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Property Listing Details

Retail premises for sale

Malt Mill Lane, Halesowen B62

  • Business for sale

£16,000

Property details

Listing view statistics

Last 30 days: 40 page views

Since listed: 181 page views

Description

Business
Hilton Smythe welcomes to the market tj Stores.

There has been a Newsagents come grocery store on this site since the 1950’s and the current owner has run it successfully for the last twelve months or so. The business is now being sold albeit reluctantly and with a heavy heart only due to personal circumstances. The current owner has made many improvements in the short time that he has owned this lovely little business and he is keen to see it passed to an ambitious and entrepreneurial new owner who can take it to the next level.

The business sells: Newspapers and magazines, tobacco products, bread milk and dairy products, confectionery, crisps and snacks, sandwiches, cold drinks and general groceries

Additionally, the business has a Payzone terminal averaging sales of approximately £400 per week and a Lotto terminal which has sales of circa £550 per week. The weekly news bill averages £325.

The business is at the heart of the local community and has lots of regular customers many of whom are known on a first name basis by the current owner.

Scope to Improve
1.Advertising and marketing campaign
2.Maximise the use of social media
3.Apply for an alcohol licence and open as an Off Licence, this would see takings increase significantly and there is real demand in the area
4.Extend the opening hours
5.Reintroduce newspaper delivery rounds, lots of older residents in the area who like this service.
6.Review the range of products stocked and perhaps introduce fruit and veg and pet foods.

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
tj Stores is located in Halesowen in the West Midlands.

Halesowen is a town in the Metropolitan Borough of Dudley in the West Midlands. Historically in Worcestershire, the town is around 8 miles from Birmingham City Centre and 6 miles from Dudley town centre.

Transport in the town is overseen by Transport for West Midlands and it is served by a comprehensive bus network and is on the Hagley Road Bus Corridor from Birmingham to Stourbridge. Halesowen Bus Station is located on Queensway next to the asda supermarket.

Tj Stores is ideally situated in a stand-alone position in an area which is both densely populated residential housing alongside industrial premises and as such benefits from high levels of foot fall and passing trade.

The business is nicely presented and maintained with clear visible signage and there is free on street parking immediately outside the premises and further down the road.

Premises
The business occupies the ground floor of a former Victorian Villa and briefly comprises;

Shop

•Windows and glazed door to front creating a light airy interior
•Tiled floor,
•Suspended ceiling
•Perimeter shelving and central shelving gondola
•Glass topped ice cream freezer with sliding lid
•Freestanding metal display unit with hooks for bagged items
•Greeting card racking with drawers beneath
•Perspex newspaper stand
•Generous run of magazine racking
•Semi-circular soft drink display
•Metal basket type display for crisps and snacks
•Double glass fronted dairy chiller
•Double glass fronted soft drinks chiller
•Bespoke sales counter with crisp display beneath
•Lotto terminal and scratch card dispenser
•Chewing gum dispenser
•Cigarette gantry behind counter.

The shop is well stocked and cleverly designed to maximise the space available.

Stockroom / Office

To the rear is a stock Room come office with:
•A range of base units with drawers
•Sink and drainer
•Space for fridge
•Microwave and kettle
•Fluorescent lighting
•Perimeter shelving
•Floor storage space

Tenure
We are advised that tj Stores is being sold as a leasehold business opportunity.

The existing lease expires in June 2020 and the rent is a very reasonable £5200 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 and none were payable at the time of instruction.

Hours
Monday to Saturday 6am - 6pm
Sunday 7am - 2pm

Staff
The business is run and managed by our client with the help of his partner.

Financial Profile
tj Stores generates an advised current turnover of circa £83,000 per annum but it needs to be stressed that the business is currently being run at a pace to suit.

Map & Nearby

Local Amenities

  • Rowley Regis 0.6 miles
  • Old Hill 0.8 miles
  • Olive Hill Primary Academy 0.3 miles
  • Highfields Primary School 0.3 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Rowley Regis 0.6 miles
  • Old Hill 0.8 miles
  • Olive Hill Primary Academy 0.3 miles
  • Highfields Primary School 0.3 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Hilton Smythe Commercial. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information.