CONVENIENCE STORE UPMARKET VILLAGE. WALSALL AREA

Price:

Freehold - £380,000
Leasehold - £175,000

Turnover:

Seller Ref:

GOT26796K

Location:

West Midlands

Business Type:

Retail businesses

See Other:

Convenience stores for sale in West Midlands
Off licences for sale in West Midlands
Newsagents for sale in West Midlands
Retail businesses for sale in West Midlands

Description:

THE BUSINESS:

Well Fitted & Presented Throughout
Taking £14.000 per week plus Commission Income
Desirable Trading Location in Nice Area
Same Owner Since 2001
3/4 Bedroom Accommodation
Freehold Price £380.00
or Leasehold Price £175.000

Description and Trade:
Situated in a nice private residential area in an upmarket village between Walsall and Lichfield. The semi detached property and business has the benefit of a car park to the front for several vehicles.
The trade is that of general groceries. news and off licence products. household lines etc. It is also a National Lottery outlet.

Premises:
The modern. colour coded. attractively presented and spacious Sales Area (c.640 square feet) has fully fitted wall and double sided gondola shelving and news display racking.
Fixtures and fittings include two runs of self serve refrigerated shelving. chest freezer. ice cream freezer. three greetings card display stands. and serveover checkout with cash register.
Leading to a nice Lounge/Dining Room (5.0m x 3.8m) with a Shower Room off.
To a Stock Room.

Accommodation:
The very nice self-contained accommodation is centrally heated and double glazed comprising
GROUND FLOOR: lovely fitted Kitchen.
FIRST FLOOR: Lounge (or Bedroom 4) 4.0m x 3.6m; Bedroom 1 double; Bedroom 2 double; Bedroom 3 single; Bathroom.

Comments:
A superior business that has been in the present owner?s hands since 2001 and is now only on the market due to poor health and retirement plans.

Our Client Informs Us That:

Takings and Profitability:
Retail takings are around £14.000 per week with a gross profit margin in excess of 20%.
There is extra income of about £10.000 per annum from National Lottery and Payzone commissions.
The weekly newsbill at cost is £1.100/£1.200. having 3 am. 4 pm. and 3 Sunday newsrounds.

Trading Hours:
5.00am 9.00pm Monday to Saturday
6.00am 8.00pm Sunday

Price and Tenure (to include fixtures & fittings):
Freehold £380.000 plus stock at valuation
OR
Leasehold £175.000 plus stock at valuation. A new lease will be issued at a commencing rent of £16.000 per annum for the business and accommodation.

Accommodation:

Yes