Overview
Description
Mailbox Estates present an opportunity to acquire a busy convenience store with a turnover of £8,000- £9,000 per week on average.
The business is derived from traditional convenience sales, including; alcohol, fresh, chilled and frozen foods, ambient grocery products, confectionery, snacks, soft drinks.
The store has built up an excellent reputation and there is so much potential that still can be done to the store with an experienced operator.
REASON FOR SALE:
*Our client has owned the store since 2021 and is selling due to family commitments.
LOCATION:
*Situated in a bustling and high-traffic area of Smethwick, the store enjoys a steady stream of local residents and footfall.
*The store is well presented and maintained.
THE OPPORTUNITY:
*Weekly Turnover of £8,000- £9,000
*Low Rent
*Average gross margin 30% – 35%
*Current owner happy to offer a handover to ensure the continued success
TURNOVER:
*We have been advised by our client that the turnover is £8,000- £9,000 per week on average. This excludes lottery and any other commission services. Lottery commissions are approximately £100 per month.
TRADING HOURS:
* Monday – Sunday – 7:00am to 10:00pm
INTERNAL:
*The store is in great condition and offers the customer a good experience with well laid out shelving, large fridges and freezers and a wide variety of products stocked.
TENURE:
*The site is offered by way of assignment of the existing lease with 3 years remaining and is a renewable lease.
STAFF:
*The store is owner run with the help of one full time staff member.
SHOP FLOOR PLAN:
*Ground floor – Shop sales area
*Staff WC
RENT:
*The rent per calendar month is £1,300.
BUSINESS RATES:
*We have been advised by our clients that there are no business rates payable.
LEGAL COSTS:
*Each party to be responsible for their own legal costs in connection with the sale.
*Landlords Legal fees are the buyer responsibility.
Fixtures and Fittings:
*The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
*All equipment and fixtures are well-maintained and up-to-date, ensuring smooth operations.
Regulatory:
*Premises license
Viewing arrangements:
*Mailbox Estates highly advise early viewing to avoid disappointment.
*Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT’S STAFF
DEPOSIT
*Successful Applicants will be required to pay a non-refundable deposit.
Leasehold Terms:
Trading Hours:
Number of Employees:
Support and Training:
Is this business relocatable:
Is this business home based:
Is accommodation included:
Is this In administrative/receivership:
Is stock included:
Website address:
Listed By:
Similar Listings
Experience the unparalleled success of a unique Supermarket, boasting a remarkable weekly turnover of £55,000 plus a Post Office income in the region of £100,000 **ATTENTION: PROOF OF FUNDS REQUIRED FOR PROPERTY ADDRESS DISCLOSURE** Mailbox Estates...
Mailbox Estates presents an exceptional opportunity to acquire a well-established freehold Convenience Store and Post Office, complete with accommodation, located in a prime trading area of Wolverhampton. This property enjoys the advantage of minimal...
Well established licensed convenience storeWeekly takings £11,000 plusDensely populated area, well fitted throughoutTwo bedroom flat included, viewing recommendedRef 45245 Licensed convenience store, densely populated area. Weekly takings &poun...
QUALITY POST OFFICE/CONVENIENCE STORE – WEST MIDLANDS Prime location in shopping centre with external frontage Reasonable trading hours with no late openings Good level of salary with additional retail sales Well reputed with regular and repeat...
WELL ESTABLISHED POST OFFICE – WEST MIDLANDS Post Office Salary £71,000pa with £20,000 additional shop sales Flat above (currently let £650pcm) could be owners accommodation Affluent and desirable village location in Birmingha...
WELL ESTABLISHED POST OFFICE – WEST MIDLANDS Post Office Salary £71,000pa with £20,000 additional shop sales Flat above (currently let £650pcm) could be owners accommodation Affluent and desirable village location in Birmingha...