Convenience Store plus Household Goods Shop in West Midlands For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, West Midlands.

Turnover £ 7,000
Price £90,000

Features

Convenience Store with Household Goods, off License, Money Transfer and Parcel Services

SINGLE FRONTED PREMISES, in the region of 900 ft², WITH ELECTRIC SHUTTERS, CCTV (16 cameras), Tiled flooring, suspended ceiling with LED lighting.

Sales counter, touch screen cash register, 6 fridges, 1 freezer, vape display cabinets, modern adjustable shelving, etc

Satff cloakroom with toilet and wash hand basin.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 27% approx.

WE ALSO UNDERSTAND that in addition to the turnover the business also enjoys a commission of:

PARCEL SERVICES £250 per month approx.
MONEY TRANSFER SERVICES £200 per month approx.
MOBILE TOP UPs £50 per month approx.

Staff

The business is at present operated by the vendor with 1 full time and 1 part time employed.

Trading Hours

7 Day week
MONDAY - SUNDAY 6 a.m. - 2 a.m.

Licensed for 24 hours opening.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) due to expire in 2027 at a current rent of £26,400 p.a.

Business Rates from April 2025 £9,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £90,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote