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Freehold Convenience Store and Post Office Plus 2-Bed Flat in Wolverhampton

Wolverhampton, West Midlands
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FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT Photo 1
FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT Photo 2
FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT Photo 3
FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT Photo 4
FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT Photo 5
FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT Photo 6
FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT Photo 7
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FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLATFREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLATFREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLATFREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLATFREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLATFREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLATFREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT
  • Status

    FOR SALE

  • Date Submitted:

    09/02/24

  • Advert ID

    606551

  • Reference

    CS0225DOVE / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £449,950 (Stock at valuation)
  • Turnover: £336,000 (£6,462 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited
  • Adjacent to Multiple Retailers
  • Fully Fitted
  • Prime Location
  • Accounts Available
  • High Turnover
  • Close to Local Amenities
  • Large Business for Sale
  • Ideal for Full Refurbishment
  • Attractive Business
  • Established Business
  • Unique Business

Business Details

FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT

Mailbox Estates present a unique opportunity to purchase a long standing freehold Convenience Store and Post Office, with accommodation, situated in a prime trading location of Wolverhampton.

The shop trades as a traditional convenience store offering a full range of general groceries, beers and wines, greetings cards, news and magazines.

The Post Office provides banking, car tax, foreign currency and the usual Royal Mail / Parcelforce mail and parcel services, Amazon and DPD.

Our client has been granted planning permission in July 2023 from the council to extend the store from the rear. This provides an opportunity for an entrepreneur to extend the shop floor even more, to increase product range, revenue and the value of the property. 
Further information will be provided upon request.

REASON FOR SALE:
*Our clients have other business committments and are now offering the freehold for sale.

THE OPPORTUNITY:
* Planning permission has been granted and approved by the council for the extension of the store
* Post Office includes guaranteed income
* Accommodation available for owners / staff OR can be rented for an extra source of income
* Ideal owner managed or family business
* Freehold property

LOCATION:
*Large semi-detached property occupying a highly prominent corner trading position on a busy main road in Wolverhampton. 
*The store sits on a parade with other neighbouring commercial businesses such as a Pub, Fish and Chip Shop and Dental practice so benefits from the footfall.

TURNOVER:
* We have been advised by our client that the retail sales are £5,500 per week on average with an impressive 30% margin.
There is huge scope to increase this by increasing product range or extending the trading hours.

POST OFFICE:
*There are three Post office counters in total and the annual remuneration is circa £50,000.

GROUND FLOOR PLAN:
* Ground floor - sales area of approximately 62 sq. metres. (667 Sq. ft.) and is offered in good condition.
* Kitchenette 
* Staff W.C

ACCOMMODATION:
Approx. 68sq m (731 sq ft) with separate access to the rear with a staircase leading to the entrance front door 
*Fitted kitchen with utility area
*Entrance hallway
*Reception room.
*Two x 2  double bedroom with fitted wardrobes
*Family bathroom.
*Double Glazing and Gas central heating

*The accommodation is currently tenanted but can be vacant upon possession.
*Currently tenanted with rental income of £750 per calendar month.

SHOP TRADING HOURS:
*Monday - Saturday 7:00am - 8:00pm
Sunday 8:00am - 5:00pm

POST OFFICE:
*Monday-Saturday Friday 7:00am - 8:00pm
*Sunday -Closed

*The store operates on very convenient trading hours and can be extended, licenced until 11:00pm.

STAFF:
*The business is owner operated, with 1 Full time staff member and 1 Part time sales assistant.

TENURE:
*Freehold.

FIXTURES AND FITTINGS:
*The business is well-fitted throughout and a valuable inventory of equipment will be included in the sale.

EXTERNAL:
*The stock room has its own separate building to the rear of the property. 
*Delivery access to the rear of the property with direct access to the stock room.

BUSINESS RATES:
*Our client advises that the business fulfils the criteria for Rural Rate Relief and no business rates are payable. The accommodation is subject to residential council tax.

REGULATORY:
*Premises licence
*Post Masters licence

LEGAL COSTS:
*Each party to be responsible for their own legal costs in connection with the sale.

TRADING INFORMATION:
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.

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.

DEPOSITS
* 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 'FREEHOLD CONVENIENCE STORE, POST OFFICE WITH TWO BED FLAT - CS0225DOVE / 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.