Convenience Store In Wednesbury West Midlands For Sale

Business description

Convenience Store For Sale in Wednesbury

Refurbished Throughout to a High Standard in 2009

Spacious Sales Area (37? x 24? max dimensions)

Two Refurbished Self Contained Flats Above Shop

Retail Takings over £9.000 per week

Leasehold Price £130.000

Description and Trade:
A superbly presented business that was refurbished and refitted to a high standard in 2009.

It is situated in a local parade of shops in a pleasant mainly residential area.

The trade is that of general groceries. news and off licence products etc.

Premises:
The attractive. modern and spacious Sales Area (11.2m max x 7.3m max) is fully fitted with wall shelving. three runs of double sided gondola shelving. and news display racking.

Fixtures and fittings include chest freezer. upright dairy products cabinet. drinks chiller cabinet. self serve chilled off licence products cabinet. double ice cream freezer. and serveover checkout with cash register.

The business has the security of CCTV and alarm system.

Leading to a Kitchen. and a Stock Room with w.c facilities off.

Outside is a secured side driveway giving access to a large rear yard with parking facilities.

Accommodation:
The self contained accommodation is double glazed and centrally heated and has been refurbished throughout to a high standard. Comprising:
FLAT 1 spacious Kitchen/Diner/Lounge (8.1m x 3.4m); Bedroom 1 double with en suite facilities; Bedroom 2 double; Bathroom.

FLAT 2 spacious Kitchen/Diner/Lounge (6.0m x 3.9m): Bedroom double; Bathroom.

The two flats have vacant possession with a potential letting income of £950 per month.

Comments:
A superior family operated business that has been in the present owners hands since 1990. There is scope to increase takings by opening later in the evening. especially on the off licence side.

There is a local need for greengrocery products to be introduced.

Our Client Informs Us That:
Takings and Profitability:
Retail takings are in excess of £9.000 per week with a gross profit margin of around 20%.

The business also has Paypoint sales of £10.000/£12.000 per week.

The weekly newsbill at cost is £1.200 per week. having 2am. 3pm. and 3 Sunday newsrounds.

Trading Hours:
5.00am 9.00pm Monday to Sunday

Tenure:
Leasehold. A new negotiable term lease will be offered. with 3 yearly reviews. at a commencing rent of £10.000 per annum for the business premises only.

If any purchaser wanted the 2 flats also then a rent can be negotiated.

Price:
£130.000 plus stock at valuation for the lease. business. fixtures and fittings.

Property information

Property:

Leasehold

Living accommodation:

Accommodation Included.