Mailbox Estates offers a remarkable property opportunity to acquire a period four-bedroom detached family home based in Wolverhampton including a Convenience store for first time buyers or either an investor.
Reason for sale *Our clients are selling due to other business interests.
The opportunity * Impressive 25% average gross profit. * Ideal owner managed or family business * 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 * Diverse Population: The area has a mix of young professionals, families, and retirees, providing a broad customer demographic. * The store is well presented and maintained, with clear visible signage. * The location is surrounded by a mix of terraced and semi-detached homes, providing a loyal customer base.
TURNOVER * We have been advised by our client that the counter sales on average are £4,500 - £5,000 per week with 25% margins and huge scope to increase by increasing product range or trading hours.
OTHER INCOME RECEIVED * £100 per calender month from the external billboard advertising.
TENURE * The freehold is offered for sale.
TRADING HOURS * Monday - Saturday 7:00am - 10:00pm * Sunday 8:00am - 9:30pm The store is licensed to operate from 5:30am.
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. * Large garden shed and paved patio area for outdoor entertaining.
Accommodation Included in the sale is a rear living room leading to a kitchen and washroom on the ground floor. Internal access to the first floor leads to a landing area, with a secondary entrance located on the side of the property. The upper floor comprises four generously sized bedrooms and a family washroom.
The rental income is £2,300 per calender month from the accommodation.
Ground floor plan * Ground floor - sales area of approximately 68 sq. metres. (720 Sq. ft.) * Spacious dining room with ample space for family gatherings.
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 applicants will be required to pay a non-refundable deposit.
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