Particulars
EMF are delighted to be chosen to bring to the market this long established and very well presented Convenience Store and Post Office Local with the added benefit of a sizeable 4 bed duplex flat above, offering the new owner accommodation for their own use or to rent out separately to generate further income.
The busy location in the heart of the densely populated mixed residential and commercial suburb of Foleshill/Longford ensures a continual stream of customers plus it is only a short walk from the Coventry Arena. In our opinion no investment is needed in the shop or the residential property plus there is the benefit of private off road parking as well as on street parking to the front for customers. If you are looking for this type of business then this one really does tick all the boxes.
THE BUSINESS ITSELF
The vendors have been successfully operating the business for over 20 years and have in that time taken great pride in ensuring the business continually evolves to meet current trends as well as in presenting the store in a modern, clean and welcoming style.
The business enjoys consistent net trading figures in the region of £275k p.a with the Post Office Local commission in addition of approximately £30k per year. The shop stocks an excellent range of quality convenience products as well as offering the Post Office services, Lotto, newspapers and greeting cards. The shop also benefits from a premises licence enabling them to sell alcohol from 5:00am to 11:00pm, seven days a week, meaning a new owner could extend their opening hours to maximise their turnover from this. In addition there is also an internal cash machine which helps to draw customers in.
The business is currently operated by the owners and they do not have any directly employed staff which gives full freedom to a new owner to operate with or without staff as they so wish.
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