Archived
Well established Off Licence, Grocery Store and Delicatessen for sale
Tamworth, Staffordshire
- Asking Price: £34,999 +SAV
-
Turnover:
We are advised as per the 2021 accounts, the business generated a turnover of £328,884. Full financials can be made available upon further request.
Please quote reference B06745
- Tenure: Leasehold
Please quote reference B06745
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Diana’s Food Store Store which is a well-established Off Licence, Delicatessen and Grocery 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 Off Licence/Grocery store at this site for a few years and it was previously known as The Granny House. The current owner has run it as Diana’s Food Store since 2017 and the business has flourished under his ownership accruing many new customers along with a burgeoning reputation.
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.The vendor is keen to see his beloved Off Licence, Deli and Grocery store pass to an ambitious and entrepreneurial new owner(s) who can take this already thriving business to the next level.
Diana’s Food Store is well stacked and sells a wide range of products including:
- Continental cooked meats and cheeses
- Confectionery
- Crisps and snacks
- Cold drinks
- Beers, wines and spirits
- Household goods
- General groceries
- Frozen food
- Ice creams
- Bread and cakes
- Dairy products
Diana’s Food Store is proud of its 5 star hygiene rating.
Scope to Improve -
- Advertising and marketing campaign, a local leaflet drop often yields good results
- Extend the opening hours
- Maximise the use of social media platforms particularly Twitter and
- Apply for a Lotto terminal
- 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
- Low running costs with inexpensive rent and no business rates
- Prime trading position with lots of footfall
- Ideal owner managed or partnership business
- Current owner happy to offer a handover to ensure the continued success
We are advised that the business is run and managed by both owners, with the help of 2 full-time members of staff.
The business hours are -
Monday – 09:00 – 20:00
Tuesday – 09:00 – 20:00
Wednesday – 09:00 – 20:00
Thursday – 09:00 – 20:00
Friday – 09:00 – 20:00
Saturday – 09:00 – 20:00
Sunday – 09:00 – 18:00
Diana’s Food is located in Tamworth.
Tamworth is a market town and borough is Staffordshire, 14 miles north-east of Birmingham and on the West Coast Main Line. The town borders North Warwickshire to the east and north, Lichfield to the north, and west. The M6 toll runs to the south of the town. It takes its name from the River Tame which flows through it. The population of Tamworth borough is 76,696 whilst the wider urban area has a population of 81,964.
Diana’s Food Store is ideally situated in a main road position and sits alongside other complimentary retail businesses and thus benefits from high levels of footfall and passing trade.
The business is beautifully presented and maintained with clear visible signage and distinctive livery.
There are a number of inexpensive public car parks within easy walking distance as well as free on street parking in the roads and streets surrounding the premises.
Diana’s Food Store occupies the ground floor of a modern, purpose built retail shop and is immaculately presented and fastidiously maintained. The business briefly comprises;
Shop - With windows and a glazed door to front creating a light, airy and inviting interior, tiled floor, fluorescent lighting, bespoke counter with Vaping display and spirit shelving behind, deli section with glass fronted, serve over counter, perimeter shelving, central shelving gondola, free standing product displays, 2 x glass topped freezers, 2 x open dairy and preserved meats chillers, glass fronted drinks chiller, metal crisp and snack racking, coffee machine, microwave oven.
Office - With space for desk and chairs etc.
Stock Room - With shelving and floor storage space
WC - With close coupled toilet and hand wash basin.
The premises are secured by an 8 camera CCTV system with smartphone connectivity and a Verisure monitored alarm system.
Tenure
We are advised that the business is being sold on a Leasehold basis, with the rent at £11,000 per annum.
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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
Rates may differ as they are dependent on individual circumstances. Subject to status.
