Spacious Old Established Freehold Self Service Convenience Store, Counter News Plus Adjoining Full Free Off Licence | | Undisclosed West Midlands | | Situated end of parade, excellent unopposed main road trading position, densely populated residential and commercial area and situated not far from a football ground, WEST MIDLANDS | | ADVERT NUMBER : 60751
ADVERT IMPRESSIONS : 11,371 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Convenience Stores | | SALE: | Agent Sale | FREEHOLD: | £425000 | | | | | BUSINESS DETAILS: | Features : We understand this business has been in the same hands since 1984 and is now solely offered for sale due to the vendors retirement.
Parking Layby to side of parade providing free parking limited to 1 hour during the day
DOUBLE FRONTED SALES SHOP utilized for the sale of wines, beers and spirits. Approx. sales area 500 sq. ft. The equipment includes counter, electric cash register, wooden shelving, 2 upright double door glass fronted drinks display fridges, 1 upright single door drinks display fridge, cigarette gantry (on loan).
Stockroom
Staff cloakroom
ADJOINING but not intercommunicating ADDITIONAL DOUBLE FRONTED SALES SHOP probably in the region of 750 sq. ft. sales area with counter, cash register, 2 double door glass fronted drinks display fridges, 2 single door glass fronted drinks display fridges, 2 glass topped chest deep freezes etc.
In our opinion, as will be appreciated upon inspection, both shops would benefit from being refitted.
Location : Situated end of parade, excellent unopposed main road trading position, densely populated residential and commercial area and situated not far from a football ground, WEST MIDLANDS
Opening Hours : Self Service Grocery Section
Monday - Friday inclusive - 5.45 a.m. - 7 p.m.
Saturday opening - 6.15 a.m. - 7 p.m.
Sunday opening - 6.45 a.m. - 7 p.m.
Off Licence Section
Sunday - Thursday inclusive - 4.15 p.m. - 10.30 p.m.
Friday & Saturday - 4.15 p.m. - 11 p.m.
Turnover : WE ARE INFORMED the turnover currently averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Wholesale newsbill £250/£300 p.w. The business has an ATM machine on loan and we understand this provides a further revenue of approximately £30 p.w. In addition there is an advertising board at side of property providing additional income we understand of £60 per month.
Tenure : AS STATED THIS SPACIOUS FREEHOLD PROPERTY & BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1984 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDOR'S RETIREMENT.
OUTSTANDING OPPORTUNITY TO ACQUIRE A VALUABLE FREEHOLD PROPERTY COMBINED WITH RETAIL BUSINESS WITH THE BENEFIT OF A FULL FREE OFF LICENCE, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR DEVELOPMENT IN THE RIGHT HANDS.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price : TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £425,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Accommodation : The SPACIOUS living accommodation situated over the Off Licence and part of the Grocery Section does require refurbishment and comprises:
6 Bedrooms (4 doubles, 2 singles)
Lounge
Ground Floor
Dining Room
Kitchen
Bathroom with bath, w.c. and wash hand basin
In addition over part of the Self Service Convenience Store there is an additional Self Contained accommodation with separate entrance, comprising:
First Floor & Attic Room
3 Bedrooms (2 doubles, 1 single)
Lounge
Ground Floor
Dining area
Kitchen
Bathroom with bath, w.c. and wash hand basin
Outside : Yard at rear with w.c.
Staff : The business is at present operated by a husband and wife team with the assistance of 3 part time staff with occasional family help. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
