Convenience Stores for sale in Walsall

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Popular Licenced Convenience Store In Walsall

Walsall, West Midlands, England

  • Leasehold Price: £34,995  Price Reduced arrow_drop_down
  • Annual Turnover: £273,750
  • Annual Gross Profit: £54,750
Seller Reference: 6456
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Business Description
 
 
 
 
 
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Seller Reference: 6456
Request Details
Business Description
3,000 sq ft Retail Space
Projected Turnover £273,750
Projected Gross Profit £54,750
Located on Busy Shopping Parade
Scope To Reintroduce Lottery & Scratch Card
Demand For Introduction Of Post Office
Family Run Business
16 Point CCTV System
Free Car Parking
EPC - D
REF 6456 – Leasehold Convenience Store

Blacks Brokers are pleased to bring to the market this leasehold supermarket located in a busy and densely populated area of Walsall Wood, Walsall.

INTRODUCTION

Costcutter has been trading since 2018 when our client took ownership – previously this trading position was occupied by a supermarket for many years. The shop offers a vast range of supermarket products and goods at competitive prices.

LOCATION

Costcutter is positioned well within a busy neighbourhood shopping centre location. Other shops in the area are complementary including a clothes shop and restaurant. Parking is available immediately outside and the area is densely populated with residential properties.

REASON FOR SALE

Costcutter is only being offered for sale due to our client’s other business commitments.

LEASE

The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is 3 years and began in 2018 at a cost of £452 per week.

BUILDING LAYOUT AND DESIGN

Costcutter is housed within the ground floor of a 3,000 square foot retail unit which is positioned within a busy shopping parade. The business is well branded with large, electronic signage displayed to the front of the shop with large main entrance and cash machine to one side. Inside, the shop is well presented with tiled flooring throughout and a typical supermarket, aisle layout with stock displayed on wall shelving, central gondolas and within display fridges and freezers as required. To the rear is a large store room, private office, staff kitchen and toilet. There is also a fully equipped bakery, cool room and freezer room. All areas are presented well with good quality fixtures and fittings in place.

STAFF

Costcutter is currently operating with five members of family in employment in addition to our client.

FINANCIAL DETAILS

We are advised that Costcutter generates an annual turnover of £350,000 and strong gross profits of £150,000.

BUSINESS RATES

The annual rates payable are £7,000

SUMMARY

Costcutter is newly-established and has gained already a large base of repeat customers. The business has good relationships in place with suppliers. This proposition would ideally suit an owner-operating team able to continue to drive this business forward. Early viewings are strongly advised. Fixtures:
Double Sided Display Gondolas

Bakery System

Large Walk in Chiller

Large Walk in Freezer

2 EPOS Tills

National Lottery

Paypoint

External ATM

Large Display Chiller

CCTV 16 cameras
Trading hours:
Mon - Sun - 7am - 10pm
Tenure:
Leasehold
Location Details:
Walsall
Leasehold Term:
£452 Per Week
Listed by:
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