Hilton Smythe are pleased to have been given the opportunity to manage the sale of Bains Convenience Store which is a well-established business 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 similar type of business at these premises since the early 1900’s and the current owners have run it successfully and lucratively for the last 5 years or so during which time it has thrived and become an important part of the local community. The business is now being sold, only due to the owners wish to enjoy a well-earned retirement.
The vendors are keen to see their beloved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Bains Convenience Store has an impressive number of regular customers many of whom use the business on a daily basis and the business enjoys great visibility on the internet.
Bains Convenience Store is a busy Convenience store that is extremely well stocked with a comprehensive range of products including;
- Tobacco and vaping products
- Beers, wines and spirits
- Fruit and vegetables
- Children’s toys
- Greeting cards and wrapping paper
- Pet foods
- Milk, eggs and dairy
- Sandwiches and takeaway food
- Crisps and snacks
- Household goods
- General groceries
- Ice creams
Additionally, the business has a Payzone terminal with weekly sales of between £600-£700 and Lotto sales of £500-£600 per week.
Scope to improve
Advertising and marketing campaign
Maximise the use of social media particularly Facebook and Twitter
Website to extol products and services offered
Reintroduce Newspapers and Magazines
Offer a delivery service
Improve exterior signage
Reasons to Buy
A well-established business with an enviable reputation and many existing customers
All fixtures and fittings included making this a real Turnkey business opportunity
Current owners happy to offer a handover to ensure the continued success
A real opportunity to increase turnover, current owners are running at a pace to suit
Ideal owner managed or partnership business
Hilton Smythe highly advise early viewing to avoid disappointment
This great little business is likely to attract considerable interestLocation
Bains Convenience Store is located in Willenhall in the West Midlands
Willenhall is a market town situated in the Metropolitan Borough of Walsall in the West Midlands with a population taken at the 2011 census of 28,480. It is situated between Wolverhampton and Walsall, historically in the county of Staffordshire. It lies upon the River Tame and is part of the Black Country.
Much of the town centre is a designated conservation area and a £2.1 million bid for the Heritage Lottery funding is being prepared to fund enhancements to local buildings so within the next few years Willenhall Town Centre is Set to undergo some regeneration.
Willenhall is well served by buses. The town centre lies on the 529 Bus route, which links Walsall and Wolverhampton running every 10 minutes on average during weekdays. Other local bus routes link the town to Ashmore Park, Wednesfield, Wednesbury, Darlaston, Bilston and Bloxwich.
Most of these bus routes are operated by National Express West Midlands, which operates over 80% of the bus network in the West Midlands conurbation. Some services are also operated by Choice Travel and Diamond Bus.
Willenhall is about 10 minutes’ drive away from Junction 10 of the am6. Many main roads run through the area including the Keyway and the A454, The Black Country Route.
Bains Convenience Store is ideally positioned in a prominent corner position. The business is well presented and maintained with clear visible signage. There is free parking for a number of cars to the front of the premises along with free on street parking in the surrounding streets and roads.Premises
Bains Convenience Store occupies the ground floor of a generous, detached retail unit and briefly comprises:
Windows and glazed, double doors to front creating a light airy and inviting interior, suspended ceiling with concealed lighting, slate effect floor, cleverly designed to maximise the space available with long bespoke counter with till and generous wrapping area, cigarette gantry and spirit shelving behind, confectionery shelving, greeting card racking, perimeter shelving, central shelving gondolas, long open drinks chiller , hanging space for bagged goods, Lotto stand.
There are 3 generous stock rooms with perimeter shelving and floor storage space
With close coupled toilet and handwash basin
With stainless steel sink and drainer, run of worktop and space for fridge and microwave etc.
The premises are secured by a monitored alarm system and an 8 camera CCTV system with smartphone connectivity.Tenure
We are advised that Bains Convenience Store is being sold as a leasehold business opportunity. The existing lease has approximately 9 years remaining, but we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The rent is £13,728 per annum which is really reasonable given the size and location of the premises.
We are advised that the business rates payable are approximately £2000 per annum (to be confirmed).Hours
Monday to Sunday 9am-10pmStaff
The business is run and managed by our two clients with the help of 2 part time members of staff.Financial Profile
Bains Convenience Store generates an advised current turnover of circa £442,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit and has enjoyed higher turnover previously.