CONVENIENCE STORE IN PENN, WOLVERHAMPTON

Well Fitted & Presented Shop

Nice Residential Area

Same Owners Since 2006

2 Bedroom Self Contained Accommodation

Freehold £199,500 or Leasehold £44,950

Description and Trade:

Situated in a local parade of shops in a nice residential area this double fronted store has a wide forecourt and unrestricted roadside parking for customers.

The trade is that of general groceries, news and off licence products etc. It also has the benefit of being a National Lottery outlet.

Premises:

The attractively presented and well fitted Sales Area (c.450 square foot) has terrazzo type flooring and is fully fitted with wall and double sided gondola shelving and news display racking. Fixtures and fittings include four double and one single upright drinks chillers, ice cream freezer, chest freezer, serveover checkout with cash register etc.

Leading to a Kitchen and separate w.c facilities.

To the rear is an enclosed yard with a Storage Shed.

Accommodation (not inspected by the agent):

The self-contained accommodation is double glazed and centrally heated comprising: Lounge; Kitchen; Bedroom 1 – double; Bedroom 2 – single; Bathroom.

The accommodation is presently let for an income of £350 per month.

Comments:

A very well established Convenience Store that has been in the present owner’s hands since 2006. There is scope to increase takings, especially on Off License products, by opening later in the evening.

Our Client Informs Us That:

Takings and Profitability:

Retail takings are around £5,000 per week. There is extra income of about £3,000 per annum from commissions ie lotto etc.

The weekly newsbill at cost is about £700.

Trading Hours:

6.30am – 8.00pm Monday to Saturday

7.30am – 6.30pm Sunday

Staff:

The business is husband and wife operated without the need for staff.

Tenure & Price:

£199,500 plus stock at valuation for the freehold property, business, fixtures and fittings.

OR

£44,950 plus stock at valuation for the lease, business, fixtures and fittings, at a commencing rent of £12,000 per annum for the business and accommodation, or £8,000 per annum for the business only.