Established Convenience Store with Generous 4 Bedroom Accommodation – Great Investment

Freehold Convenience store in Residential area with Generous Sized four-bedroom family home.

Mailbox Estates offers a remarkable property opportunity to acquire a period four-bedroom detached family home based in Wolverhampton including a Convenience store for first time buyers or either an investor.

Reason for sale
•Our clients are selling due to other business interests.

The opportunity
• Impressive 25% average gross profit.
• Ideal owner managed or family business
• Ideal trading position on a busy street and ample car parking nearby
• Freehold Opportunity with no business rates
• Current owner happy to offer a handover to ensure the continued success

Location
• Diverse Population: The area has a mix of young professionals, families, and retirees, providing a broad customer demographic.
• The store is well presented and maintained, with clear visible signage.
• The location is surrounded by a mix of terraced and semi-detached homes, providing a loyal customer base.

TURNOVER
* We have been advised by our client that the counter sales on average are £4,500 - £5,000 per week with 25% margins and huge scope to increase by increasing product range or trading hours.

OTHER INCOME RECEIVED
* £100 per calender month from the external billboard advertising.

TENURE
• The freehold is offered for sale.

TRADING HOURS
• Monday - Saturday 7:00am - 10:00pm
• Sunday 8:00am - 9:30pm
The store is licensed to operate from 5:30am.

Staff:
• The business is run by the owners so there is no staff to transfer.

EXTERNAL
• On street parking available outside the property and a Pub car park adjacent.
• Large garden shed and paved patio area for outdoor entertaining.

Accommodation
Included in the sale is a rear living room leading to a kitchen and washroom on the ground floor. Internal access to the first floor leads to a landing area, with a secondary entrance located on the side of the property. The upper floor comprises four generously sized bedrooms and a family washroom.

The rental income is £1,300 per calender month from the accommodation.

Ground floor plan
• Ground floor - sales area of approximately 68 sq. metres. (720 Sq. ft.)
• Spacious dining room with ample space for family gatherings.

Business Rates:
• £0 council tax per year. ( small business rates relief )
• Purchasers should enquire with relevant local authorities to confirm the rates payable.

Legal costs
• Each party to be responsible for their own legal costs in connection with the sale.

Fixtures and Fittings
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

Regulatory
* Premises licence

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.