Archived
Well Established Convenience Store For Sale
Birmingham, West Midlands
- Asking Price: £39,950 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £70,000 as of 2021, further financial information can be made available upon request.
Please quote reference B06615
- Tenure: Leasehold
Please quote reference B06615
Hilton Smythe are pleased to have been given the opportunity to manage the sale of New Hall Express which is a well-established 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 convenience store at this site for over 25 years. The current owners have run it as New Hall Green Express for the last 3 years and the business has been a real labour of love for them. The business is now being sold, albeit reluctantly and with heavy hearts only due to personal circumstances, the vendors are keen to see their beloved convenience store pass to an ambitious and entrepreneurial new owner (s) who can take it to the next level.
New Hall Green Express is well stocked and offers a range of products including:
- Beers, wines and spirits.
- Cigarettes and vaping products.
- Crisps and snacks.
- General groceries.
- Greeting cards.
- Frozen food.
- Top up cards.
- Parcel services.
New Hall Green Express 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. The business is opposite a busy college and close to local schools and this has a very positive effect on footfall.
Reasons to Buy:
- A well-established business with an enviable reputation and many existing customers.
- Prime trading position on a busy main road and in a densely populated residential area.
- Low running costs with inexpensive rent and no business rates.
- All fixtures and fittings included making this a real Turnkey business opportunity.
- Ideal owner managed or partnership business.
- Current owner is happy to offer a handover to ensure the continued success.
The business is owner run and managed with the help of 1 part time staff member.
The business trading hours are as followed:
Monday to Saturday - 08:30am - 20:00am
Sunday - 10:00am - 20:00pm
New Hall Green Express is in Hall Green.
Hall Green is an area in south east Birmingham. Historically it lay within the county of Worcestershire. The 2001 population census found that there were 25,921 people living in Hall Green.
New Hall Green Express occupies a main road position and sits alongside other complimentary retail businesses.
The business is nicely presented and maintained with clear visible signage and distinctive livery. There is free on street parking in the roads and streets surrounding the premises.
New Hall Green Express occupies the ground floor of an inner terraced retail unit and briefly comprises:
Shop;
Double fronted with windows and glazed door to front creating a light, airy and inviting interior. Tiled floor, suspended ceiling with concealed lighting, bespoke counter with generous wrapping area, confectionery display to front and cigarette gantry and spirits shelving behind, long open drinks chiller, double glass fronted drinks chiller x 2, perimeter shelving, central shelving gondola, glass topped food freezer, hanging sweet display, greeting card racking.
Stock Room;
To the rear of the shop is a walk-in chiller (not working) which is used as a stock room
WC;
With toilet and hand wash basin.
Rear Stock Room;
With shelving and floor storage space.
The business is secured by a monitored alarm system with panic buttons and a 6 cam
Tenure
We are advised the business is being sold on a Leasehold basis with 8 years remaining on the Lease, the rent is £600 per 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
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