Convenience Stores for sale in Kingswinford

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John Peacock (Feb 2017)
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Freehold Price: £420,000 Turnover: £572,000
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Business Description
Business
Hilton Smythe welcomes to the market, S&F News.

S&F News is a well established licensed convenience store and newsagents. There has been a similar type of business at this site since the 1960’s and the current owner has run it successfully and lucratively for the last 8 years or so. The business is now being sold, albeit reluctantly to fund a change of direction, the owner is keen for the business to pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

S&F News is a well stocked store selling;

• Newspapers and Magazines
• Tobacco and vaping products
• Confectionery
• General groceries
• Chilled and dairy products
• Bread and cakes
• Crisps and snacks
• Beers, wines and spirits
• Ice creams
• Frozen food
• Greeting cards
• Household items.

Additionally, the business has a Payzone terminal and a Lotto terminal (with an income of approximately £400 per week) and an impressive news bill of circa £1,300 per week. The business has three morning news delivery rounds, 4 evening and 5 Sunday rounds.

Scope to Improve
1. Advertising and marketing campaign, perhaps a leaflet drop locally
2. Maximise the use of social media
3. Extend the opening hours
4. Introduce a parcel collection scheme
5. Consider stocking flowers and bedding plants, lots of older residents locally who would find this useful
6. Introduce a delivery service for less able customers.

Reasons to Buy
1. A well-established business with an enviable reputation and and many existing customers
2. Little or no competition locally
3. Includes generous living accommodation
4. Current owner happy to offer a handover to ensure the continued success
5. Ideal owner managed or husband and wife business.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
S&F News is located in Kingswinford in the West Midlands.

Kingswinford is a suburban area of the Metropolitan Borough of Dudley in the West Midlands. Despite its roots as a small village, Kingswinford is now better described as a dormitory town to Dudley as it does contain a large number of commuting communities, small industrial businesses and several schools.

The location is considered by local residents to be a good place to live and work. In 2005 work began on a project which is expected to bring around 20,000 new homes to the area, in order to create enough supply to accommodate the high demand for properties in and around Kingswinford which is now one of the most favoured localities in the Black Country.

S&F News is ideally situated in a stand-alone and unopposed position in a densely populated residential area with a mix of housing types but predominantly terraced, semi detached and detached most of which are privately owned and thus benefits from loads of regular custom along with footfall and passing trade.

The business is really nicely presented and maintained with clear visible signage and free off-road parking to the front and side along with further on street parking in the surrounding streets.

Premises
The business occupies a detached brick-built building and briefly comprises;

Shop
• Deceptively spacious and cleverly designed to maximise the space available.
• Windows to front and rear creating a light airy interior.
• Tiled floor, fluorescent lighting, perimeter shelving, central shelving gondola.
• 2 Long drink chillers, glass fronted dairy chiller, glass topped food freezer, glass topped ice cream freezer.
• Newspaper and magazine racking, greeting card display with drawers beneath, freestanding sweet display with hooks for bagged sweets.
• CCTV system, long counter with till, Card Machine, Payzone and Lotto terminal and generous wrapping area, cigarette gantry behind with spirit shelving.

Stockroom
With perimeter shelving and floor storage space.

Rear Passage
There is a rear passage which runs the width of the shop and provides additional storage space and access, via stairs to the living accommodation.

First Floor

Lounge
Generous lounge, dual aspect with windows to front and side, feature fireplace and TV point

Kitchen
Nicely fitted, modern kitchen with a range of wall and base units with complimentary worktop, space for cooker with extractor fan, window to side, wall mounted boiler.

Family Bathroom
White sanitary ware, vanity unit with porcelain sink, window to rear.

Bedroom 1
Good size double with window to front, TV point and radiator.

Bedroom 2
A further double with window to side.

Externally
There is a generous patio garden, fenced to three sides and a real ‘suntrap’ in the warmer months.

Garage
There is a double length brick-built garage with door to the front.

Storeroom
To the rear of the garage is a useful storeroom with perimeter shelving, floor storage space and access to the roof space.

Tenure
We are advised that S & F News is being sold as a Freehold business opportunity.

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

Hours
Monday to Saturday 6.00am-8.00pm
Sunday 6.00am-4.00pm

Staff
The business is run and managed with the help of one full time member of staff.

Financial Profile
S&F News generates an advised current turnover of circa £572,000 per annum.

Tenure: Freehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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