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.
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.
There is no living accommodation.
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.
Monday to Saturday 6.00am - 10.00pm
Sunday 7.00am - 9.00pm
The Business is operated by family members with the help of just on full-time assistant.
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.
£110,000 plus stock at valuation for the Lease, Business, Fixtures, Fittings and Equipment.