Convenience Stores for sale in Birmingham

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Well Established Convenience Store

Birmingham, West Midlands, England

  • Leasehold Price: £99,950  Price Reduced arrow_drop_down
  • Turnover: £422,218
Seller Reference: B05626
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05626
Request Details
Business Description
Business
Please quote reference B05626

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Lifestyle 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.

Lifestyle Express was founded by the current owner in 2018 and the business has been a real labour of love for him accruing many regular customers and a burgeoning reputation. The business is now being sold, albeit reluctantly and with a heavy heart only due to a wish to concentrate on other business interests.

The vendor is keen to see his beloved convenience store pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Lifestyle Express stocks an impressive range of products including;


  • Tobacco and vaping products

  • Beers, wines and spirits

  • Soft drinks

  • Confectionery

  • Newspapers and magazines

  • Crisps and snacks

  • Household products

  • General groceries

  • Bread and cakes

  • Dairy products


Additionally, the business has a Pay Point terminal (£2500 per week) and a weekly news bill of approximately £60. The business is just in the process of applying for a Lotto terminal.

Reasons to Buy


  • A well-established business with an enviable reputation and many regular customers

  • Perfect trading position with free parking

  • Little or no competition locally

  • All fixtures and fittings included making this a real ‘Turnkey’ business opportunity

  • Ideal owner managed or partnership business

  • Current owner happy to offer a handover to ensure the continued success

  • Low running costs with inexpensive rent and no business rates.


Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Lifestyle Express is in the Erdington area of Birmingham.

Erdington is a suburb and ward of Birmingham that is historically part of Warwickshire. It is 5 miles northeast of central Birmingham and borders Sutton Coldfield.

Lifestyle Express is situated in a standalone position in the centre of an area of densely populated residential housing which comprises a mix of property types including owner occupied, private rented and local authority housing.

The business is beautifully presented and maintained with clear visible signage and the distinctive Lifestyle Express branding. There is free off-street parking immediately outside the premises.

Premises
Lifestyle Express occupies a single storey detached building, is beautifully presented and fastidiously maintained and briefly comprises:

Shop

Windows and glazed door to front creating a light, airy and inviting interior, expensive looking tiled floor, suspended ceiling with concealed led lighting, bespoke counter with generous wrapping area and cigarette gantry behind, twin Slush machine, EPOS till system, perimeter shelving, central shelving gondola, long open drinks chiller, long open dairy chiller, glass topped ice cream freezer, hanging sweet display, newspaper and magazine racking.

Externally

There is a secure yard to the side of the business with a detached steel storage unit.

The premises are secured by a 12 camera CCTV system with smartphone connectivity and an ADT Redcare monitored alarm system.

Premises are circa 49sqm.

Tenure
We are advised that Lifestyle Express is being sold as a leasehold business opportunity.

The existing lease is arranged on a monthly rolling basis and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £12,000 per annum which is reasonable given the size and location of the premises.

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

Hours
Monday to Saturday 07.00 – 22.00

Sunday 08.00 – 22.00

Staff
The business is run and managed by our client with the help of 2 full time and 1 part time members of staff.

Financial Profile
Lifestyle Express generates an advised current turnover of £422,218 for the year 2019

Please quote reference B05626

Tenure:
Leasehold
Listed by:
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