Well Established Convenience Store - Ref: 1088
LEASEHOLD OPTION £60,000 PLUS SAV
Mirrelson Commercial is delighted to receive instruction for this very busy convenience store with 4 bedroom owner’s accommodation. Established in 1980 and in the current owners hands for the past 6 years offering a wide range of confectionary, tobacco and news lines to the local community.
Services provided include counter news sales, lotto, pay point, pay zone, ATM and collect plus. This business also offers a dry cleaning to its clients and outsources to a local dry cleaners.
We feel that turnover could be increased by extending opening hours and introducing fresh fruit and veg sales on forecourt. There is scope to increase the business by remodelling the interior to make extra floor space and utilise the existing planning permission to extend to the rear.
The accommodation could be converted to 2 flats for renting, increasing profit.
Walsall is a large industrial town in the West Midlands of England. It is located 8 miles from the city of Birmingham and 6 miles from the city of Wolverhampton.
This business is located in a densely populated area with both a primary and secondary school within a 10 minute walk.
Large double fronted detached premises with alarm and CCTV system briefly comprising of;
‘L’ shaped retail sales area
Shelving to perimeter walls to suit trade
Counter servery with Epos system
Tobacco gantry to rear
Scratch card display
Card display stand
News/magazine display section
Double ice-cream freezer
2 x Double Pepsi chillers
2 x Open chiller - dairy and beer
3 x Freezers
Forecourt for parking
3 x Store rooms
Large 4 bedroom flat
Mon – Sat 7am – 9:30pm
Sun – 8am – 9pm
Turnover £390,000 per week
Gross Profit 20%
Rates payable £1000 per annum
Paypoint - £8500 per week
Lottery £1000 per week
News sheets £350 per week