Business for Sale in Cannock, Staffordshire - CONVENIENCE STORE & POST OFFICE - CANNOCK - Leasehold: £47,000

Key Information

Ref
GOT34313K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£9,000 Ex Vat
Post Office Remuneration
£14,335
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Approaching 1,500 Square Foot Sales Area

Retail Takings Over £9,000 per week, plus Services

Includes Self Contained Living Accommodation

Leasehold Price £47,000

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 on a main road and has easy car parking for customers.

The Shop (around 1,500 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, Storage Rooms, Kitchen/Staff Room and w.c./ wash room.

Business:

An established business operated by the McColl's Retail Group, operating as a Convenience Store/Newsagents, retailing groceries, confectionery, 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 £4,200 per annum, plus, to the rear, a commercial sub-let which generates income of £7,200 per annum.

Comments:

The sale of this McColl's store provides 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 £9,000 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.

Income from Post Office is around £14,335 per annum.

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 2029. Rent payable is around £45,212 per annum.

After taking into account rental income from the flat and commercial let the net rent is around £33,800.

Price:

£47,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

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