West Bromwich Grocery Store For Sale - Great Potential as Off Licence/Convenience Store
West Bromwich, West Midlands
- Status
FOR SALE
- Date Submitted:
10/01/24
- Advert ID
604819
- Leasehold: £50,000 (Stock at valuation)
- Rent: £18,000
- Turnover: £208,000 (£4,000 Per week)
- Net Profit: On request
Key Features
- Fully Fitted
- Established Business
- With Car Park
- Close to Local Amenities
- Accounts Available
Business Details
Grocery store for sale in West Bromwich huge potential if run as Off licence Convenience store
We're offering a grocery store for sale in the heart of West Bromwich, West Midlands. This compact, well-established business has been in operation for two years, having been in my ownership from its inception. It's currently priced at £50,000 for the leasehold, while its present annual turnover stands at £208,000.
The store stands in a densely populated residential region, located just off a main road. There are several schools in the vicinity ensuring consistent footfall. Included with the sale are all the fixtures and fittings, while the stock is sold at a valuation.
At present, the store operates as a grocery shop. However, given its size, it might be more suitable as a convenience or off-license store. Grocery stores generally require substantial storage due to the diversity of stock they carry. Adapting the business model into an off-license store will potentially enhance the already good turnover, but due to personal reasons, I haven't been able to implement this change.
The store's opening hours are currently 8 am to 8 pm, presenting an opportunity for future owners to extend the working hours further. The store currently operates with the help of two dedicated employees. Alongside the business sale, we're happy to provide training opportunities to new owners for a seamless transition.
There's also an additional income stream in place, as part of the premises has been successfully sub-let to a dessert shop, fetching a monthly rent of £400. For a more in-depth understanding of the business and detailed information, potential buyers are encouraged to get in touch.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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