Newsagents for sale in Kingswinford

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London Properties are pleased to offer to the market this well established convenience store & off licence freehold located in a prominent position and close to a well populated residential area

Kingswinford, West Midlands, England

  • Freehold Price: £389,950
  • Annual Turnover: £572,000
Seller Reference: DY6 9TG
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: DY6 9TG
Request Details
Business Description
LOCATION: The business is located on Mount Pleasant which is a very busy road through Kingswinford there are a range of other independently owned businesses on the street. Kingswnford is a suburb of West Midlands and is densely populated; Mount Pleasant in particular enjoys a high level of traffic and foot fall. Parking is available on the street.

DESCRIPTION: This is an excellent opportunity to purchase a well established licensed convenience store supermarket, which occupies a prominent trading position in the West Midlands. This store is situated within a large number of residential dwellings in the locality, ensuring the business attracts high levels of regular, repeat trade throughout the day. Having served the area for many years, this well known business has forged strong relationships within the community and therefore boasts an extensive and loyal customer base. The store operates from a highly visible shop premises, providing a deceptively spacious ground floor retail space and a first floor 2 bedroom flat. The retail area is fitted to a good standard with an excellent range of quality fixtures, including CCTV and ample refrigeration, and a provides range of newspaper/magazine titles, confectionery, tobacco products, soft drinks, traditional beers, wines, spirits and a wide range of groceries, as well as also offering additional services including Lotto and Payzone. This is a successful and lucrative business, which is run mainly by staff and offers genuine scope for future growth, as well as an ideal proposition for an ambitious and energetic owner operator, who can extend the opening times whilst also introducing a much wider range of convenience lines and frozen foods. These enhancements will significantly increase the weekly sales, whilst also keeping additional staffing levels to a minimum, maximizing the overall profitability.

USES: A1/A2

TENURE: £389,950 Freehold

BUSINESS RATES: Nil. From information obtained from the Valuation Office Agency website www.voa.gov.uk.

SIZE: Approximately 667 sq ft shop unit

OPENING HOURS: Monday - Saturday 06:00 - 20:00 & Sunday 06:00 - 16:00

STAFF: The business is managed by the owners with full/part time members of staff.

UPPER PARTS: The business comes with a two bedroom property comprising of a lounge, a kitchen, a bathroom and 2 double bedrooms. The accommodation is well proportioned, presented, maintained and spacious.

External

The detached two storey premises offer an excellent blend of deceptively spacious retail space and a 2 bedroom flat.

TURNOVER: We are advised that the yearly turnover is approximately £572,000 per annum. Lotto Weekly lottery sales approximate to £300, others News Sheet £1,200 & Payzone £300

ACCOUNTS : Available on request

LEGAL COST: Each party to bear their own legal costs incurred.

LOCAL AUTHORITY: Dudley District Council

ENERGY PERFORMANCE CERTIFICATE: Energy Performance Asset Rating is 102: E Rating. A copy of this property’s energy performance certificate is available on request

REFERENCE CHARGE: London Properties charges a fee of £200 plus VAT for taking up references for proposed tenants. This fee is non refundable after the references have been taken up, whether they are accepted or not by the Landlord.

HOLDING DEPOSIT: A holding deposit will be required to secure the property; the deposit will buy a period of exclusivity and will be held in the London Properties client account

FIXTURE & FITTINGS: Any fixtures, fittings, equipment, machinery and plants which are shown within the details have not been tested unless specifically said and prospective purchasers and/or tenants should satisfy themselves as to the condition

AGENT NOTE: London Properties for themselves for Lessors, Vendors and their agents, give notice that:- 1. These particulars provide a general outline only. It is advised that prospective purchasers or tenants make their own enquiries. 2. These details do not constitute any part of an offer or contract. 3. All statements or details contained within these particulars are without any responsibility on any part, to London Properties.

4. All rent prices, fees and charges are quoted exclusive of VAT

VIEWINGS: Through London Properties by appointment only
Trading hours:
Monday - Saturday 06:00 - 20:00 & Sunday 06:00 - 16:00
Number of employees:
2
Location Details:
London Properties are pleased to offer to the market this well established convenience store & off licence freehold located in a prominent position and close to a well populated residential area. The business is located on Mount Pleasant which is a very busy road through Kingswinford there are a range of other independently owned businesses on the street. Kingswnford is a suburb of West Midlands and is densely populated, Mount Pleasant in particular enjoys a high level of traffic and foot fall.
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