Business for Sale in Wolverhampton, West Midlands - CONVENIENCE STORE IN WEDNESFIELD, WEST MIDLANDS - Leasehold: £35,000

Key Information

Ref
GOT34314K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£5,000 Ex Vat
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Retail Takings Around £5,000 per week, plus Services

Plenty of Scope to Introduce Alcohol Sales

Leasehold Price £35,000

CORPORATE DISPOSAL

Description and Trade:

An established Convenience Store offering a selection of groceries together with confectionery, newspapers and magazines, benefiting from being a Lotto and E Top-Up outlet. Operating from well fitted and equipped to include a host of refrigeration equipment and abundance of display shelving.

Premises:

The Business is situated on a main road in a parade of shops and has easy car parking for customers.

The Shop (around 425 sq. ft.) has a tiled floor. It is bright and well-fitted for the trade with cold cabinets, chilled drinks cabinets, freezer displays. Checkout counter.

Stock Room and Kitchen on the ground floor.

On the Upper Floor: Office; secure Tobacco Store; Storage Room; Staff Room/Office; w.c.

Business:

An established business operated by the McColl's Retail Group, operating as a Convenience Store/Newsagents, retailing groceries, confectionery,tobacco/cigarettes, newspapers and magazines,, crisps, snacks, soft drinks, the shop benefits from being a Lotto and E Top-Up outlet.

Comments:

The sale of this McColl's store provides an opportunity to acquire modern well fitted and equipped retail premises. An established business lending itself to improvement in the hands of new owner operators.

This store does not sell any alcohol related products, so there is considerable potential for a new owner to expand the business (subject to required alcohol licence).

Takings and Profitability:

The Business achieves average retail takings of around £5,000 per week (ex services).

Commission Income is earned from the sale of National Lottery tickets, external ATM machine, E Top- Ups and electronic payments services.

Staff:

This is a company owned store, and the staff are to be retained by a new owner.

Tenure:

The Premises are held on a lease until November 2022. Rent payable is around £9,250 per annum.

Price:

£35,000 plus stock at valuation for the Lease, Business, Fixtures and Fittings.

Copyright © EM & F Group Limited 2019 - Company No: 03035561 - VAT: 631 4000 02