Dudley Convenience Store with 4 -Bed Accommodation and Parking Available for Sale
Dudley, West Midlands
- Status
UNDER OFFER
- Advert ID
656022
- Reference
£10k Dudley shop with large accommodation / Rightbiz
- Call Agent:
- Leasehold: £179,950 (Stock at valuation)
- Rent: £19,800 (£1,650 per month)
- Turnover: £520,000 (£10,000 per week)
- Profit: On request
Key Features
- Potential for business growth
- Customer-friendly shopping environment
- Established business reputation
- High foot traffic location
Business Details
£10k per week Dudley Conv Store with large 4 bedroom accommodation, huge potential to increase sales
Dudley convenience store with accommodation
Leasehold: Asking Price £179,950 Rent £19,800 per annum.
Weekly sales circa £10,000
Own private car park for the store
Relied upon by the local community
Higher than average profit. GP is 30% - 35%
A large four -bedroom flat with fitted wardrobe's and fully furnishes
Energy Rating D
A leasehold convenience store located upon a busy road in a nice area of Dudley West Midlands. This business is fitted to a good standard and has all the extras you would expect from a convenience store including chillers, freezers, ice cream fridge, shelving, gondolas, etc. A rare opportunity to acquire a longstanding and established off licence and convenience store.
This site has a space for storage in the rear, along with a large and spacious 4 double bedroom flat in the back and above the store with a separate entrance outside from the front, with fitted wardrobe's and fully furnished. The site is managed by the owner and part-time staff. This convenience store has huge potential to increase sales with onsite management and with someone that wants to put their energy into boosting the sales by introducing new ideas such as hot meals, meal deals, hot drinks, slush, parcel service and possibly a post office and more. The shop currently closes at 8pm with a licence to 11pm so an easy opening of a further three hours a day to help increase alcohol sales. The vendor runs no offers or promotions.
This would be ideal as a family run store, or it would suit a hand’s on multi store operator. This site is missing a popular symbol group and monthly promotions and offers to boost the sale. Close to schools it gets school children trade too.
Location This property is on a busy road in Dudley West Midlands. The site benefits from being surrounded by a huge residential area, school and also benefits from passing trade and huge footfall.
Internal Details The store is equipped with all required chillers, freezers, shelving and gondolas. The business sells a full range of products as would be expected for a convenience store, including, alcohol, tobacco, confectionery, and general items of convenience. This business has PayPoint and lottery.
External Details The business benefits from having a private off road parking for just the store itself.
Fixtures & Fittings We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.
The Opportunity
This local convenience store is relied upon by the local community. This business is fitted to a good standard and is being offered on a leasehold basis.
The business and rent include a huge three-bedroom flat above the store with a separate entrance, large living room, kitchen, bathroom and a rear garden which could be rented out separately. The rent could be quite high as the area is in high demand.
Trading Information
Trading information shows average weekly sale of circa £10,000 per week.
Trading Hours
Monday to Sunday 06:00 – 20:00
Regulatory
Premises Licensed
Business Rates
The current owner has advised that the store benefits from some relief from small business rates. Purchasers however should make their own enquiries with the relevant local authority.
Viewing
No direct approach may be made to the property. For an appointment to view please contact the agent.
Commercial & Business Sales
Tel: 07935966270
Email: [email protected]
Contact Agent
Map
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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.
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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.'.
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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.
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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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Contact seller
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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