Convenience Store with Off Licence in West Midlands For Sale

Situated in a parade with service road to the front, residential area, WEST MIDLANDS

Turnover £ 8,500
Price £200,000

Features

Convenience Store Plus Off Licence

Ample customer's car parking as there are no parking restrictions in front of shop.

DOUBLE FRONTED PREMISES in the region of 1,075 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED Panel lighting, sales counter, 2 EPOS tills, cigarette draw, modern adjustable shelving, 5 x drinks display fridge (glass fronted upright double-door), ice cream freezer, glass fronted upright tripple -door deep freeze, CCTV system (12 cameras, 1 monitor).

Stock room.

Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 - £9,000 p.w. with a Gross profit of 30% approx.. Wholesale newsbill £300 p.w.

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

EVRI PARCEL £350 per month approx.
NATIONAL LOTTERY £150 per month approx.
LOCKERS £240 per month approx.
ADVERTISING TV BOARD £50 per month approx.

Staff

The business is at present operated by the vendor with family support

Trading Hours

7 Day week
MONDAY - SATURDAY 7am - 9pm
SUNDAY 8am - 9pm

Accommodation

2 SELF CONTAINED FLATS with Gas Fired Central Heating, Double-glazed windows, at present both are let on a shorthold tenancy providing a rental income of £700 per month. The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £26,500 p.a.

Business Rates from April 2025 £1,040 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE DECEMBER 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION (£40,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote