Convenience Stores for sale in Kingswinford

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £79,999 Turnover: £364,000
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Business Description
Hilton Smythe welcomes to the market, Bromley Local.

Bromley Local is a well-established convenience store. There has been a similar type of business at this site since the early 1960’s however eight years ago the business premises doubled in size when the shop next door was incorporated.

The current owner has owned the business for the last year or so and is selling albeit reluctantly only because of poor health and the resulting need to relocate. He is keen to see the business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.

Bromley Local has an impressive number of regular customers many of whom are known on a first name basis by the current owner who is a well liked and respected member of the local community and sells;
• Newspapers and Magazines
• Tobacco and vaping products
• Confectionery
• Frozen food
• Greeting cards
• Chilled and dairy products
• Beers, wines and spirits
• Crisps and snacks
• General groceries
• Pet foods
• Takeaway curries and Indian food
• Soft drinks
• Bread and cakes.

Additionally, the business has a Paypoint terminal which takes between £3,500-£4,000 per week, a Lotto terminal which takes approximately £600 per week and a news bill of roughly £250 per week. The business also operates a Hermes parcel service which is popular with local residents.

Scope to Improve
1. Advertising and marketing campaign, perhaps a leaflet drop locally.
2. Maximise the use of social media particularly Facebook and Twitter.
3. Website to extol products and services offered ideally with an online ordering facility for the takeaway food.
4. Investigate Just Eat and Hungry House.
5. Extend the opening hours.
6. Introduce a Post Office counter, the business has previously been approached by the Post Office offering this.
7. Consider converting part of store into a pharmacy, lots of older residents locally who would find this really useful.
8. Stock a range of flowers, bedding plants and gardening products. Again, the older residents would find this of benefit.
9. Offer a delivery service locally.
10. Introduce a larger range of pet foods and products.
11. The business has a particularly impressive frontage that is currently unused. There is room for approximately 33 cars so could maybe be let to a car sales business or similar.

Reasons to Buy
1. Perfect trading position on a busy main road with a large frontage.
2. A well-established business with an enviable reputation and many existing customers.
3. A real opportunity to increase turnover significantly, the current owner has been running at a pace to suit due to health issues.
4. Current owner happy to offer a handover to ensure the continued success.
5. Much money has been spent by a former owner to upgrade and renovate the premises making this a real Turnkey business opportunity.
6. Ideal owner managed or husband and wife business.

Hilton Smythe highly advise early viewing to avoid disappointment. This business is likely to attract considerable interest.

Bromley Local 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. It has a large number of commuting communities, small industrial businesses and several schools.

The town 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.

Bromley Local is situated in a main road position in the middle of a large residential housing estate which has a variety of properties ranging from flats to detached houses which are both rented and privately owned.

Located in its brilliant position, Bromley Local benefits from good levels of footfall and passing trade. The business is nicely presented and maintained and has a particularly impressive frontage which is clearly signed with distinctive livery. There is loads of free parking immediately outside the premises with further free on street parking nearby.

Bromley Local occupies the ground floor of a generous retail unit which was formerly two shops and briefly comprises;

Really long and impressive frontage secured by electric security shutters, windows and electric glazed door to front creating a light, airy and inviting interior.
A generous sized shop which has been cleverly designed to maximise the space available, tiled floor, suspended ceiling with concealed lighting.

Long bespoke counter with marble effect worktop and lower areas for less abled customers, till, card machine, Paypoint and Lotto terminals, generous wrapping area.

Scratch card dispenser, coffee machine, photocopier, microwave for customer use, cigarette gantry behind.

Perimeter shelving and 5 central shelving gondolas, newspaper and magazine racking, greeting card display, hanging section for household goods, ATM.

Glass topped ice cream freezer, glass topped food freezer x2, generous run of glass fronted, upright freezers, long dairy and drinks chiller, dump baskets for special offers, crisp racking, long drinks chiller, freestanding metal stand for hanging bags of sweets.

Food area with glass fronted serve over counter, perimeter shelving and menu boards. The business is secured by a 16 camera CCTV system, an up to date fire system and a monitored alarm.

Stockroom / Kitchen
Good sized stockroom cum kitchen, tiled floor, stainless steel sink and drainer with double cupboard beneath, separate stainless-steel hand wash basin, kitchen area with Flavel freestanding cooking with four electric rings and oven beneath, extractor fan, stainless steel preparation tables, Beto fridge freezer, microwave oven, Dexion type shelving.

Generous office with large key operated safe, wood effect flooring, space for desk, chair and filing cabinets etc.

We are advised that Bromley Local is being sold as a leasehold business opportunity.

The existing lease has approximately 14 years remaining, and we are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner. The rent is £14,784 per annum which is extremely reasonable given the size of the premises.

We are advised that the business rates payable are approximately £7,300 per annum.

Monday to Saturday 7.00am-10.00pm
Sunday 8.00am-9.00pm

The business is run and managed by our client with the help of two part time members of staff.

Financial Profile
Bromley Local generates an advised current turnover of circa £364,000 per annum but it needs to be stressed that the business has enjoyed much higher turnover previously (£624,000) but is currently being run at a pace to suit due to health issues.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

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