Business for Sale in West Bromwich, West Midlands - VERY MODERN & WELL FITTED CONVENIENCE STORE IN WEST BROMWICH - Leasehold: £71,000

Key Information

Ref
GOT34308K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£14,000 Inc Vat
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Around 1,570 Square Foot Sales Area

Retail Takings Over £14,000 per week, plus Services

Leasehold Price £71,000

CORPORATE DISPOSAL

Description and Trade:

A modern and established Convenience Store offering a selection of groceries, beers, wines and spirits together with confectionery, newspapers and magazines, benefiting from being a Lotto and E-Top Up outlet. Operating from modern very well fitted and equipped premises to include a host of refrigeration equipment and abundance of display shelving.

Premises:

The Business is situated in a prominent corner trading position close to West Bromwich town centre.

The Shop (around 1,570 sq. ft.) has a suspended ceiling and tiled floor. It is bright and very well-fitted for the trade with cold cabinets, chilled drinks cabinets, freezer displays, checkout counter.

With Stock Rooms; Loading Bay; Kitchen; W.Cs; and rear service area.

Business:

An established business operated by a multiple retail group, operating as a Convenience Store/Newsagents, retailing groceries, confectionery, cigarettes, beers, wines and spirits, tobacco/cigarettes, newspapers and magazines, greetings cards, crisps, snacks, soft drinks, the shop benefits from being a Lotto and E-Top Up outlet

Accommodation:

There is no living accommodation.

Comments:

An opportunity to acquire modern well fitted and equipped retail premises. An established business lending itself to improvement in the hands of new owner operators.

Takings and Profitability:

The Business achieves average retail takings of over £14,000 per week (ex services).

Commission Income is earned from the sale of National Lottery tickets, Amazon parcel locker, E Top- Ups and electronic payments services.

Staff:

This is a company owned store, and the staff are to be retained by a new owner.

Tenure:

The Premises are held on a lease until 2027. Present rent payable is £42,500 per annum.

Price:

£71,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

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