Business for Sale in Cannock, Staffordshire - CONVENIENCE STORE & OFF LICENCE IN HEDNESFORD, CANNOCK - Leasehold: £55,000

Key Information

Ref
GOT33762K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£5,500 Ex Vat
Accomodation
3 Bedrooms
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Very Well Presented Shop, around 460 sq. ft. Sales Area

Prominent Corner Trading Position in a Residential Area

Taking £5,500 per week

Plus Commission Income From Lotto, ATM, PayZone, Parcel Service

Relatively Low Overhead Costs

Includes Living Accommodation with 3 Bedrooms

Leasehold Price £55,000

Description and Trade:

A long established Convenience Store and Off Licence situated in a prominent corner trading position. This Business has been in the current owners’ since 2010 and enjoys a consistent trading history selling General Groceries, Beers, Wines and Spirits, Newspapers and Magazines and Greetings Cards. Substantial Commission Income is earned from the sale of National Lottery tickets, in-store ATM, PayPoint and PayZone electronic payments services and a Parcel Handling Service.

Premises:

The modern and well-fitted Sales Area (around 460 sq. ft.) has a suspended ceiling and tiled floor, fully fitted wall and double sided gondola shelving. Fixtures and fittings include chilled drinks cabinets, chest display freezer, ice cream freezer, checkout counter with cash register.

To the rear is a Stock Room, and a Yard with Garage and car parking space.

The Premises are protected by security shutters to front windows.

Living Accommodation:

On the Ground Floor: Hallway; Dining Room; fitted Kitchen and Shower Room/ w.c.

On the Upper Floor: large Lounge; large Bathroom; Two Double Bedrooms; Single Bedroom.

The living accommodation is centrally heated and double glazed.

Comments:

An opportunity to acquire a very well-established and well-presented Convenience Store with low overhead costs high a consistent trading history.

Our Client Informs Us That:

Takings and Profitability:

The Business is taking around £5,500 per week.

In addition substantial commission income of around £8,000 per annum is earned from the sale of Lotto tickets, fee paying ATM, PayPoint and PayZone electronic payment services and a Parcel Handling Service.

Trading Hours:

7.00am – 9.00pm Monday to Friday

8.00am – 8.00pm Saturday & Sunday.

Staff:

The Business is operated by family members.

Tenure:

The Premises are held on a renewable lease until 2022. Present rent payable is just £10,400 per annum (£200 per week) for the shop and accommodation with 5-yearly review dates.

Price:

£55,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

Copyright © EM & F Group Limited 2018 - Company No: 03035561 - VAT: 631 4000 02