Business for Sale in Wolverhampton, West Midlands - VERY SPACIOUS & IMPRESSIVELY FITTED CONVENIENCE STORE IN WOLVERHAMPTON - Leasehold: £49,000

Key Information

Ref
GOT34317K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Annual Sales
£719,061 Inc Vat
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Over 2,400 Square Foot Sales Area

Retail Sales £719,061 per annum

PlusCommission income £6,894 per annum

Leasehold Price £49,000

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

The Shop (over 2,400 sq. ft.) has a suspended ceiling and tiled floor. It is bright and very well-fitted for the trade with numerous cold cabinets, chilled drinks cabinets, freezer displays.

Rear Stock Room; Office; Kitchen; w.c/wash room.

Business:

An established business operated by the McColl's 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:

There is no living accommodation.

Comments:

The sale of this McColl's store provides an opportunity to acquire modern exceptionally 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 £13,800 per week (ex services).

Commission Income of around £6,800 per annum is earned from the sale of National Lottery tickets, 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 15-year lease from 2017. Present rent payable is £30,000 per annum

Service charges of around £32,136 per annum also apply.

Price:

£49,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

Copyright © EM & F Group Limited 2020 - Company No: 03035561 - VAT: 631 4000 02