Thriving One-Stop Franchise in Wolverhampton with Flats and High Turnover for Sale
Bilston, West Midlands
- Status
FOR SALE
- Advert ID
628856
- Leasehold: £180,000 (Stock at valuation)
- Rent: £11,400 (£950 per month)
- Turnover: £530,000 (£10,192 per week)
- Net Profit: On request
Key Features
- High Turnover
- Offers Invited
- Small Business
- Fully Fitted
- Accounts Available
- Prime Location
- Attractive Business
- Established Business
Business Details
One Stop Franchise for sale in Wolverhampton
A unique opportunity is available to acquire a fully fitted and refurbished convenience store in Bilston, Wolverhampton. This business stands alone as the only convenience store in its parade, strategically located next to a takeaway, which significantly contributes to evening foot traffic. The store boasts a commendable weekly turnover of approximately £10,000.
The convenience store is offered with an annual rent of £26,000. Above the shop, there are two flats that generate an income of £14,400 annually. Consequently, the net rent payable for the shop amounts to £11,600 per annum, or £950 per calendar month. The shop's amenities, including Paypoint, Payzone, Lottery services, and an Evri Parcelshop, effectively cover its rental costs.
Business expenses include rates of £104 per month. With no local competition, this shop's prime location enhances its appeal. The current operating hours are from 7 A.M. to 8 P.M., but there is a viable opportunity to increase the turnover by extending these hours and expanding the range of products available. Recent additions of Just Eat and Deliveroo services further enhance the business's potential.
Established 20 years ago, this shop benefits from a long-standing presence in the area. The reason for sale is relocation, making this an exceptional opportunity for an aspiring business owner.
As a leasehold opportunity, the asking price is available upon request, and the business currently records a turnover of £530,000. The annual rent stands at £11,400. Interested parties will be provided with available accounts to review. Fixtures and fittings are included in the sale price, adding value to this attractive business proposition. Offers are invited for this high turnover, centrally located business, offering growth potential in the vibrant community of Wolverhampton.
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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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