Business for Sale in Tipton, West Midlands - WELL PRESENTED FREEHOLD CONVENIENCE STORE IN TIPTON, WEST MIDLANDS - Freehold: £299,500

Key Information

Ref
GOT33478K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Freehold
Status
For Sale
Annual Sales
£410,075 Ex Vat
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Good Trading Position in a Local Parade of Shops

Annual Sales £410,075 with a Consistent Recent Trading History

Plus High Commission Income from Lotto, PayPoint and ATM

Includes Comfortable Living Accommodation with 2 Bedrooms

Freehold Price £299,500

Description and Trade:

A very long established family operated Convenience Store and Off Licence situated in a residential area of Tipton. This Business has been in the current owners’ hands for over 30 years and enjoys a consistent trading history selling General Groceries, Beers, Wines and Spirits, Newspapers and Magazines, Greetings Cards. Toiletries and Sundry lines.

In addition substantial Commission Income is earned from the sale of National Lottery tickets, in-store ATM and PayPoint electronic payments service.

Premises:

The modern and well-fitted Sales Area (around 580 sq. ft.) has a suspended ceiling and tiled floor, fully fitted wall and double sided gondola shelving. Fixtures and fittings include ice cream freezers, greetings cards stands, chilled drinks cabinet, dairy deck, checkout counter with cash register.

Large Stock Room and Tobacco Store.

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

Living Accommodation:

On the Ground Floor: fitted Kitchen.

On the Upper Floor: Lounge, Two Double Bedrooms, modern Shower Room with w.c.

There is a Garden to the rear of the property.

Comments:

An opportunity to acquire a very well-established and well-presented Convenience Store with a consistent trading history.

Our Client Informs Us That:

Takings and Profitability:

Trading accounts for the year ended May 2017 show Sales £410,075. There was Substantial Commission Income of £19,404 from Lotto ticket sales, fee paying ATM, and PayPoint electronic payment service.

Trading Hours:

7.00am – 9.00pm Monday to Friday

7.30am – 9.00pm Saturday

8.00am – 2.00pm and 7.00pm – 9.00pm Sunday

Staff:

The Business is operated by family members.

Tenure and Price:

£299,500 plus stock at valuation for the freehold property, business, fixtures and fittings.

Copyright © EMF Group Ltd 2017 Company No: 987654321 - VAT: 111 1234 56