WELL ESTABLISHED CONVENIENCE STORE IN CRADLEY HEATH, WEST MIDLANDS

Cradley Heath, West Midlands

Status

FOR SALE

Date Submitted:

10/09/20

Advert ID

264832

Reference

GOT34324K / Rightbiz
Leasehold: £45,000
Annual Turnover: £214,225
Well Established Convenience Store in Cradley Heath, West Midlands



Unopposed Shop in an Industrial/Residential Area

Taking Approximately £5,500 per week plus Commission Income

Lots of Potential for More

Relatively High Gross Profit Margin Approaching 24%

Leasehold Price £45,000



Description and Trade:

This long-established Convenience Store has been in the present owner's hands for eight years. The Shop is fully fitted out for the trade, offering for sale General Groceries, Beers, Wines and Spirits, Newspapers & Magazines, Confectionery, Tobacco products and Sundry Lines. The Business enjoys a consistent trading history and earns Commission Income from the sale of National Lottery tickets and PayPoint electronic payments service.



Premises:

The Shop (over 525 sq. ft.) has a suspended ceiling and tiled floor. Fixtures and fittings include: modern wall and double-sided gondola shelving, chilled drinks cabinet, chiller cabinets, dairy deck, chest display freezer, ice cream fridge, checkout counter with EPOS cash register.

Rear Stock Room, and w.c, plus a spacious Storage Cellar (around 420 sq. ft.).

The Premises are protected with roller shutter to front windows and rear door, and there is off road car parking and car park.



Living Accommodation:

There is no living accommodation.

Comments:

An opportunity to acquire an easy to operate and well-established business for a realistic price.

Much potential exists to increase sales and profits by extending trading hours, introducing more stock by increasing the height of some of the racking and installing an ATM cash machine etc.



Our Client Informs Us That:



Takings and Profitability:

Trading accounts for year ended November 2019 show net Sales £214,225 and Gross Profits of £52,470.

Commission Income of £2,115 was earned from the sale of National Lottery tickets and PayPoint electronic payments service.

Staff:

The Business operated by the owner with the help of just one part-time assistant.



Tenure:

Leasehold. The Premises are held on a lease with around 8 years unexpired. Present rent payable is £9,000 per annum.

Price:

Realistically Priced at £45,000 plus stock at valuation for the Leasehold Property, Business, Fixtures and Fittings.

VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
Contact Agent
Advert Reference:
GOT34324K / Rightbiz
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