Business Hilton Smythe welcomes to the market Tiwana Store. This extremely popular and highly profitable convenience store sits in the heart of this vibrant community and is very well supported by the local residents seeing much repeat trade.
The business was established in 1983 with our clients successfully running the business since inception in 1990. Tiwana Store trades under the well-known Lifestyle brand and opens 7 days a week. The store is very well stocked and clearly laid out. Revenue is generated through the sale of a wide range of convenience items alcohol sales, lotto scratch cards, greeting cards and counter newspaper sales.
Although yielding a phenomenal turnover with the benefit of very little competition in the area, we believe there is still the scope to further profit. Perhaps, introduce newspaper delivery rounds in the area or initiate lotto sales, Paypoint and Payzone to generate additional income. Tiwana Store has recently been awarded a 5 star hygiene rating.
This is a fantastic walk in trading opportunity which genuinely comes to the market as our client looks towards a career change.
Location Tiwana Store sits within a large residential estate on the outskirts of Dudley town centre in the West Midlands.
The business benefits from ample street parking in the vicinity and bus stop nearby. Two of the local schools are also within walking distance providing ample footfall in the area.
The business is easily located just off the arterial A461, a busy commuter road into Dudley town centre.
Ramped access and clear signage with security shutters across frontage and 4 camera cctv system.
Open plan retail sales area, Lifestyle branded, shelving and racking to perimeter walls to suit trade, double freezer, 3 x double chillers, second double freezer, 2 aisles, card display area and counter servery with scratch card display unit and tobacco gantry behind.
To the side is a large store area, kitchen and toilet facilities.
There is ample street parking in the vicinity.
Tenure We are advised leasehold.
The lease is on a rolling lease arrangement at £125 per week.
Hours The business opens:-
Monday to Sunday 9.30am - 10.00pm
Staff The business is owner run and managed.
Financial Profile The business reports a healthy turnover of £5600 per week with reported gross profit at 25%.
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