For Sale

Shop

CS0224 Busy and profitable Retail Store


£110,000

Mailbox Estates present an opportunity to acquire a busy convenience store with a turnover of £8,000- £9,000 per week on average.

The business is derived from traditional convenience sales, including; alcohol, fresh, chilled and frozen foods, ambient grocery products, confectionery, snacks, soft drinks.

The store has built up an excellent reputation and there is so much potential that still can be done to the store with an experienced operator.

REASON FOR SALE:
*Our client has owned the store since 2021 and is selling due to family commitments.

LOCATION:
*Situated in a bustling and high-traffic area of Smethwick, the store enjoys a steady stream of local residents and footfall.
*The store is well presented and maintained.

THE OPPORTUNITY:
*Weekly Turnover of £8,000- £9,000
*Low Rent
*Average gross margin 24%
*Current owner happy to offer a handover to ensure the continued success

TURNOVER:
*We have been advised by our client that the turnover is £8,000- £9,000 per week on average. This excludes lottery and any other commission services. Lottery commissions are approximately £100 per month.

TRADING HOURS:
* Monday - Sunday - 7:00am to 10:00pm

INTERNAL:
*The store is in great condition and offers the customer a good experience with well laid out shelving, large fridges and freezers and a wide variety of products stocked.

TENURE:
*The site is offered by way of assignment of the existing lease with 3 years remaining and is a renewable lease.

STAFF:
*The store is owner run with the help of one full time staff member.

SHOP FLOOR PLAN:
*Ground floor - Shop sales area
*Staff WC

RENT:
*The rent per calendar month is £1,300.

BUSINESS RATES:
*We have been advised by our clients that there are no business rates payable.

LEGAL COSTS:
*Each party to be responsible for their own legal costs in connection with the sale.
*Landlords Legal fees are the buyer responsibility.

Fixtures and Fittings:
*The business is well-fitted throughout and a valuable inventory of equipment is included in the sale price.
*All equipment and fixtures are well-maintained and up-to-date, ensuring smooth operations.

Regulatory:
*Premises license

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 OR ANY OF IT'S STAFF

DEPOSIT
*Successful Applicants will be required to pay a non-refundable deposit.

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