£30,000

Retail premises for sale

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Business

£30,000

Retail premises for sale

Coventry, England, United Kingdom CV3

Local area information

Property location

Nearby amenities

  • Finham Primary School 0.3 miles
  • Grange Farm Primary School 0.6 miles
  • Coventry 1.8 miles
  • Canley 2.2 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Business
Please quote reference B08457

Cogogo welcomes to the market a thriving convenience store for sale in a prime location within Coventry.

If you're looking for an exciting opportunity to own a well-established convenience store in Coventry, this is your chance! Situated in a bustling location, this business is ideal for a driven entrepreneur looking to step into a successful venture with ample potential for growth.

Business Highlights:


  • Prime Location: Strategically located in Coventry, attracting steady footfall from local residents and passersby.
  • Proven Track Record: Owned since July 2024, this store has built a loyal customer base and consistent income stream.
  • Affordable Lease Terms: A 5-year lease with a highly supportive landlord who is open to extending the term. Rent is just £900 per month.
  • Simple Operation: Managed by a single staff member (employed via paye), making it easy to run and maintain.
  • Impressive Assets: Includes fixtures and fittings worth approximately £7,000.

Scope for Improvement: This business already generates a strong annual turnover of £108,000, but there’s plenty of room to grow:

  • Alcohol Licence: Securing an alcohol licence could significantly boost sales, especially during evenings and weekends. A licence was previously in place and could be reinstated.
  • Expand Product Range: Introduce additional services such as parcel pick-ups or a wider range of fresh produce to attract more customers.
  • Extended Operating Hours: With its current hours of 8 am–11 pm, expanding into earlier mornings or late-night operations could further maximize income.

  • Why Sell?

    The current owner is relocating to Leicester, making travel inconvenient. This presents a unique opportunity for you to take over and build on the store’s success.

    Key Business Details:


    • Trading Hours: Open 7 days a week, 8 am–11 pm.
    • Stock Value: Inventory worth £12,000–£15,000 included in the sale price.
    • Turnkey Operation: Ready for immediate operation, offering a smooth transition for the new owner.


    What’s Included:


    • Fully operational convenience store with all essential equipment.
    • Fixtures and fittings worth approximately £7,000.
    • Support from the landlord and the local community.

    Contact Us Today! Don’t miss out on this incredible opportunity to own a profitable and well-loved convenience store in Coventry. Call now to arrange a viewing or request more information!

    Act Fast – This Business Won’t Stay on the Market for Long!

    Location
    The store is located in a busy area of Coventry, surrounded by residential housing and other local amenities. Its convenient position attracts regular customers and ensures a steady stream of foot traffic.

    Premises
    The premises are well-maintained and fully equipped with assets valued at approximately £7,000.

    The layout maximises customer convenience with well-organised displays and ample space for additional stock.

    Tenure
    The business is offered on a leasehold basis with a 5-year lease currently in place.

    The landlord is open to negotiating a longer-term lease for added security. Rent is competitively priced at just £900 per month.

    Hours
    The store operates 7 days a week, from 8:00 am to 11:00 pm, providing convenient shopping hours for the local community.

    Staff
    The business is currently run with one staff member employed through paye.

    Financial Profile
    Turnover: £108,000 annually.

    Stock Value: Approximately £12,000-£15,000.

    Full financials can be made available upon request.

    More information

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    Property descriptions and related information displayed on this page are marketing materials provided by - Cogogo. 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 Cogogo for full details and further information.

    1. Zoopla
    2. Commercial for sale
    3. West Midlands
    4. Coventry
    5. Brentwood Avenue

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