Acumen business sales are informed that this excellent business opportunity offers a wide range of products for sale from snacks, newspapers, magazines, stationary and household essentials, to, alcohol, cigarettes and lottery. Furthermore, there is a post office service to the rear. Complaints are very rare as the owner is very focused on customer service.
Despite not maintaining an online presence, or utilising social media, the business has grown substantially in recent years. Acumen Business Sales limited are excited by the potential of growth in the business which has not been exploited due to the owners other business interests. The business still has a huge amount of potential for a larger company expanding to introduce further products for sale in order to maximise profit on individual sales. Also there is potential to expand an already very large sales area. The business is well established and the success is largely due to the location, sales space and quality of customer service.
The business is situated on a corner plot on a main arterial road, with an attractive glass front signage. And a stand alone detached property with two 2 bedroom flats above. The retail space measures 256 meters squared, fully secure with CCTV.
To the rear of the Property is staff kitchen, large storage area, fully integrated ,staff toilets, and main office. In addition, there is a gated loading bay for all deliveries,
providing up to 8 parking spaces for customers. However the front of the property can be open to provide a further 4-5 spaces.
Due to the nature of the business, all fixtures and fittings currently residing in the property will be included. Any equipment leased from our franchisee will not be included, i.e. PC , printer, ordering systems etc.
The Present turnover equates to £964,398 per annum, with an adjusted net profit of £50,000, with a post office salary of £50,350. The business is estimated that within three years the business will reach a potential turnover of £1.3 million, with an adjusted net profit of £100,000. The fixtures and fittings which are included in the asking price are valued at £80,000. The concern is operated by the owner with the help of 13 members of staff. The wage bill totals £104,958 per annum.
The net profit totals £100,350.00, which includes a post office salary of £50,350.00 per annum.
Number of Employees:
The concern is operated by the owner with the help of 13 members of staff. The wage bill totals £104
Tenure: Freehold, Leasehold
Acumen Business Sales London are delighted to place onto the market this well established newsagents, off license and post office based in Dudley, the West Midlands. It is located within a densely populated, residential area and attracts a large amount of locals and repeat custom. The business is situated on a main road location with excellent passing trade, easy access to the M1 and M69.
The business for sale is available as either freehold or leasehold. Our client owns the freehold and is open to negotiation in regards to the length of the lease. The rates are £8686 per annum.
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