Freehold Convenience Store in Residential area with Generous Sized four-bedroom family home.
A remarkable opportunity to acquire a period four-bedroom detached family home based in Wolverhampton, including a Convenience Store ideal for first-time buyers or 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 calendar 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 £1,300 per calendar 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
- Early viewing is highly advised 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.
