Mailbox Estates is delighted to present a fantastic opportunity to acquire a well-established convenience store located in a bustling market town in Wolverhampton. This business boasts an impressive weekly turnover of £12,000 and presents excellent potential for further growth through branding and service expansion.
This is a rare opportunity to acquire a profitable, well-located business with further growth potential. Early viewing is highly recommended.
The store will suit a multi operator who is looking to build on the excellent foundation of the current operator or a first-time buyer who is looking to delve into the convenience sector.
REASON FOR SALE
*Our client has successfully operated the store since December 2023. The business is now being offered for sale due to other business commitments.
THE OPPORTUNITY
* Opportunity to convert into a Premier Symbol Group
* Suitable for both experienced operators and first-time buyers
* High Weekly Turnover - £12,000 per week
* Branded Store with average 26% Margins.
*Spacious 3-bedroom accommodation with separate access and rental potential
LOCATION
The store is ideally located in a busy residential and commercial area of Wolverhampton within the sought-after district. This area benefits from a local population of approximately 45,000 residents and boasts a strong community with an above-average household income and a diverse, well-established demographic
(source: Postcodearea.co.uk).
With high footfall, excellent local amenities, and easy access to surrounding neighbourhoods, this is a prime spot for a convenience store to thrive.
TURNOVER BREAKDOWN
* We have been advised by our client that the counter sales on average are:
£8,000 per week in counter sales at an average 26% margin
£4,000 per week from profitable paper round deliveries, with a net profit of approx. £1,500 per week (£6,000/month)
Deliveries are local, covering a one-mile radius with a £4 minimum charge
*The store currently does not offer any Payzone, or Coffee to go services.
GROUND FLOOR SHOP PLAN
*Approx internal floor area of 221 sq meteres ( 2,378 Sq.ft)
* Spacious retail area with perimeter chillers and freezers
*Secure kiosk with display for alcohol and tobacco products
*Generous rear storeroom
*Well-maintained, functional layout allowing for smooth daily operations
ACCOMMODATION:
On the first floor, there is a three-bedroom accommodation with separate rear access. This space offers versatile use and can generate a rental income of approximately £1,200 per month. The income can be used to offset the overall rent payable or alternatively provide convenient housing for staff or the business owner.
EXTERNAL:
Convenient free parking is available for passing trade with a secure park to the rear of the store less than 100 yards. Ensuring easy access for customers during peak times and beyond.
Loading and unloading facilities are also available at the front of the store for smooth delivery operations.
TRADING HOURS
* Monday - Saturday 7:00am - 8:00pm
* Sunday 7:00am - 5:00pm
STAFF
* Currently operated by a husband-and-wife team, making it a great hands-on business or an easy addition to a portfolio with minimal staffing needs.
1 Full time staff member for the paperrounds.
TENURE:
The site is available by way of assignment of the existing lease until 2031 and is renewable.
RENT:
* £22,500 per annum, inclusive of the commercial unit and residential accommodation
TRADING INFORMATION
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.
LEGAL COSTS
* Each party to be responsible for their own legal costs in connection with the sale.
*Landlord's legal fees are the buyers and sellers responsibility and are to be shared equally
DEPOSITS
* Successful Buyer(s) will be required to pay a non-refundable deposit.
Business Rates and Service Charge:
* £5,600 Per annum.
