Well-Established Convenience Store for Sale in Wolverhampton, West Midlands
Wolverhampton, West Midlands
- Status
FOR SALE
- Advert ID
623840
- Leasehold: £120,000 (Stock at valuation)
- Rent: £7,200
- Turnover: £364,000 (£7,000 Per week)
- Net Profit: On request
Key Features
- With Car Park
Business Details
Shop for sale
The convenience store, located in Wolverhampton, West Midlands, is a leasehold opportunity currently for sale. It boasts a prime location with high visibility signage, ensuring it attracts a steady stream of regular customers. An added advantage is the ample parking space available, making it convenient for shoppers.
This well-established business has been in operation for over five years and experiences no competition in the vicinity. With a current turnover of £364,000 and an annual rent of £7,200, the store has shown an increase in revenue over the past year. The store also benefits from its proximity to local amenities such as schools and restaurants, which further boosts customer traffic.
Inside, the store features a well-stocked and efficiently organized layout, offering a diverse range of products. Customers can find dedicated sections for snacks, drinks, and other essentials. The modern refrigeration units ensure beverages and perishables are kept fresh. Additionally, there is a section specifically for alcoholic beverages, contributing to the comprehensive product offering.
The interior is well-maintained, with updated flooring and a general layout that enhances the shopping experience. Customers also benefit from the presence of a cash machine, adding to their convenience.
The store is run with the help of three employees. Although there is currently no online presence, the store continues to serve a loyal customer base effectively. For potential buyers, the asking price is available upon request.
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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.
Be safe, use a Rightbiz Solicitor
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