Freehold Newsagents | | Wolverhampton West Midlands | | FREEHOLD NEWSAGENTS - WEST MIDLANDS Very well presented and well appointed throughout Early interest and viewing is highly recommended | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 40304
ADVERT IMPRESSIONS : 15,052 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Newsagents | | SALE: | Agent Sale | FREEHOLD: | £320000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | FREEHOLD NEWSAGENTS - WEST MIDLANDS
Very well presented and well appointed throughout
Early interest and viewing is highly recommended
Advised turnover £6,750 PW with good GP returns
Ideal location in Wednesfield, Wolverhampton
Sale price includes all fixtures and fitting
Ideal lifestyle change opportunity
Living accommodation on site
Customer parking facilities
Prime high footfall location
FREEHOLD
Location
This excellent newsagents and general convenience store is located in the town of Wednesfield, Wolverhampton which is in the West Midlands. The shop stands proud on a busy island which is within a very densely populated area. The shop has a select few neighbouring commercial businesses and retailers which brings shoppers and visitors to the area throughout the year. The newsagents also benefits from being on a very busy through road which sees a mass of passing traffic on a daily basis and with its own off road parking it's an easy convenience for all who wish to stop whilst passing through. The business also benefits from being situated in a very densely populated area which supplies a high amount of local residents living within walking distance. Wednesfield is a very popular business and residential area due to its affordable housing, good schools, NHS services, excellent central shopping facilities and friendly local community. Wolverhampton city centre is only 2 miles away with many other popular towns and villages within a short travelling distance. The town also benefits from being very easily accessed via the M6 which is situated less the 5 miles away making visiting and commuting very easy.
Business History
Meridian Business Sales are delighted to offer for sale this excellent freehold newsagents and convenience store which has a proud history dating back to the 1960s. Our clients have owned the business since 2005 and are only now placing it onto the market due to their desire to emigrate. The business which is run and managed by our client achieves a very respectful advised weekly turnover of £6,750. This is derived from the sale of newspapers, magazines, alcohol, cigarettes, cards, gifts and general convenience style goods. The shop has 18 newspaper rounds spread over weekday mornings and Sundays. The shop has a very loyal and well known customer base with many of the shops visitors being known on a first name basis. The newsagent also sees a healthy amount of new clients from the consistent flow of passing motorists and area visitors. The property is very well presented throughout and has its own first floor living accommodation which is a big plus for someone who is new to the area. Our clients have gone to considerable expense and effort on the property and living accommodation which for a new owner means additional funds will not need to be spent for the foreseeable future. This is an ideal lifestyle change opportunity for someone who is looking for their first convenience style business. This shop would ideally suit a husband and wife or partnership and could afford a good standard of living. We feel that this opportunity provides a new owner with an excellent base to build on and we urge early viewing of this very successful newsagents.
Financial Profile & Tenure
Turnover: £6,750pw
Gross profit: 20%
Newsheet: £3,000pw
Stock approximately: £18,000
We are advised freehold
Opening Hours
Monday to Saturday: 6:00am - 7:00pm
Sunday: 6:00am - 1:00pm
Accommodation
Excellent 2 storey property offering large ground floor newsagents and convenience shop with glass front, large serving area and large display space, first floor one large double bedroom with fitted kitchen, bathroom and large living/dining room, front parking for 4-5 vehicles and rear garage storage. All very well presented throughout.
GROUND FLOOR - Full double sided glass fronted shop, excellent advertising space with large front sign, highly visible and secure front entrance leading to large open plan retail space comprising of: Front serving payment counter with cash register and product displays, behind counter cigarette and spirit displays, front confectionary and crisp displays, 2 x ice-cream chest freezer displays, 1 standard drinks display fridge, 1 large open drinks display chiller, 1 large open food and milk display chiller, 4 double sided display lanes with changeable shelving system, wall display shelving and racking, several free standing displays, large magazine and newspaper display, large gift and card display area.
FIRST FLOOR - Secure front door access with stairs accessing first floor leading to master bedroom - very large double with wardrobe/storage space, fully fitted family style kitchen with worktops, cupboards, draws and wash basin plus fitted cooker, bathroom with bath, wash basin and toilet, living room/dining room large living space with dining area, fireplace and large bay window.
EXTERNAL - Large front customer parking 4-5 vehicles, neighbouring roadside additional parking, side gated walkway to first floor accommodation and rear garage currently used for storage space. | | | | | | FOR SALE | | | | | REFERENCE: | 2176 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
