Business for Sale in Wolverhampton, West Midlands - CONVENIENCE STORE - WEDNESFIELD, WOLVERHAMPTON - Freehold: £280,000 Leasehold: £59,950

Key Information

Ref
GOL33774K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Freehold, Leasehold
Status
For Sale
Weekly Sales
£5,500 Inc Vat
Accomodation
4 Bedrooms
Download Particulars Add to my favourites

Request Particulars

Please fill the form in below to request particualrs via e-mail for Business Ref : GOL33774K

Please let us know whether you are happy for us to contact you from time to time with information about our products or services by selecting one of the following options:

Call us on 01543 411036

Prominent Location in Nice Residential Area

Well Fitted & Attractively Presented

Same Owners Since 1994

Husband & Wife Operated

Spacious 4/5 Bedroom Accommodation

Freehold Price £280,000

Leasehold Price £59,950

Description and Trade:

A prominent corner sited store situated in a nice residential area. It has a wide forecourt and roadside parking for customers, and trades under the Premier banner.

The trade is that of general groceries and off licence products etc. It is a National Lottery outlet.

Premises:

The modern well fitted Sales Area (c.640 square foot) has a suspended ceiling, terrazzo type flooring, fully fitted wall and double sided gondola shelving. Fixtures and fittings include self serve upright freezer unit, upright self serve chilled drinks cabinet, dairy products cabinet, ice cream freezer, serveover checkout with cash register etc. CCTV is installed.

Outside to the rear is an enclosed yard with a spacious Stock Room and double gate access to the road.

Accommodation:

The spacious and well-presented accommodation is centrally heated and double glazed comprising:

GROUND FLOOR: Hallway/Lounge; Kitchen.

FIRST FLOOR: Lounge (4.4m x 3.4m); Bedroom 1 – small double; Bedroom 2 – single; Bedroom 3 – single; Bathroom with separate shower cubicle.

SECOND FLOOR: Loft Bedroom – double; Bedroom 5/or Dressing Room – single.

Our Client Informs Us That:

Takings and Profitability:

Retail takings are around £5,500 per week with a gross profit margin of around 20%. Plus commissions of around £2,500 per annum.

Trading Hours:

8.00am – 9.00pm Monday to Saturday

9.00am – 7.00pm Sunday

Staff:

Operated by a husband and wife team without the need for staff.

Tenure & Price:

Freehold £280,000 plus stock at valuation. OR

Leasehold £59,950 plus stock at valuation. A new lease will be offered , with 3 yearly reviews, at a commencing rent of £13,000 per annum for the business and accommodation.

Copyright © EM & F Group Limited 2019 - Company No: 03035561 - VAT: 631 4000 02