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Very Spacious & Well Fitted Convenience Store & Post Office For Sale

Walsall, West Midlands
Asking Price:
£61,000
Sales Revenue:
£624,000
Cash Flow:
Available on request

Around 1,670 Square Foot Sales Area

Retail Takings Over £12,000 per week, plus Services

Includes Self Contained Living Accommodation

Leasehold Price £61,000

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

The Shop (around 1,670 sq. ft.) has a suspended ceiling and tiled floor. It is bright and very well-fitted for the trade with cold cabinets, chilled drinks cabinets, freezer displays. Checkout with Local Post Office counter.

Stock Rooms, Freezer Room, Kitchen/Office and w.c./ wash room.

Business:
An established business operated by the a multiple 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:
Above the Shop is a self-contained Flat, presently sub-let and attracting rental income of £5,400 per annum.

Comments:
An opportunity to acquire modern 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 £12,000 per week (ex services).

Commission Income is earned from the sale of National Lottery tickets, in-store ATM machine, 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 lease until 2034. Present rent payable is £28,000 per annum with a review date November 2019.

The rent includes the living accommodation, which returns £5,400 per annum.

Price:
£61,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

Property Information

Property:

Leasehold

Living Accommodation:

Accommodation Included.

Contact Information

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