Veritas Business Sales are delighted to offer for sale this outstanding Convenience Store which is dates back to the 1930’s and has been in the careful hands of our clients for the past 26 years. Reluctantly the business is now being offered for sale to so that they can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is overseen by the owners but is heavily reliant on a team of 1 full time and 9 part time staff members and has an impressive weekly turnover of over £13,000. The split is approximately 75% retail where they offer, groceries, bread, frozen foods, dairy produce, fruit & veg, cold drinks, confectionary, newspapers, magazines, greeting cards, hardware, toiletries, pet foods, tobacco, beers ,wines and spirits. The remaining 25% comes from the sandwich/breakfast takeaway section where they offer hot & cold breakfast sandwiches, pies, pasties, daily specials and cakes. We believe that there is further potential to increase trade by expanding upon the current opening times and a more hands on owner operator would reduce the current wage bill. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many passers by due to it’s prominent location. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Monday – Sunday – 6.30am – 8.30pm
This established and well presented Convenience Store is located in the highly desirable area of Solihull. Its positioned within in a highly visible and prominent trading position on a busy parade to include a Butchers, Hairdressers, Post Office and Off-License. The area is a highly populated with residential properties and benefits from 4 large secondary schools, a large college and several infant & junior schools resulting in a large number of families living within the local area. The business is located on a busy through road within an extensive local retail catchment, positioned within 1 mile you have a large and busy retail park, Solihull town centre and the new Parkgate retail development where you will find an abundance of major retailers and new housing. Birmingham centre is only 8 miles away and Birmingham International Airport is 3.5 miles making this a very accessible location. It's easily accessed via the A34 and A41, is 1 mile from the M42 motorway and is within close proximity to the M6, and M5 motorways.
Original term: 10 years
Remaining: 7 years
Rent: £32,000 pa
Reviewed: 5 yearly