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8950B BIRMINGHAM LEASEHOLD: £109,000 OFF LICENCE/CONVENIENCE STORE

Asking Price: GBP 109000
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Business Location: United Kingdom » Birmingham » BIRMINGHAM 
Category: Retail » Convenience Stores
Description:
Advent Business Sales is delighted to have
been instructed to offer to the market this
extremely popular and profitable
convenience store with excellent future
potential.
Founded over 40 years ago, the shop has
been in the proud ownership of our client for
the last 4 years and is only now being
reluctantly offered for sale as he plans to
emigrate to join his family overseas.
Our client has extended and improved the
shop with modern fixtures and fittings
throughout and is decorated to a high
standard.
The business retails all the usual traditional
lines including:
• Cigarettes, cigars and tobacco
• Confectionery, crisps and frozen
foods
• Soft drinks
• Chilled foods and sandwiches
• Ice cream
• Milk and bread
• Fresh fruit and veg
• Beers, wines and spirits
• Hardware
• Newspapers
• Cards and gift wrap
• General house hold products
The shop also has a good DVD rental
business on a split fee basis of 70/30 per film
and has both western union and
payzone/paypoint facilities, which average
£100 per week on commissions.
Our client works full time in the shop and
also employs one full time employee.
We are advised that stock at cost is
approximately £40,000.
REF: 8950B
Financial Information:  
Annual gross sales: (GBP) 324000
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2004
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: 01FT
No of trading hours: Mon-Sat: 2pm – 10pm Sun: 3pm – 10pm
Reasons for selling:
emigrate to join his family overseas.
Market competition and expansion:
Our client runs his business to suit his personal lifestyle and is content with the results achieved but is also aware that there are many avenues where sales and profits could be increased such as: 1. Opening more hours. The shop does not open until 2pm and so misses all the morning trade 2. Have a cash machine installed, there are non nearby 3. Offer evening deliveries to the university campus but with a minimum order value 4. The shop could be rebranded in associated with a larger convenience store group 5. Offer hot drinks and baguettes to the morning trade going to and from the nearby railway station 6. Selling magazines and well as newspapers
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