Convenience Store and Post Office for Sale in Cannock Staffordshire
Cannock, Staffordshire
- Status
FOR SALE
- Advert ID
656142
- Reference
NWP8152 / Rightbiz
- Call Agent:
- Leasehold: £300,000 (Stock at valuation)
- Rent: £36,000 (£3,000 per month)
- Turnover: £936,000 (£18,000 per week)
- Profit: £37,500 (5% Profit margin)
Business Details
CONFIDENTIAL SALE Established Store & Post Office Business Cannock, Staffordshire
Contact -Nationwide Properties Commercial
Email or WhatsApp only:
WhatsApp: 07387 187868
Email: [email protected]
Genuine interested parties can contact us by email or WhatsApp for further information and to arrange a confidential discussion.
Established Convenience Store & Post Office for Sale – Cannock, Staffordshire
Asking Price
£300,000
Business Type
Convenience Store / Retail Business / Post Office
Tenure
Leasehold
Location
Cannock, Staffordshire
Exact location withheld due to confidentiality.
Business Overview
A rare opportunity to acquire an established and well-positioned convenience retail business with an associated Post Office operation in Cannock, Staffordshire.
The business is offered for sale on a strictly confidential basis and represents an excellent opportunity for an owner-operator, family business, experienced retailer or investor looking for an established trading operation.
The sale includes the goodwill of the business, fixtures and fittings, with stock available at valuation.
The Post Office operation is included, subject to the relevant transfer and approval procedures.
Key Financial Information
Reported weekly turnover: Approximately £18,000
Reported Post Office commission: Approximately £37,500 per annum
Annual rent: £36,000
Shop Size:
Ground Floor: Approximately 3,492 sq ft
First Floor: Approximately 3,330 sq ft
Reported business rates: Approximately £6,000 per annum
Number of employees: Approximately 14 staff, comprising a mix of full-time and part-time employees, with the majority being part-time staff.
The current owner is heavily reliant on the experienced staff due to personal circumstances, and the business is therefore largely operated on a day-to-day basis by the existing staff members. This may offer an attractive opportunity for a more hands-on owner-operator to become involved in the business and potentially further develop the operation.
All trading and financial information is based on information supplied by the seller and should be independently verified by prospective purchasers.
Leasehold Details
Leasehold opportunity comprising the ground floor shop and first-floor open space, suitable for storage and business use. The first floor is not a residential flat.
A 20-year extension to the existing lease has previously been indicated in principle, subject to formal landlord approval.
Rent reviews are reported to take place every five years.
Purchasers should satisfy themselves regarding all lease terms through their professional advisers.
Key Selling Points
Established convenience store business
Associated Post Office operation
Strong reported weekly turnover
Additional Post Office commission income
Prominent trading location in Cannock
Ground floor retail premises with first-floor accommodation
Established staff structure
Suitable for an owner-operator or family business
Potential opportunity for an experienced convenience retailer
Goodwill, fixtures and fittings included
Stock available at valuation
Confidential sale protecting the business and staff
Reason for Confidentiality
The precise address and further detailed trading information are withheld during the initial marketing stage in order to protect the confidentiality of the business, its staff and ongoing trading operations.
Further information will be provided to genuine interested parties following an initial confidential enquiry.
Viewing Arrangements
Viewings are strictly by prior appointment only.
Further financial information, business details and the precise location will be made available to genuine interested parties following a confidential discussion.
Contact
Nationwide Properties Commercial
Email or WhatsApp only:
WhatsApp: 07387 187868
Email: [email protected]
Genuine interested parties can contact us by email or WhatsApp for further information and to arrange a confidential discussion.
Website: www.nwpcommercials.com
Important Notice – Fees
A finder’s fee and/or administration fee may be applicable to the purchaser in connection with this sale. Further details will be provided upon enquiry.
Important Notice
This business advertisement is issued for marketing purposes only and does not constitute an offer, representation, warranty or contract. Information has been supplied by the seller and has not been independently verified. Interested parties should carry out their own investigations and professional due diligence regarding turnover, Post Office income, rent, business rates, lease terms and all other relevant matters. The sale is subject to contract and any required landlord or Post Office approvals.
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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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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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