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Freehold Convenience Shop With Four Bed Accommodation For Sale

Cannock, Staffordshire, UK
Asking Price:
£635,000 Furniture / Fixtures included
Turnover:
£832,000
Net Profit:
Available on request

We are very excited to present this excellent opportunity to purchase the freehold of a very busy convenience shop along with acommodation. It is a very established and situated in a prime residential location within the Cannock area. Do not miss out on this great opportunity!

The shop is located in a prime residential location with no local competition.

We have been informed by the vendor the retail takings are £16,000 plus per week average.
Freehold Price £635,000

Description and Trade:
This busy Convenience Store and offers for sale Beers, Wines and Spirits, Newspapers & Magazines and Sundry Lines.
The shop also has an ATM machine which is self-filled, generates £250 to £300 per month commission.

Premises:
The Shop is a double fronted shop with electric doors. It has CCTV, a suspended ceiling and tiled floor and is well fitted for the trade. Includes rear stock room leading to loading/unloading access, an office and W.C. Also has a locked parking area to the back of the shop for 2 cars.
Accommodation:
There is a 4-bed living accommodation upstairs, this consists of 4 double bedrooms. living room, kitchen and bathroom.
The property can achieve an annual rental income of £11,000 approximately.

Comments:
This a retirement sale of a very attractive business in a prime residential area with a consistent trading history of 100 years plus.

Our Client Informs Us That:
Takings and Profitability:
The Business is taking, on average, £16,000 per week average.
Lottery and Newspapers are not included in the counter sales. Lottery sales average between £400 and £500 per week and Newspaper sales are £300 per week. This is in addition to the £16,000 weekly sales.
Please note the business do not have pay point and pay zone, therefore they can be added to increase weekly takings.

Trading Hours:
8.00am – 8.00pm Monday to Saturday.
9.00am – 7.00pm Sunday.

Staff:
The Business is family run with 2 PT staff members.

Tenure:
This is a Freehold business with £0.00 Business rates

Price:
£635,000 plus stock at valuation (or near offer) for the Freehold, Business, Fixtures and Fittings.

Please note, as this is a confidential sale, the true location of this shop has not been disclosed. Please contact us should you wish to know the exact store location.

Viewing is highly recommended, strictly via agent only.

Please note the average weekly sales of £16,000 are calculated as an average over 52 weeks.

Property Information

Property:

Freehold

Living Accommodation:

There is a 4-bed living accommodation upstairs, this consists of 4 double bedrooms. living room, kitchen and bathroom.

Business Operation

Competition / Market:

No local competition

Reasons for selling:

Retirement sale

Trading hours:

8.00am – 8.00pm Monday to Saturday.
9.00am – 7.00pm Sunday.

Years established:
over 100 years

Contact Mailbox Estates

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