Business for Sale in Cradley Heath, West Midlands - WELL ESTABLISHED CONVENIENCE STORE IN CRADLEY HEATH, WEST MIDLANDS - Leasehold: £49,995

Key Information

Ref
GOT34324K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Annual Sales
£214,225 Ex Vat
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Well Established Local Convenience Store

Unopposed Shop in an Industrial/Residential Area

Annual Sales £214,225 plus Commission Income

Relatively High Gross Profit Margin Approaching 24%

Leasehold Price £49,995

Description and Trade:

This long-established Convenience Store has been in the present owner’s hands for eight years. The Shop is fully fitted out for the trade, offering for sale General Groceries, Beers, Wines and Spirits, Newspapers & Magazines, Confectionery, Tobacco products and Sundry Lines. The Business enjoys a consistent trading history and earns Commission Income from the sale of National Lottery tickets and PayPoint electronic payments service.

Premises:

The Shop (over 525 sq. ft.) has a suspended ceiling and tiled floor. Fixtures and fittings include: modern wall and double-sided gondola shelving, chilled drinks cabinet, chiller cabinets, dairy deck, chest display freezer, ice cream fridge, checkout counter with EPOS cash register.

Rear Stock Room, and w.c, plus a spacious Storage Cellar (around 420 sq. ft.).

The Premises are protected with roller shutter to front windows and rear door, and there is off road car parking and car park.

Living Accommodation:

There is no living accommodation.

Comments:

An opportunity to acquire an easy to operate and well-established business for a realistic price.

Our Client Informs Us That:

Takings and Profitability:

Trading accounts for year ended November 2019 show net Sales £214,225 and Gross Profits of £52,470.

Commission Income of £2,115 was earned from the sale of National Lottery tickets and PayPoint electronic payments service.

Trading Hours:

7.00am - 9.00pm Monday to Saturday

8.00am – 4.00pm Sunday.

Staff:

The Business operated by the owner with the help of just one part-time assistant

Price:

Realistically Priced at £49,995 plus stock at valuation for the Leasehold Property, Business, Fixtures and Fittings.

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