Sold STC


Freehold Convenience store with Four Bedroom Accommodation


Mailbox Estates present a unique opportunity to purchase a well established convenience store with four bedroom accommodation.

Trading in a prime high street location in the beautiful city of Wolverhampton.

Reason for sale
*This is a retirement sale of a very attractive business with the current vendor having a trading history of 20 years plus.

The store sells a full range of products as would be expected for a convenience store, including alcohol, tobacco, confectionery, and general items of convenience.

The opportunity
* Impressive 25% average gross profit.
* Ideal owner managed or family business
* Opportunity for a refurbishment to modernise the store or trade under a symbol group
* Ideal trading position on a busy street and ample car parking nearby
* Freehold Opportunity with no business rates
* Current owner happy to offer a handover to ensure the continued success

* The store is prominently located on a busy residential area and so benefits from high footfall and repeat trade.
* The store is well presented and maintained, with clear visible signage.

We have been advised by our client that the average weekly counter sales are £6,000.

Also earns commission Income from the sale of National Lottery tickets, PayZone electronic payments service and UPS Parcels.

* Average lottery commission per week is £40
* Average UPS Commission £100 per month

* The freehold is offered for sale.

Trading Hours
* Monday - Saturday 6:00am - 8:30pm
* Sunday 7:00am - 2:00pm

* The business is run by the owners so there is no staff to transfer.

* On street parking available outside the property and a Pub car park adjacent.

* The property includes four bedroom accommodation with seperate access to the rear.
* Vacant upon possession or can be rented out for around £900 per calender month.

Ground floor plan
* Ground floor - sales area of approximately 68 sq. metres. (720 Sq. ft.)
* Access to back office / stockroom through rear of shop.

Business Rates:
* £0 council tax per year. ( small business rates relief )
* Purchasers should enquire with relevant local authorities to confirm the rates payable.

Legal costs
* Each party to be responsible for their own legal costs in connection with the sale.

Fixtures and Fittings
The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.

* Premises licence

Trading Information
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.

Viewing arrangements
* Mailbox Estates highly advise early viewing to avoid disappointment.
* Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR.

* Successful bidders will be required to pay a non-refundable deposit to the marketing agent, Mailbox Estates. The deposit will be set off against the agreed purchase price on completion of a sale. In the unlikely event that the vendor withdraws from a sale, deposits will be repaid in full.

However, in the event that a purchaser reneges on the agreed terms and conditions of a sale and purchase, the deposit/s will be forfeited

Mailbox Estates highly advise early viewing to avoid disappointment.

Tenure: Freehold

Railway Drive EPC


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