Convenience Store and Electrical Hardware Business in Coventry

Coventry, Warwickshire, England

Advert Ref: 2656

Business Description

Preferred Commercial is delighted to offer for sale this convenience store and electrical hardware retail business, which were established by our clients in 1980 and which are only now being placed on the market due to our clients' wish to retire. The businesses operate 6 days a week and generate a combined turnover in the region of £130,000 per annum with a gross profit of 20%. A new owner could increase turnover by perhaps extending the opening hours and open on Sundays. There is scope to expand the range of products sold by offering fruit and veg, newspapers and magazines, alcohol and applying to become a Lotto outlet. There is potential to convert the 2 shop units into one large one. The premises benefit from self-contained 3-bedroom living accommodation to the first and second floor and a double garage/workshop, which could be let out or indeed converted for further retail use. We feel this is an ideal opportunity to acquire a well-established local business with immense scope for future growth. Early discussions with Preferred Commercial must come highly recommended.

Business Status

Sold

Property

Freehold

Location

D & D Sawjani and Sawjanco Electricals occupy spacious premises, situated in a prominent corner location in the heart of a densely populated residential area of Coventry, in Warwickshire. The businesses are located close to a busy main road and benefit from a high footfall. The area benefits from good schools and ample local amenities, including parks and retail areas. The area is easily accessible with several bus routes serving the area and a railway station within easy walking distance. Coventry city centre lies approximately 3 miles away, while the M6, M69, M40 and M42 motorways are all close by.

Premises Details

Substantial corner premises with 2 x entrances and security shutters. Briefly comprising: Ground Floor • Convenience store with open-plan sales area with racking and shelving to perimeter walls, large glass serve-over counter with electronic cash register, weighing scales, tobacco gantry, 2 x chiller cabinets, 2 x freezers, card display racks, 'pocket money' toy spinner • Store room to rear • Access to owners' accommodation • Electrical store with full width counter, racking and shelving to perimeter walls 2 x large store rooms with shelving to walls and aisle • Utility room First Floor • Bathroom with shower, WC and wash basin • Kitchen with a range of fitted wall and base units, integrated dishwasher and fridge/freezer, gas oven and tiled floor • Spacious lounge • 2 x double bedrooms • Bathroom with bath, WC and wash basin Second Floor • Double bedroom with 2 x skylights

Trading Hours

Mon - Sat: 8.00am - 6.00pm Sun: Closed

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Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.