Convenience Stores for sale in Wolverhampton

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Convenience & Off Licence Store With A Renowned Reputation

Wolverhampton, West Midlands, England

  • Leasehold Price: £39,999
  • Turnover: £218,400
Seller Reference: B05768
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Business Description
 
 
 
 
 
 
 
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Seller Reference: B05768
Request Details
Business Description
Business
Quote Reference B05768

Hilton Smythe are pleased to have been given the opportunity to manage the sale of The Pink Shop which is a well-established Convenience and off Licence store with a renowned reputation amongst residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.

There has been a village shop at this location for almost a hundred years, the current owner has run it as The Pink Shop for the last 18 months or so and the business has been a real labour of love for him, enjoying many new customers and a burgeoning reputation whilst under his ownership.

Alas this nice little business is now being sold, albeit reluctantly and with a heavy heart only due to the vendors wish to pursue a change of direction, he is keen to see his beloved convenience store pass to an ambitious and entrepreneurial new owner who can take it to the next level.

The Pink Shop which can be truly said to be at the heart of the local community, is well stocked and offers a range of products to be sold such as;


  • Tobacco and Vaping.

  • Crisps and snacks.

  • Confectionery.

  • Beers, wines and spirits.

  • Soft drinks.

  • Ice creams.

  • General groceries.

  • Household items.

  • The business offers a pay point facility and has recently become an agent for Lotto.


Reasons to Buy:


  • A well-established business with an enviable reputation and many existing customers.

  • Low running costs with inexpensive rent and no business.

  • All fixtures and fittings included making this a real Turnkey business opportunity.

  • Ideal owner managed or partnership business.

  • Current owner happy to offer a handover to ensure the continued success.

  • Little or no competition locally.

  • Priced to sell.


Hilton Smythe highly advise early viewing to avoid disappointment.

This lovely little business is likely to attract considerable interest.

Location
The Pink Shop is in Albrighton.

Albrighton is a large village and civil parish in Shropshire. It is located 7.5 miles northwest of Wolverhampton and is best described as a dormitory village for the city. It is 11.3 miles from Bridgnorth. The village has a railway station, which is on the Shrewsbury to Wolverhampton line. Very close by is RAF Cosford and the M54 motorway.

The Pink Shop occupies a prominent position in the centre of the village. The business is nicely presented and maintained with clear visible signage and distinctive pink livery. There is free on street parking immediately outside the premises.

Premises
The Pink Shop occupies the ground floor of a detached, period style building, is nicely presented and maintained and briefly comprises:

Shop;

Windows and glazed door to front creating a light, airy and inviting interior, tiled floor, fluorescent lighting, perimeter shelving, open dairy chiller, glass topped food freezer, ice cream freezer, confectionery shelving, bespoke counter with generous wrapping area, card machine, till and lotto machine, metal crisp racking to front, long open drinks chiller, 7 camera CCTV System, monitored alarm system, greeting card carousel.

Kitchenette;

Door to WC, glass topped chest freezer, base units, stainless steel sink and drainer with Triton water heater.

Stockroom;

Generous stockroom with Dexion type shelving, fluorescent lighting.

Tenure
We are advised that The Pink Shop is being sold as a leasehold business opportunity.

The existing lease has approximately 3 ½ years remaining and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.

The current rent is £5700 per annum which is reasonable given the size and location of the premises.

We are advised that the business benefits from being exempt from business rates.

Hours
Monday to Thursday 09.00 – 20.00

Friday and Saturday 09.00 – 21.00

Sunday 10.00 – 16.00

Staff
The business is run and managed by our client with the help of 2 part time members of staff.

Financial Profile
The Pink Shop generates an advised current turnover of circa £219,000 per annum but it needs to be appreciated that the vendor is currently running at a pace to suit and the business has enjoyed higher turnover previously. For further information please quote reference B05768.

Tenure:
Leasehold
Listed by:
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