Business Hilton Smythe are pleased to have been given the opportunity to manage the sale of Lifestyle Express (formerly Dhruv News) which is a well-established business with a renowned reputation amongst residents. This is a superb opportunity to take on a busy and popular local business in an area teeming with customers.
There has been a Newsagents / Convenience Store at this site for over 50 years and the current owner has run it successfully and lucratively for the last 3 years or so. The business has flourished under his ownership and much money has been invested into the shop (£25,000 refit recently) making it arguably one of the nicest convenience stores in the area.
This great little business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to pursue a change in direction. He is keen to see his well-loved business pass to an ambitious and entrepreneurial new owner who can take this already thriving business to the next level.
Lifestyle Express is a well-established and well stocked business which really is the heart of the local community. The business has an impressive number of regular customers, many of whom use the business on a daily basis and are known on a first name basis by the current owners who are popular and well respected locally.
The business sells a varied range of products including;
• Newspapers and Magazines • Tobacco and vaping products • Confectionery • Hot and cold drinks • Beer, Cider, wines and spirits • Ice creams • Bread and cakes • Dairy products such as milk cheese and butter • Crisps and snacks • General groceries • Frozen foods • Household cleaning products • Greeting cards and wrapping paper
Additionally, the business has a Paypoint terminal with takings of approximately £5000 per week, a Lotto terminal with takings of circa £1200 per week and a weekly news bill of roughly £350.
Reasons to Buy
1. A well-established business with an enviable reputation and many existing customers 2. Beautifully presented and much money has been spent making this a real Turnkey business 3. Ideal owner managed or husband and wife business 4. Ideal trading position on a busy main road and free parking nearby 5. Minimal running costs with inexpensive rent and no business rates 6. Current owner happy to offer a handover to ensure the continued success
Hilton Smythe highly advise early viewing to avoid disappointment. This great little business is likely to attract considerable interest.
Location Lifestyle Express (formerly Dhruv News) is Located in Walsall in the West Midlands.
Walsall is an industrial town in the West Midlands. It is located 8 miles north-west of the city of Birmingham and 6 miles east of the city of Wolverhampton. Historically a part of Staffordshire, Walsall is a component part of the West Midlands Conurbation. At the 2011 census the towns built up Area had a population of 67,594 with the wider borough having a population of 269,323.
Walsall is extremely well connected within the UK road network as it is served by the M6 which connects the M1 motorway towards London. There are three nearby junctions which serve Walsall on the M6 motorway, junctions 7,9 and 10. The stretch between these junctions is one of the busiest in Europe. The town is also served by the A34 road which connects Manchester and the M42 motorway towards London and is connected regionally by the A454 Black Country Route.
Lifestyle Expresss is prominently located in a corner position on a busy main road close to Walsall College which is the largest provider of qualifications for 14-19-year olds in the Borough of Walsall and thus benefits from high levels of footfall and passing trade.
Lifestyle Express sits alongside other complimentary retail businesses and is beautifully presented and maintained with clear visible signage and the distinctive Lifestyle Express livery.
There is free on street parking close by.
Premises The business occupies the ground floor of an end terraced Victorian building and briefly comprises;
Corner entry door opening into a deceptively spacious shop on two levels that has been cleverly designed to maximise the space available.
Immaculately presented having been refurbished quite recently at considerable cost to the current owner.
• Vinyl non-slip flooring • Suspended ceiling with concealed LED lighting • Perimeter shelving • Central shelving gondola • Bespoke counter with confectionery racking to front • Generous wrapping area • atm machine • Spirit shelving • Cigarette gantry behind • Long open drinks and snacks chiller • Glass fronted drinks chiller • Glass topped food freezer • Perspex newspaper racking • Greeting card racking • Hanging section for bagged sweets
To the side of the store is an office with high ceiling and Perimeter shelving
Generous stockroom with Concrete flooring, perimeter shelving and floor storage space.
Long stockroom with tiled floor and fluorescent lighting, perimeter shelving and CCTV monitor
With a range of base and wall units and space for fridge and microwave etc
There is a useful and generous bathroom with bath, close coupled toilet and pedestal wash basin.
To the lower ground floor and accessed by stairs from Stockroom 1 is a useful cellar with power and light and currently used for storage.
To the rear of the shop is a secure yard which is partially covered and enables deliveries to be taken in via the rear alley rather than having to be taken through the shop.
The business is secured by security shutters, a Verisure monitored alarm system and an 18 camera CCTV system.
Tenure We are advised that Lifestyle Express is being sold as a Leasehold business opportunity.
The existing 11-year lease has approximately 8 years remaining, and the rent is £9500 per annum which is reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.
Hours Monday to Saturday 6am till 9pm Sunday 7am till 7pm
Staff The business is run and managed by our client with the help of 2 full time and 2 part time members of staff.
Financial Profile Lifestyle Express formerly Dhruv News generates an advised current turnover of circa £572,000 per annum.
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