Newsagents for sale in Wednesbury

View the "Rambo Mini Market Well-Established Convenience Store." below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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John Peacock (Feb 2017)
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Leasehold Price: £44,950 Turnover: £286,000 Gross Profit: £65,000
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Business Description
Business
Hilton Smythe welcomes to the market, Rambo Mini Market.

There has been a Newsagents shop in this location for well over twenty years and the current owner has run it successfully and lucratively for the last eight years.

The business is now being sold, albeit reluctantly only so that he can concentrate on his other business interests in Dudley.

Rambo Mini Market is an extremely well stocked Newsagents and Off Licence selling a wide range of products including;

• Newspapers and Magazines
• Tobacco products
• Confectionery
• Crisps and snacks
• Beers, wines and spirits
• Soft drinks
• General groceries
• Household items

The business has both a Payzone (approx £800 per week) and a Paypoint (approx £5000 per week) terminal and a Lotto terminal with sales of approximately £1500 per week. The business has a weekly news bill of approximately £350.

Reasons To Buy

1. A well-established business with an enviable reputation and many regular customers
2. Low running costs with inexpensive rent and no business rates
3. Ideal owner managed or partnership
4. Current owner is happy to offer a handover to ensure the continued success
5. Perfect trading position in Wednesbury’s busy Market Place
6. Priced to sell

Hilton Smythe highly advise early viewing to avoid disappointment.

Location
Rambo Mini Market is located in Wednesbury in the West Midlands.

Wednesbury is a market town in the Black Country, part of the Sandwell Metropolitan Borough in the West Midlands near the source of the River Tame, at the 2011 census the town had a population of 37,817.

Wednesbury is on Thomas Telfords London to Holyhead Road, built in the early 19th century. The section between Wednesbury and Mosley was widened in 1997 to form a dual carriageway, completing the Black Country Spine Road that had been in development since 1995 when the route between Wednesbury and West Bromwich had opened, along with a one-mile route to the north of Mosley linking with the Black Country Route.

The bus station, rebuilt in 2004, is in the town centre with links to Wolverhampton, Birmingham, West Bromwich, Walsall and the shopping complex of Merry Hill.

Rambo Mini Market is ideally situated in a prominent position alongside other complimentary retail businesses many of which are independents and include a Post Office, Banks, Cafes, laundrette etc.

Wednesbury Market Place is an unusually busy and vibrant shopping area and the business thus benefits from high levels of footfall along with passing trade.

The business is nicely presented and maintained with clear signage and the distinctive blue livery of the Lifestyle Express brand. There is free car parking almost immediately outside the premises and there is an inexpensive shoppers car park a short walk away.

Premises
Rambo Mini Market occupies the ground floor of an inner terraced retail unit.

The premises are deceptively spacious and cleverly designed to maximise the space available and briefly comprises;

Shop

• Window to front creating a light airy interior
• Part suspended ceiling with fluorescent lighting
• Carpeted flooring
• Bespoke counter with crisp racking beneath
• Generous wrapping area
• Cigarette gantry and spirit shelving
• Newspaper and Magazine racking
• Hanging space for bagged items
• Confectionery shelving
• Wine racking
• Metal crisp and snack racking
• Two open drinks chillers
• Perimeter shelving

There is an allocated parking space to the rear of the premises.

Tenure
We are advised that the business is being sold as a Leasehold business opportunity.

The current Lease is arranged on a monthly rolling basis, but we are further advised that the landlord would be happy to negotiate a mutually acceptable Lease with a new owner.

The rent is £5760 Per Annum which is very reasonable given the size of the premises and its excellent location.

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

Hours
Monday to Saturday 6:00am to 8.30pm
Sunday 7:00am to 6:00pm

Staff
The business is run and managed by one full time member of staff along with casuals as required.

Financial Profile
Rambo Mini Market generates an advised current turnover of approximately £286,000 per annum although it needs to be stressed that the business is currently being run at a pace to suit and has enjoyed higher turnover previously.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04474
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