Mailbox Estates is thrilled to introduce an unchallenged supermarket/convenience store for sale in Sutton Coldfield.
This presents an outstanding opportunity to acquire a generously sized site with significant development potential and a thriving retail business, offering room for growth.
The store is impeccably presented, providing customers with a pleasant shopping experience through well-organized shelving and a standalone sales counter featuring two checkout points, in addition to a Post Office Counter.
Benefiting from a comprehensive refurbishment, the store boasts a high corporate standard fit-out and operates under a symbol group.
Reason for Sale:
After successfully managing the store for over a decade, our client regrettably must part with this treasure due to other business commitments
The Opportunity:
*Under consistent ownership for over a decade
*Ideal for owner management or family-run operations
*Prime trading location
*Includes a Post Office
*Spans a sales area of approximately 2,800 Sq. ft
*Achieves an average gross margin of 23%
Location:
*Situated amidst prominent high street retailers along the main parade of the high street, the store enjoys a prime position. It is conveniently positioned on a bustling main road, served by multiple bus routes. Additionally, it benefits from close proximity to a train station within walking distance, offering connectivity to key destinations such as Birmingham city center and Lichfield
*Adjacent to a variety of essential amenities, the store is surrounded by a pharmacy, hairdressers, a popular takeaway restaurant, and other supermarkets, rendering it a vibrant hub for shoppers
Turnover:
*As per information provided by our client, average counter sales amount to £20,000 per week (Approximately 23% Margin), showcasing substantial potential for further growth. This can be achieved through expanding the product range or implementing a delivery service.
The post office remuneration amounts to approximately £2,000 per month, providing limited services (one counter). However, there is potential to increase earnings by expanding the range of services offered
Trading Hours:
*Monday - Sunday: 8:30am - 10:00pm
*The store boasts highly convenient trading hours and holds a license permitting operations until late hours
Post Office Hours:
Monday - Sunday 9:00am - 9:00pm
Staff:
* The business is staff run with Three Full time and Six part time member of staff.
Tenure:
* The site is offered by way of the assignment of the existing lease with 7 years left and is renewable.
Internal.
* Ground floor - Shop sales area of approximately 2,800 Sq. ft.
* Two position counter
* Large Stock room with Forklift
* Staff WC
* Staff Kitchen
* Multi Channel Large Screen CCTV
* Large Private conference room / office
* Loading / unloading to the rear
Rent:
* The rent per annum is £27,000 + VAT.
External:
* On street customer parking to the front / rear.
* Delivery access to the side of the store which direct access to the stock room.
Ground floor shop plan:
* The shop floor of the premises boasts a large retail sales area with an impressive 260 sq. metres. (2,800 Sq. ft.). and is offered in good condition.
Fixtures and Fittings:
* The business is well-fitted throughout and a valuable inventory of equipment will be included in the sale.
Regulatory:
* Premises licence
* Post Masters licence
Legal costs:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlords fees are the buyers responsibility
Trading Information:
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.
Viewing arrangements:
* Mailbox Estates highly advise early viewing to avoid disappointment.
* Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF THE STAFF.
Business Rates:
* Purchasers should enquire with relevant local authorities to confirm the rates payable.
Deposits:
* Successful applicants will be required to pay a non-refundable deposit.
