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High Turnover Convenience Store for Sale in Smethwick, West Midlands

smethwick, West Midlands
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Convenience Store with very good turnover Photo 1
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Convenience Store with very good turnoverConvenience Store with very good turnoverConvenience Store with very good turnoverConvenience Store with very good turnoverConvenience Store with very good turnoverConvenience Store with very good turnoverConvenience Store with very good turnoverConvenience Store with very good turnoverConvenience Store with very good turnover
  • Status

    FOR SALE

  • Date Submitted:

    09/02/24

  • Advert ID

    606550

  • Reference

    CS022444smet / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £110,000
  • Rent: £15,600
  • Turnover: £468,000 (£9,000 Per week)
  • Net Profit: On request

Key Features

  • Potential for Alternative Use
  • High Turnover
  • Large Business for Sale
  • Close to Local Amenities
  • Prime Location
  • Accounts Available
  • Price Reduced
  • Fully Fitted
  • Retirement Sale
  • Unique Business
  • Established Business
  • Attractive Business

Business Details

Convenience Store with very good turnover

Mailbox Estates present an opportunity to acquire a busy convenience store with a turnover of £8,000- £9,000 per week on average.

The business is derived from traditional convenience sales, including; alcohol, fresh, chilled and frozen foods, ambient grocery products, confectionery, snacks, soft drinks.

The store has built up an excellent reputation and there is so much potential that still can be done to the store with an experienced operator.

REASON FOR SALE:
*Our client has owned the store since 2021 and is selling due to family commitments.

LOCATION:
*Situated in a bustling and high-traffic area of Smethwick, the store enjoys a steady stream of local residents and footfall.
*The store is well presented and maintained.

THE OPPORTUNITY:
*Weekly Turnover of £8,000- £9,000
*Low Rent
*Average gross margin 30% - 35%
*Current owner happy to offer a handover to ensure the continued success

TURNOVER:
*We have been advised by our client that the turnover is £8,000- £9,000 per week on average. This excludes lottery and any other commission services. Lottery commissions are approximately £100 per month.

TRADING HOURS:
* Monday - Sunday - 7:00am to 10:00pm

INTERNAL:
*The store is in great condition and offers the customer a good experience with well laid out shelving, large fridges and freezers and a wide variety of products stocked.

TENURE:
*The site is offered by way of assignment of the existing lease with 3 years remaining and is a renewable lease.

STAFF:
*The store is owner run with the help of one full time staff member.

SHOP FLOOR PLAN:
*Ground floor - Shop sales area
*Staff WC

RENT:
*The rent per calendar month is £1,300.

BUSINESS RATES:
*We have been advised by our clients that there are no business rates payable.

LEGAL COSTS:
*Each party to be responsible for their own legal costs in connection with the sale.
*Landlords Legal fees are the buyer responsibility.

Fixtures and Fittings:
*The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
*All equipment and fixtures are well-maintained and up-to-date, ensuring smooth operations.

Regulatory:
*Premises license

Viewing arrangements:
*Mailbox Estates highly advise early viewing to avoid disappointment.
*Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT'S STAFF

DEPOSIT
*Successful Applicants will be required to pay a non-refundable deposit.

Read more

Contact Agent

Contact the seller for more details, or book a viewing

Stay Safe

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

Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

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.

Stay Safe

Send a test amount before you consider handing over a large amount 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.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

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.

Stay Safe

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.

Stay Safe

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.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Convenience Store with very good turnover - CS022444smet / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.