Convenience Stores for sale in Sedgley

View the "Freehold Convenience Store West Midlands" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

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S Martin (Feb 2013)
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Freehold Price: £369950 Leasehold Price: £49950 Annual Turnover: £312,000 Annual Gross Profit: £60,000
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Business Description
Convenience store for sale with wines & spirits and the Lotto and with great scope for an owner worker to significantly increase the present turnover. The business is operated entirely under management and is being sold due to the owners other business interests. Sales average £6,000 per week with a gross profit yield in the region of 19%. Further income from Payzone and the Lottery of £80 per week and with a newsbill of £1,000 at cost with 4 evening rounds. Hours 7am to 8pm Monday to Friday and 8am to 8pm Saturday & Sunday. The business is for sale with the Freehold property which includes 1,000 sq.ft ground floor shop with stock room and WC and with two separate entrance self contained 2 bedroom gas centrally heated flats with a combined income of £11,400 per year plus income from 2 garages of £960 per year. The business is also for sale at £49,950 with the ground floor shop secured on a new lease with a rent of £10,000 per year or with one flat at a higher rent. Located in a very desirable residential area with excellent schools close by.
Trading Hours:

7.00am to 8.00pm Monday to Friday and 8.00am to 8.00pm Saturday & Sunday

Number of Employees: 5 Part time staff

Tenure: Freehold, Leasehold

Location Details:

The property is located between Wolverhampton & Dudley in the West Midlands

Leasehold Term:

A new lease is available for the ground floor only terms negotiable with a rent of £10,000 per year

Listed by: Hurdley and Co
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