Hilton Smythe welcomes to the market Hillwood Wines.
There has been a similar business at these premises for nearly 40 years and the current owner has run it successfully and lucratively for the last seven months or so. The business is being sold albeit very reluctantly, so the owner can relocate to Liverpool where he is buying a larger similar business.
Hillwood Wines is a popular community shop and Off Licence selling;
Beers, Ciders, wines and Spirits
Crisps and snacks
Bread, milk and dairy products.
The business has lots of regular customers who use the business on a daily basis, many of them known on a first name basis by the current owner who is a well-liked and respected member of the community. The business enjoys good footfall and further benefits from passing trade.
The business was having a Paypoint till and terminal installed at the time of instruction which is likely to increase footfall and spending considerably.
Scope to Improve
Advertising and marketing campaign, perhaps a leaflet drop around the local housing estates.
Maximise the use of social media particularly Facebook and Twitter
Extend the shop… there is a large unused warehouse behind the main shop which is ripe for conversion
Extend the openings hours perhaps opening earlier in the mornings
Explore the feasibility of installing a Lotto terminal
Offer a parcel collection service
Look at becoming an agent for dry cleaning etc
Hilton Smythe highly advise early viewing to avoid disappointment.
Hillwood Wines is Located in Northfield, Birmingham in the West Midlands
Northfield is a residential area in the outskirts of metropolitan Birmingham and near the border with Worcestershire. It is also a council constituency managed by its own district committee. The constituency includes the wards of Kings Norton, Longbridge, Wesley Castle, West Heath and Turves Green. Northfield stands on either side of the main A38 heading south from the centre of Birmingham to Bromsgrove and onwards all the way to Cornwall
Hillwood Wines occupies a prominent position at the start of a busy Shopping parade and is nicely presented and maintained with clear visible signage. There is free on street parking immediately outside the premises.
The business is situated in an end terraced position meaning that anyone visiting the shopping parade has to pass by the shop, there is also a cash point machine installed in the shopfront which drives customers to the business.
The business occupies the ground floor and briefly comprises;
Windows and glazed door to front creating a light and airy interior, suspended ceiling with concealed lighting and feature ceiling fan, wood effect vinyl flooring, cleverly designed to maximise the space available with perimeter shelving, wines shelving, open drinks chiller, double glass fronted drinks chiller, bespoke counter with till and generous wrapping area and cigarette gantry behind.
To the rear of the shop is a generous storeroom which is probably three times the size of the shop and offers development potential
With toilet and hand wash basin.Tenure
We are advised that Hillwood Wines is being sold as a leasehold business opportunity, the current lease has nine years remaining and the rent is a reasonable £7800 per annum. We are further advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
Business rates of approximately £1200 per annum were payable at the time of instructionHours
Monday to Thursday 12-9
Friday and Saturday 12-10
The business is run and managed by our client and her husband.Financial Profile
Hillwood Wines generates an advised turnover of circa £182,000 but this is likely to increase with the recent installation of PayZone