Supermarkets for sale in West Midlands

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WELL ESTABLISHED SUPERMARKET - WEST MIDLANDS

West Midlands, England

  • Leasehold Price: £289,950
Seller Reference: 4619
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 4619
Request Details
Business Description
WELL ESTABLISHED SUPERMARKET - WEST MIDLANDS
Well established and highly regarded business
Genuine reason for sale due to retirement
Situated in the town centre of Dudley
Advised annual turnover of £800,000
2 flats above business premises
Ideal partnership opportunity
Walk in condition
LEASEHOLD

Business History

Meridian Business Sales are delighted to offer to the market this easy to run supermarket/convenience store which was established by our clients 20 years ago and is now being offered to the market due to our clients desire to take well deserved retirement. Since the business was established our clients have invested time and money into the business and premises; the 2 flats above are currently undergoing renovation, meaning that the business is in full walk in condition. They have continually added new lines and income streams which have enhanced the business massively. Our clients inform us that the annual income currently runs at £800,000 which is derived from the sale of a vast range of foods, wines and spirits and cleaning products, to name a few, together lottery and payzone. The business also carries a range of craft and hobby ware. The business enjoys a strong reputation within the local community and as such has a high level of regular and repeat trade. There are 2 flats above which could be used for owners' accommodation or rented which may increase income. Benefiting from a professional website and online sales this is a superb opportunity to purchase a premium business with massive scope to develop further and as such early viewing is highly recommended to appreciate the standard of the business premises and businesses of this calibre rarely stay on the market for long.

Location

This leasehold supermarket/convenience store is located in the town centre of Dudley; a large town in the West Midlands, 6 miles south-east of Wolverhampton and 10.5 miles north-west of Birmingham. The business is in an ideal position, with easy parking, situated mid parade on one of the town centres main retail and shopping streets, close to a variety of retailers and surrounded by a densely populated residential area. As such it enjoys a large daily passing trade and high footfall. Dudley is a highly desirable town which offers a wealth of facilities and historic attractions. The town is well known for its zoo and castle which both attract visitors throughout the year. The town centre has a wide variety of shops and national retailers plus an excellent range of public transport services. Dudley is less than 4 miles from the M5 motorway making visiting and commuting very easy.

Financial Profile

Turnover: £800,000
Stock: Approximately £60,000

Tenure

We are advised leasehold
Lease for new purchaser is:
For 10 or 15 years
Rent reviews 5 years
Rent £25,000 per annum

Opening Hours

Monday: 8:00am - 9:00pm
Tuesday: 8:00am - 9:00pm
Wednesday: 8:00am - 9:00pm
Thursday: 8:00am - 9:00pm
Friday: 8:00am - 9:00pm
Saturday: 8:00am - 9:00pm
Sunday: 10:00am - 9:00pm

Accommodation

The purpose built premises is well signed with a glazed frontage ideal for advertising and a secured glazed entrance to:

GROUND FLOOR PREMISES - briefly comprising:
Well lit open plan shop floor - well equipped for business
Display stands
Central island displays
Product isles
Double sided display lanes
Large open chilled fridge displays
Chest freezers
Payment counters with lottery and payzone
Tobacco cabinet behind counter

FIRST FLOOR - currently undergoing renovation
Separate entrance
2 bedroomed flat comprising: lounge, kitchen/diner, bathroom, 1 double bedroom - en suite and 1 double standard bedroom
1 bedroomed flat comprising: lounge, kitchen/diner, bathroom and 1 double standard bedroom

EXTERNAL
Roadside parking

Price

Leasehold, £289,950 Plus SAV

Enquire

t: 0345 222 0508 f: 0345 222 0509
e: info@meridianbusinesssales.co.uk
Tenure:
Leasehold
Listed by:
Request Details

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