Greengrocers for sale in Walsall

View the "Delves Convenience Store Walsall WS5 4NS" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Y. MacGregor (Nov 2017)
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Leasehold Price: £79,999 Turnover: £442,000
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Business Description
Business
Hilton Smythe welcomes to the market Delves Convenience Store.

There has been a Newsagents cum Convenience Store at this site since the 1960’s and the current owner has owned it for the last 3 years or so.
The business is now being sold albeit reluctantly only so that the owner can concentrate on other business interests that will leave him more time to spend with his young family.

This busy little convenience store sells;
• Newspapers and Magazines
• Tobacco and vaping products
• Confectionery
• Crisps and snacks
• Bread, milk and dairy products
• General groceries
• Beers, wines and spirits
• Frozen food
• Ice creams.

Additionally, the business has a PayPoint terminal which takes approximately £4,500 per week and a Lotto terminal which takes approximately £1,200 per week. The News Bill is roughly £400 per week and the business has a morning and evening news-round. The business is also an agent for Amazons fast growing ‘Pass my Parcel’ service.

The business has an impressively high number of regular customers and enjoys great visibility on the internet.

Scope to Improve
1. Advertising and marketing campaign, perhaps a leaflet drop locally
2. Maximise the use of social media
3. Website to extol the products and services offered
4. Extend the opening hours
5. Explore the possibility of removing the bollards at the front of the store to allow more parking.
6. Introduce fresh fruit and veg or flowers and plants.

Reasons to buy
1. Ideal owner managed or husband and wife business
2. Offers a real opportunity to increase turnover significantly, current owner has been running at a pace to suit
3. Little competition locally
4. Prime trading position on the busy West Bromwich Road.
5. Low running costs with inexpensive rent and no business rates.
6. Priced to facilitate a quick sale

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

Location
Delves Convenience Store is located in Walsall in the West Midlands.

Walsall is an industrial town in the West Midlands. It is located 8 miles north-west of Birmingham and 6 miles east of Wolverhampton. At the 2011 census the towns built up area had a population of 67,594 with the wider borough having a population of 269,323.

Walsall’s location in Central England and the fact that the M6 runs though the borough has increased its investment appeal. The main RAC is located in Walsall close to Junction 9 of the M6. Between Bloxwich and Walsall there is a business corridor where TK Maxx has recently opened a regional depot. Currently established businesses include Homeserve plc and South Staffordshire Water.

Walsall is extremely well connected within the UK road network as it is served by the M6 which connects to the M1 motorway towards London and M74 motorway toward Glasgow. There are three nearby junctions which serve Walsall on the M6 motorway, J7, J9 and J10. The stretch between these three junctions is one of the busiest in Europe. The town is also served by the A34 road which connects Manchester and the M42 motorway towards London, and is connected regionally by the A454 Black Country Route.

Delves Convenience Store is ideally and prominently situated in a main road position and is nicely presented and maintained with clear visible signage. There is free on street parking close to the premises. The business sits alongside other complimentary retail businesses such as a hairdressing salon.

Premises
The business occupies the ground floor of an end terraced building and briefly comprises;

Shop
Windows and glazed door to front creating a light airy interior. Generous store which has been cleverly designed to maximise the space available, tiled floor, perimeter shelving, two central shelving gondolas, greeting card racking, revolving carousel for the display of small toys, glass topped ice cream freezer, glass topped food freezer, crisps and snack racking, ATM machine, two double glass fronted drinks chillers, open dairy chiller, beers and wines chiller, long counter with till, Lotto and PayPoint terminals and generous wrapping area, cigarette gantry behind and spirits shelving. The business is secured by a monitored ADT Redcare alarm system and there is a 6 camera CCTV system.

Stockroom 1
Generous stockroom with fluorescent lighting and plenty of floor storage space.

Stockroom 2
A further generous stockroom with perimeter shelving and floor storage space.

WC
There is a staff toilet with hand wash basin.

Externally
There is a secure yard to the rear of the premises.

Tenure
We are advised that Delves Convenience Store is being sold as a leasehold business opportunity, the existing 6 year lease has approximately 3 years remaining and the rent is a very reasonable £12,000 Per Annum. We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

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

Hours
Monday to Saturday 7.00am – 8.00pm

Sunday 7.00am – 3.00pm

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

Financial Profile
Delves Convenience Store generates an advised current turnover of approximately £442,000 but it needs to be stressed that the business is being run at a pace to suit currently and has enjoyed much higher turnover previously.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04230
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