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
Location * 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.
Turnover 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
Staff: * The business is run by the owners so there is no staff to transfer.
External: * On street parking available outside the property and a Pub car park adjacent.
Accommodation * 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.
Regulatory * 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.
Deposits: * 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.