FREEHOLD ASKING PRICE : £179,950 Rent £19,800 per annum.
AT A GLANCE
Weekly sales circa £10,000
Own private car park for the store
Relied upon by the local community
Higher than average profit. GP is 30% - 35%
A large three-bedroom flat
Energy Rating D
A leasehold convenience store located upon a busy road in a nice area of Dudley West Midlands. This business is fitted to a good standard and has all the extras you would expect from a convenience store including chillers, freezers, ice cream fridge, shelving, gondolas, etc. A rare opportunity to acquire a longstanding and established off licence and convenience store.
This site has a space for storage in the rear, along with a large and spacious 3-bedroom flat in the back and above the store with a separate entrance outside from the front. The site is managed by the owner and part-time staff. This convenience store has huge potential to increase sales with onsite management and with someone that wants to put their energy into boosting the sales by introducing new ideas such as hot meals, meal deals, hot drinks, slush, parcel service and possibly a post office and more. The shop currently closes at 8pm with a licence to 11pm so an easy opening of a further three hours a day to help increase alcohol sales. The vendor runs no offers or promotions.
This would be ideal as a family run store, or it would suit a hand’s on multi store operator. This site is missing a popular symbol group and monthly promotions and offers to boost the sale. Close to schools it gets school children trade too.
LOCATION
This property is on a busy road in Dudley West Midlands. The site benefits from being surrounded by a huge residential area, school and also benefits from passing trade and huge footfall.
INTERNAL DETAILS
The store is equipped with all required chillers, freezers, shelving and gondolas. The business sells a full range of products as would be expected for a convenience store, including, alcohol, tobacco, confectionery, and general items of convenience. This business has PayPoint and lottery.
External Details
The business benefits from having a private off road parking for just the store itself.
FIXTURES & FITTINGS
We are advised that all trade fixtures and fittings are owned outright and are included as part of the sale.
THE OPPORTUNITY
This local convenience store is relied upon by the local community. This business is fitted to a good standard and is being offered on a leasehold basis.
The business and rent include a huge three-bedroom flat above the store with a separate entrance, large living room, kitchen, bathroom and a rear garden which could be rented out separately. The rent could be quite high as the area is in high demand.
TRADING INFORMATION
Trading information shows average weekly sale of circa £10,000 per week.
TRADING HOURS
Monday to Sunday 06:00 – 20:00
Regulatory
Premises Licensed
BUSINESS RATES
The current owner has advised that the store benefits from some relief from small business rates. Purchasers however should make their own enquiries with the relevant local authority.
VIEWING
No direct approach may be made to the property. For an appointment to view please contact the agent.
