Business for Sale in Walsall, West Midlands - CONVENIENCE STORE & OFF LICENCE IN WEDNESBURY, WEST MIDLANDS - Leasehold: £55,000

Key Information

Ref
GOT32898K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£4,500 Inc Vat
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Well Presented Shop, Over 800 Sq. Ft. Sales Area

Good Trading Position in a Local Parade

Taking £4,500 per week with a Consistent Trading History

Plus Commission Income from Lotto, PayPoint and ATM

Leasehold Price £55,000, Freehold Available

Description and Trade:

A family operated Convenience Store and Off Licence situated in a residential area of Wednesbury. This Business has been in the current owners’ hands since 1999 and enjoys a consistent trading history selling General Groceries, Beers, Wines and Spirits, Newspapers and Magazines, Greetings Cards. Toiletries and Sundry lines.

This Business has lots of potential for increased sales and profits by extending trading hours into the evenings.

Premises:

The spacious Sales Area (around 820 sq. ft.) has a suspended ceiling and tiled floor, fully fitted wall and double sided gondola shelving, and news display racking. Fixtures and fittings include dairy cabinet, chilled drinks cabinets, ice cream freezer, greetings cards display stands, 8ft chest freezer, long checkout counter, instore ATM.

To the rear are Storage Rooms, Stock Room and w.c.

The Premises are well protected with CCTV system, burglar alarm and security shutter to front windows.

Comments:

An opportunity to acquire a very well-established and well-presented Convenience Store with a consistent trading history. National Lottery ticket sales were only recently introduced, and it is expected that sales will increase in the coming months.

Our Client Informs Us That:

Takings and Profitability:

Weekly takings average around £4,500 per week, and trading accounts show 16.6% gross profit margin.

There is also extra commission income from Lotto, fee paying ATM, PayPoint electronic payment service and a photocopying facility.

Trading Hours:

7.00am – 7.00pm Monday to Saturday

7.00am – 6.00pm Sunday

Lots of potential exists to maximise sales and profits by extending trading hours into the evenings.

Staff:

The Business is operated by family members.

Tenure:

Leasehold. We are informed that a new lease will be available to the new owner. The present rent payable is £665 per month (£7,980 per annum).

Price:

£55,000 plus stock at valuation for the lease, business, fixtures and fittings.

The Freehold is available, which will include two self-contained flats, each with one bedroom.

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