For Sale

High Turnover & Popular Local Convenience Store

Worcester, Worcestershire

£249,999 +SAV

Ref: B04763

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe are pleased to have been given the opportunity to manage the sale of Premier Rainbow Hill Convenience Store which is a well-established business with a renowned reputation amongst local residents.

This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a similar type of business at these premises since the 1950’s (formerly a busy CO-OP supermarket) and the current owners have run it successfully and lucratively for the last 5 years during which time it has thrived and enhanced its status as being an important part of the local community.

The business is now being sold, albeit reluctantly and with a heavy heart only due to the owners wish to pursue a change of direction.

The business is extremely well stocked with a comprehensive range of products including;

• Newspapers and Magazines
• Tobacco and vaping products
• Beers, wines and spirits
• Confectionery
• Fruit and vegetables
• Fresh Meat
• Frozen foods
• Bread, cake and pastries
• Takeaway coffee
• Ice creams
• Greeting cards and gift bags
• General groceries
• Sandwiches and snacks
• Dairy products
• Soft drinks
• Crisps and snacks.

Additionally, the business has a Paypoint terminal with takings of approximately £4000 per week and a Lotto terminal (£2000 per week). The business has a News bill of roughly £475-£500 per week. There is an externally filled cash point machine to the front of the store.

Premier Rainbow Hill 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 members of the local community. The business enjoys great visibility on the internet.

Reasons to Buy

• A well-established business with an enviable reputation and many regular customers
• Low running costs with inexpensive rent and low business rates
• Little or no competition locally
• Current owners happy to offer a handover to ensure the continued success
• Ideal owner managed or husband and wife business
• There is the possibility of 3 bedroom living accommodation above the business if required by a new owner.
• Beautifully presented and maintained and all fixtures and fittings included in sale making this a real Turnkey opportunity.
• Ideal trading position on one of the busiest roads into Worcester.

Hilton Smythe highly advise early viewing to avoid disappointment. This great business is likely to attract considerable interest.

Tenure

Leasehold

We are advised that the business is being sold as a Leasehold business opportunity.

The vendors own the freehold of the premises and would be happy to agree a mutually acceptable Lease with a new owner.

An annual rent of circa £28,000 is proposed.

We are advised that the business rates payable are approximately £6500 Per Annum.

Hours

Monday to Saturday 7.00 am – 10.00 pm
Sunday 8.00 – 10.00 pm

Staff

The business is run and managed by our two clients with the help of one full time and two part time members of staff.

Financial Profile

Premier Rainbow Hill generates an advised current turnover of circa £710,000 per annum. The business has enjoyed higher turnover previously.

Location

Premier Rainbow Hill is Located in Worcester in the county of Worcestershire.

Worcester is a city 31 miles southwest of Birmingham and 27 miles north of Gloucester. The population is approximately 100,000. The River Severn flanks the western side of the city centre which is overlooked by the 12th century Worcester Cathedral.

The M5 Motorway runs north-south immediately to the east of the city and is accessed by Junction 6 and Junction 7. This makes the city easily accessible to most parts of the country including London which is only 118 miles using the A44 via the Cotswolds and M40. A faster journey to London is possible via the M5, M42 and M40.

Worcester has two railway stations, Worcester Foregate Street and Worcester Shrub Hill. Both stations frequently serve Birmingham via Droitwich Spa, Kidderminster and Stourbridge. From both stations trains run to Pershore, Evesham and onto the Cotswolds, Oxford and London.

Premier Rainbow Hill is ideally and prominently situated on the Astwood Road which is one of the main arterial roads in and out of Worcester city centre.

This is an area of densely populated, residential housing which is a mix of property types ranging from large detached villas to flats and bedsits. The area is popular with students attending the University of Worcester.

The business is located in a small but unusually busy and vibrant shopping parade alongside other complimentary retail businesses such as a barbers, hairdressers and wedding shop and thus benefits from high levels of footfall and passing trade.

The business is beautifully presented and maintained with clear, visible signage and the distinctive Premier branding.

There is free off-street parking immediately outside the premises and there is free on street parking in the roads close to the Business.

Premises

Premier Rainbow Hill really is beautifully presented. A considerable amount of money has been spent by the current owners ensuring that this is arguably one of the nicest businesses of its type in the area.

The business occupies the ground floor of a substantial period style, end terraced property and briefly comprises;

Shop

• Windows and electric sliding glass door to front creating a light airy and inviting interior generously proportioned shop that has been cleverly designed to maximise the space available
• Really well fitted with new fittings and chillers throughout
• Tiled floor
• Suspended ceiling with concealed LED lighting
• Air con
• Long bespoke counter with two EPOS tills
• Paypoint terminal
• Lotto terminal
• Generous wrapping area and scratch card display
• Cigarette gantry and spirit shelving behind
• Dump bins and window display for bulk buys
• Freestanding stationery display
• Triple ice cream freezer
• ‘My Coffee’ takeaway coffee station
• Fruit and vegetables racking
• Long open dairy chiller
• Long open drinks chiller
• Long beer and cider chiller
• Long open wine chiller
• Glass fronted food freezers
• Greeting card racking
• Newspaper and magazine shelving
• Crisp and snack racking
• Freestanding hanging sweet display
• Perimeter shelving
• Three central shelving gondolas

Office

• Wood effect flooring
• 16 camera CCTV monitor
• Window to warehouse
• Desk
• Chair
• Filing cabinets

Stockroom

• Generous stockroom with fluorescent lighting
• Dexion type shelving
• Floor storage space

Stockroom 2

A further generous stockroom with ample floor storage space

Staff Room / Kitchen

• Comfortable staff room cum kitchen
• Tiled floor
• Range of Light Oak effect base and wall units
• Tiled splash backs
• Stainless steel sink and drainer with Monobloc tap
• 4 ring stainless steel electric hob
• Built under fan oven
• Generous run of worktop
• Space for table and chairs

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