Thriving Convenience Store With Post Office for Sale | £12k–£15k Weekly Sales | 3 Bed Accommodation

Well-Established Off Licence – £12,000 - £15,000 Weekly Takings – Prime Residential Location

Full description:

Mailbox Estates is delighted to offer a fantastic opportunity to acquire a well-established and highly profitable Off Licence located in a residential area in Wolverhampton.

With an impressive weekly turnover of between £12,000-£15,000 and £1,550 post office commission, this is a turnkey business with significant scope for further growth through branding, product range enhancement, and extended services.

REASON FOR SALE:
After 25 years of successful ownership, our client has made the decision to retire, presenting a rare opportunity to acquire this well-established and profitable business.

THE OPPORTUNITY:
-Residential Location
-Ideal for new entrants or existing operators
-Nil business rates
-Further income could be generated by increasing the post office opening hours

LOCATION:
- The store enjoys an excellent location on a busy main road upon local bus routes attracting significant traffic.
-The surrounding residential area provides a strong customer base, creating high footfall.

TURNOVER:
- We have been advised by our client that the weekly counter sales on average are between £12,000 to £15,000. In addition to this, the post office generates circa £1,550 in commission per month.
- This is solely over the counter sales and NOT including services

INTERNAL:
-The ground floor of the premises boasts a large retail sales area with a stock room/W.C. and is offered in excellent condition.
-CCTV

EXTERNAL:
-The store is well presented and maintained, with clear visible signage
-The shop has parking on a residential street directly outside offering convenience for customers

STAFF:
-The business is run and managed by the owner and his wife and one part-time staff for the post office with an additional part-time staff for the shop

TENURE:
- The business is being offered for sale by way of an assignment of a new renewable lease of up to 20 years

TRADING HOURS:
-Monday - Sunday - 6am to 10.30pm

FIXTURES & FITTINGS:
-The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

RENT:
- The annual rent of the business is £18,200
 

RATES:
-£0 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
-Landlord's legal fees are the buyers and sellers responsibility and are to be shared equally.

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

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

VIEWING ARRANGEMENTS:
-Important: Discreet customer visits are encouraged, but DO NOT approach the vendor or staff directly.

For more details or to arrange a viewing, contact Mailbox Estates today.

The information shown for the business is based on a site assessment and financial documentation provided to us, Mailbox Estates, by the vendor. We have been informed by the vendor that the financial information provided to us is correct and reliable at the time of marketing. We, Mailbox Estates, cannot accept liability as to the accuracy of this information and advise any interested parties to make their own enquiries in order to satisfy themselves that all information provided, particularly financial information, is satisfactory before making any commitment to purchase the business.

All information provided is subject to the standard terms and conditions of Mailbox Estates