Business for Sale in Walsall, West Midlands - VERY SPACIOUS & WELL FITTED CONVENIENCE STORE & POST OFFICE NEAR WALSALL - Leasehold: £61,000

Key Information

Ref
GOT34309K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£12,000 Inc Vat
Accommodation
1 Bedrooms
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Around 1,670 Square Foot Sales Area

Retail Takings Over £12,000 per week, plus Services

Includes Self Contained Living Accommodation

Leasehold Price £61,000

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 air conditioned premises to include a host of refrigeration equipment and abundance of display shelving.

Premises:

The Business is situated in a parade of local shops and has easy car parking for customers.

The Shop (around 1,670 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 with Local Post Office counter.

Stock Rooms, Freezer Room, Kitchen/Office and w.c./ wash room.

Business:

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

Accommodation:

Above the Shop is a self-contained Flat, presently sub-let and attracting rental income of £5,400 per annum.

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 £12,000 per week (ex services).

Commission Income is earned from the sale of National Lottery tickets, in-store ATM machine, 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 2034. Present rent payable is £28,000 per annum with a review date November 2019.

The rent includes the living accommodation, which returns £5,400 per annum.

Price:

£61,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

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