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CONVENIENCE STORE – ROWLEY REGIS, WEST MIDLANDS

Rowley Regis, West Midlands, England

  • Leasehold Price: £110,000
  • Annual Turnover: £364,000
Seller Reference: GOT25872K
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Business Description
 
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Seller Reference: GOT25872K
Request Details
Business Description
Convenience Store in a Prominent Corner Trading Location - Rowley Regis

Taking £7,000 per week
Plus Commission Income
Leasehold Price £110,000

Description and Trade:
A nicely presented Convenience Store in a prominent corner trading position on a busy main road.
The Business sells General Groceries, Beers, Wines & Spirits, Newspapers & Magazines and Sundry lines, and has been in the present owner's hands since 2000.

Premises:
Retail Sales Area (gross size around 1,100 sq. ft) with tiled floor and suspended ceiling.
Fixtures and fittings include: shelving to walls, double-sided gondola display shelving, chilled drinks cabinets, dairy deck, greetings cards display stands, chest display freezer, ice cream freezer, checkout counter with 2 cash registers.
There is also a Storage Area with Kitchen & w.c.
The Premises are protected with roller shutters to windows and a burglar alarm system.

Accommodation:
There is no living accommodation.

Comments:
An opportunity to acquire a long-established business in a good trading position.

Our Client Informs Us That:

Takings and Profitability:
Retail takings are around £7,000 per week, with gross profits estimated to be in the region of 20%.
Additional Commissions in the region of £4,600 per annum are earned from the sale of National Lottery tickets and PayZone electronic payments service.
The Weekly News Bill is around £800, with five morning, one Sunday and one Saturday news delivery rounds in operation.

Trading Hours:
Monday to Saturday 6.00am - 10.00pm
Sunday 7.00am - 9.00pm

Staff:
The Business is operated by family members with the help of just on full-time assistant.

Tenure:
Leasehold. The Premises are held on an 8-year lease from 2009. Present rent payable is around £14,560 per annum with 3-yearly review dates.

Price:
£110,000 plus stock at valuation for the Lease, Business, Fixtures, Fittings and Equipment.

Tenure:
Leasehold
Listed by:
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