Business for Sale in Walsall, West Midlands - POST OFFICE & NEWSAGENTS IN WALSALL, WEST MIDLANDS - Leasehold: £20,000

Key Information

Ref
S33490K
Type
Retail Businesses: Post Offices
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£4,000 Inc Vat
Accomodation
2 Bedrooms
Post Office Remuneration
£13,000
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Call us on 01543 411036

Spacious & Well Fitted Store

Nice Residential Area

c.800 Square Foot Sales Area

Easy Trading Hours

Includes Self-Contained Flat with Two Bedrooms

Leasehold Price Only £20,000

CORPORATE DISPOSAL

Description and Trade:

A prominent corner sited store situated in a local shopping arcade in a pleasant residential area of Walsall. The arcade has a large free car park for customers.

The trade is that of Post Office services, news and tobacco products, confectionery, stationery, greetings cards, soft drinks etc. It is also a National Lottery outlet.

Premises:

Sales Area: (13.8m max x 5.6m) is well fitted and presented with shelving, news display racking, refrigerated units etc, and a one position Post Office Counter.

Stock Room/Kitchen: (5.6m x 3.6m)

Male & female w.c facilities

Accommodation:

We are informed that there is a self-contained two bedroom flat above the business. It is currently vacant but had a previous tenant that was paying £450 per month rent.

Comments:

There is real potential and space available in this store to increase takings by introducing general grocery and off licence products.

Our Client Informs Us That:

Takings and Income:

Retail Takings: Around £4,000 per week.

Post Office Income: Around £13,000 per annum

Commission Income: Around £2,000 per annum.

Trading Hours:

6.30am – 5.30pm Monday to Friday

7.00am – 5.30pm Saturday

7.30am – 1.00pm Sunday

Tenure:

Leasehold. Held on a lease until March 2021 at a rent of £13,500 per annum for the business and accommodation.

Price:

Very realistically priced at £20,000 plus stock at valuation for the lease, business, fixtures and fittings.

Deposit:

Successful bidders will be required to pay a non-refundable deposit to the vendor's solicitor, via their own solicitor, equivalent to £5,000 per transaction. The deposit will be set off against the agreed purchase price on completion of a sale. In the unlikely event that the vendor withdraws from a sale, deposits will be repaid in full. However, in the event that a purchaser reneges on the agreed terms and conditions of a sale and purchase, the deposit/s will be forfeited.

The Business:

The business currently trades under the ‘Martins’ banner and any purchaser will be expected to change the trading name.

Copyright © EMF Group Ltd 2017 Company No: 987654321 - VAT: 111 1234 56