputation and many regular customers.
  • Prime trading position in a busy and vibrant shopping centre.
  • All fixtures and fittings included making this a real ‘Turnkey’ business opportunity.
  • Ideal owner managed or partnership business.
  • Current owner happy to offer a handover to ensure the continued success.
  • Low running costs with inexpensive rent and no business rates.
  • Ideal first business.
  • Priced to facilitate a quick sale.
Hilton Smythe highly advise early viewing to avoid disappointment.

This great little business is likely to attract considerable interest.

Turnover
Jack’s News & Booze generates an advised current turnover of circa £260,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit and has enjoyed higher turnover previously. For further information please reference B05807.

The business is run and managed by our client with the help of a full-time member of staff.

Monday to Saturday 07.30 – 19.30

Sunday 09.00 – 15.00

Jack’s News & Booze is in Halesowen.

Halesowen is a large market town in the Metropolitan Borough of Dudley in the county of 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 measure by the UK Census 2011 was 58,135.

Transport in the town is overseen by Transport for West Midlands, the county’s transport authority and is served by a comprehensive bus network.

Jack’s News & Booze is ideally positioned in the unusually busy and vibrant shopping centre of the town. The business sits alongside other complimentary retail businesses, many of which are interesting independents and is close to the bus station and thus benefits from high levels of footfall and passing trade. The business is nicely presented and maintained with clear visible signage, there is free off-street parking immediately opposite the premises and several inexpensive public car parks within easy walking distance.

Jack’s News & Booze occupies the ground floor of a mid-terraced retail unit and briefly comprises;

Shop;

A good sized store , well stocked and nicely fitted out with windows and glazed door to front creating a light, airy and inviting interior, wood effect vinyl flooring, electric security shutters to front and rear, open drinks chiller, glass fronted double drinks chiller, further long open chiller, central shelving gondola, newspaper and magazine racking, glass topped ice cream freezer, bespoke counter with till, card machine and generous wrapping area with cigarette gantry behind, lottery terminal and scratch card dispenser, hanging sweet stand.

Rear Storeroom;

With perimeter shelving, CCTV monitor, run of worktop with tea making facilities and microwave.

WC;

Staff rest room with close coupled toilet and hand wash basin.

The business is secured by a CCTV system with smartphone connectivity and an alarm system.

Tenure
We are advised that Jack’s News & Booze is being sold as a leasehold business opportunity.

The existing lease has approximately 2 years remaining, and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £11,500 per annum which is reasonable given the size and location of the premises.

We are advised that the business benefits from being exempt from business rates.

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