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Freehold Convenience Store In Cradley Heath For Sale

Cradley Heath, West Midlands, UK
Asking Price:
£499,950
Sales Revenue:
£468,000
Cash Flow:
£50K - £100K

Rare opportunity to purchase a freehold convenience store located on a busy main A road in Cradley Heath West Midlands. Gross takings average £9,000 per week with a gross profit yield of 25% together with Lottery commission of over £60 per week and a news bill at cost of £800 having two delivery rounds. The large two storey brick built property comprises ground floor sales area of some 650sq.ft with rear stock room hallway kitchen utility and lounge/bedroom and to the first floor spacious lounge bathroom kitchen and 3 double bedrooms with gas fired central heating throughout. Outside there is a rear yard with vehicle access and double garage. Sales include groceries wines and spirits sweets newspapers magazines dairy products cards cigarettes and soft drinks. Hours 5.00 AM to 9.00 PM Monday to Sunday. The business has been operating for over 60 years and in the present owners hands for the last 22 years who are now selling due to retirement. This is a fantastic opportunity to buy a quality freehold convenience store.

Property Information

Property:

Freehold

Living Accommodation:

The premise has currently 3 double bedrooms 2 kitchens 2 lounges and a bathroom but could be made into a 5 bedroom property

Location:

The property is located on a busy main A Road in Cradley Heath in the West Midlands

Premises Details:

The large two storey brick built property comprises ground floor sales area of some 650sq.ft with rear stock room hallway kitchen utility and lounge/bedroom and to the first floor spacious lounge bathroom kitchen and 3 double bedrooms with gas fired central heating throughout. Outside there is a rear yard with vehicle access and double garage

Planning Consent:

A1 Retail use

Business Operation

Expansion Potential:

The shop area could be extended into the ground floor kitchen

Reasons for selling:

Retirement sale

Trading hours:

5.00 AM to 9.00 PM 7 days

Employees:
Operated by mother and father and 3 sons
Years established:
Over 60 years

Other Information

Financing available:

Hurdley & Co can introduce you to various business brokers depending on your circumstances. We have built up a good relationship over many years and have every confidence in them to provide you with a first class professional service.

Contact Hurdley & Co

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