Sold
Reputable Convenience Store For Sale
Halesowen, West Midlands
- Asking Price: £125,000 +SAV
-
Turnover:
Further financial information can be made available upon request.
Please quote reference B06909
- Tenure: Leasehold
Please quote reference B06909
CoGoGo are pleased to have been given the opportunity to manage the sale of Costcutter / JD Convenience which is a well established Off Licence and convenience store with a great reputation amongst local residents. This is a superb opportunity to take on a popular and well used local business in an area teeming with customers.
There has been a convenience store come off licence at this site for many years and it has enjoyed incarnations as a Threshers and Bargain Booze previously. The current owners previously ran it as a Bargain Booze, before changing it to a Costcutter / JD Convenience and has owned the business since 2006. It has flourished under their ownership accruing many regular customers along with a glowing reputation for pricing and customer service.
The business is now being sold, albeit reluctantly and with heavy hearts only due to the vendors wishes to pursue a change of direction, they are keen to see their beloved convenience/ off licence pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.
Costcutter / JD Convenience is an extremely well stocked business and offers a range of products including;
- Tobacco and Vaping products
- General Groceries
- Beers, Wines & Spirits
- Soft Drinks & Beverages
- Confectionery
- Crisps and snacks
- Frozen Food
- Bread and Cakes
- Dairy items
- Pet Foods
- Household Items
The business has an impressive number 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.
Scope to Improve
- Advertising and marketing campaign, a local leaflet drop often yields good results
- Extend the opening hours, the business has previously opened until 10pm
- Introduce premium alcohol brands, there is real demand in the area
- Introduce a delivery service, lots of older customers locally who would find this useful
- Explore additional income streams such as parcels, dry cleaning, flowers etc.
- A well established business with an enviable reputation and many existing customers
- Prime trading position on a busy main road and loads of footfall
- Current owners happy to offer a handover to ensure the continued success
- All fixtures and fittings included making this a real Turnkey business opportunity
- Ideal owner managed or partnership business.
The business is owner run and managed with the help of a part time member of staff.
The business trading hours are:
Monday to Thursday - 08:00am - 20:00pm
Friday & Saturday - 08:00am - 21:00pm
Sunday - 09:00am - 20:00pm
Costcutter / JD Convenience 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
Costcutter / JD Convenience is ideally positioned in a main road position and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade along with regular custom.
The business is beautifully presented and maintained with clear visible signage and the distinctive Costcutter livery. There is free on street parking in the roads and streets surrounding the business.
The business occupies the ground floor of a mid-terrace retail unit and is immaculately presented and fastidiously maintained and briefly comprises;
Shop
Generous and well stocked shop, glazed door to front creating a bright, airy and inviting interior, tiled floor, suspended ceiling with recently installed LED lighting, perimeter shelving, two long shelving gondolas, long open drinks chiller, dairy chiller, beer and wine shelving, bespoke counter with till, card machines and generous wrapping area, spirit shelving behind, ceiling mounted 14 camera CCTV monitor, cash machine, Lotto display, glass topped food freezer.
The business also has 2 toilets, 1 used for storage and 1 used as a toilet with hot and cold water.
Stock Room
Good sized stock room with perimeter shelving and floor storage space, base units, stainless steel sink and drainer, Triton water heater, high value cages.
To the rear of the property is a car park, with 3 allocated spaces for the owner.
Tenure
We are advised the business is being sold on a Leasehold basis with 10 years remaining on the 15 year Lease, the rent is £15,000 per annum plus a maintenance charge of £1,000.
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