Convenience Stores for sale in Wolverhampton

View the "MODERN NEWSAGENTS CONVENIENCE STORE IN WOLVERHAMPTON" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £95,000 Annual Turnover: £572,000
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Business Description
Good Trading Location within a Parade of Shops

High Takings £11,000 per week

Plus High Commission Income around £13,500 per annum

Includes Self-Contained Flat with Rental Income

Leasehold Price £95,000

Description and Trade:

Situated in a residential area within a busy parade of shops, this attractive Newsagents & Convenience Store sells General Groceries, Newspapers & Magazines, Beers, Wines and Spirits, Greetings Cards and Sundry Lines.

Considerable Commission is earned from the sale of National Lottery Tickets and PayPoint electronic payments service.

Above the Shop is a self-contained Flat with two bedrooms which is sub-let and generating £6,000 per annum in rental income.

 

Premises:

The modern Sales Area (around 600 sq. ft.) is fitted out to a very high standard having a suspended ceiling and air conditioning unit.

Fixtures and fittings include: modern wall and gondola display shelving, ice cream freezer, chilled drinks cabinets, news & magazine display shelving, greetings cards displays, checkout counter with EPOS cash registers.

Rear Stock Rooms, Kitchen and w.c.

The Shop is protected by front roller shutter and a CCTV system.

Accommodation:

Above the Shop is a self-contained Flat with two bedrooms (the flat was not inspected at the time of our visit).

The Flat is sublet and generating rental income of £500 per month (£6,000 per annum).

Comments:

A super Newsagents and Convenience Store with high sales and high Commission Income. This business was established by the present owner around December 2013, and is a very profitable store.

Trading Hours:

6.30am – 8.00pm Monday to Thursday.

6.30am – 9.00pm Friday & Saturday.

7.00am – 6.00pm Sunday.

Our Client Informs Us That:

Takings:

Retail takings are around £11,000 per week, with Gross Profits estimated to be between 16% and 18%.

There is additional commission income of around £13,500 per annum from the sale of National Lottery Tickets, and PayPoint electronic payments service.

The Weekly Newsbill is around £2,200, with news delivery rounds in operation.

Staff:

The Business is operated by family members with the help of four part-time assistants.

Tenure:

The Premises are held on a ten-year lease. Present rent payable is £18,000 per annum with 5-yearly review dates. However, if the rental income from the Flat is taken into account the net rent payable is £12,000 per annum.

Price:

£95,000 plus stock at valuation for the lease, business, fixtures and fittings.

 

Tenure: Leasehold

Listed by: Everett Masson and Furby
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