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VERY SPACIOUS & WELL FITTED CONVENIENCE STORE & POST OFFICE NEAR WALSALL

Walsall, West Midlands
Leasehold Price:
£61,000
Status
FOR SALE
Advert ID
247642
Reference
GOT34309K / Rightbiz
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.

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01543 411036.
Listing Details
Leasehold Price: £61,000
Tenure: Leasehold
Location: Walsall, West Midlands
Sector: Convenience Stores, Retail
Financials
Annual Turnover: £624,000
Contact Agent
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Advert Reference: GOT34309K / Rightbiz
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