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Convenience Store In Walsall For Sale

Walsall, West Midlands
Asking Price:
£295,000 Furniture / Fixtures included
Turnover:
£884,000
Net Profit:
£50K - £100K

Approximately 1900 sq ft in size sales floor, this is a large premises consisting of 2 x large stockrooms, separate walk in cold room, large yard for deliveries and upstairs accommodation which is currently being rented. (notice has been given to tenants regarding sale and they will be leaving soon) Extremely high standard that nobody locally can compete with.

No Business rates as its under the Walsall threshold. Comes with 2 lane tills, full CCTV and excellent racking. Must be seen to be appreciated.

Lease/rent is 3082 per month payable one month in advance
Income generated from commissions/ rent/etc is 2500 per month approx
Weekly shop sales excluding commissions is approx 18000.

Lease remaining is 35 years and 3 months as of today (can be extended if required) Freehold not currently available.

Rent out or live in large accommodation upstairs with Vaillant boiler. Size is a little larger than the sales floor, so a family of 4 can easily be accommodated.

Shop floor has 6 large chillers totaling 17 meters for drinks, wine, fruit & veg, food to go and milk, hams, cheese etc.

LED lighting throughout. (alcohol section non LED for better effect.)

Alcohol licence as well as Tobacco licence. Internal ATM, Paypoint and National lottery services.

2 kitchens. One purpose built for hot food which has yet to be introduced.

Further reasons to purchase is that its the only store locally to offer a full shopping experience. Elderly customers basket spend here is well over £21 per visit.

Another new development is about to commence 0.25 miles from store with up to 500 new homes and the majority of construction traffic and future owners have to pass your store to get there, hence the introduction of hot food and coffee would be hugely advantageous to those mentioned plus local schools.

We sponsor the local school and they recommend our store to their staff and pupils and 3 further school coaches and buses stop outside the store for additional revenue.

Symbols Premier or Best one would fit perfectly in this area.

Store is perfectly located away from direct competition. This store also benefits from the last development of 500 plus homes 200 meters from store and these are a little more affluent than the locals.

Reason for sale is other business interests are expanding and require more of my attention.
Contact Jay using the form on this page should you have any further questions.

Price £295,000 leasehold

Property information

Property:

Leasehold

Lease Terms:

Standard self repairing lease with regular review

Leasehold Rent:

£36,000 per annum

Living Accommodation:

Can accommodate up to 4 people easily

Location:

Prominent trading position

Premises Details:

Large premises with upstairs accommodation for rent or live in, with large yard

Size in square feet:
1,900
Planning Consent:

Unknown

Energy Performance Rating:
E

Business Operation

Expansion Potential:

Can expand to whatever you like, bring in a Subway or Greggs or do your own hot food to go which would prove hugely popular here. Extend opening hours

Competition / Market:

Nearest competition is 0.5 miles away

Reasons for selling:

Other business interests are taking up more of my time

Trading hours:

Mon to Fri 6am to 8pm
Sat 8am to 8pm
Sun 9am to 7pm

Employees:
4 in total
Years established:
7

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Via franchisors currently

Financing available:

no

Furniture / Fixtures value:
£100,000 - included in the asking price

Contact Information

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