2 bedroom convenience store for sale

Hobs Road, Wednesbury, West Midlands, WS10

Fixed Price £180,000

Property Description

Commercial information

  • Business for sale

Key features

  • Well established and lucrative licensed convenience store
  • Weekly turnover 15,000, terrific potential
  • Prominent main road, busy residential area
  • Spacious lock up unit, S/C 2 bedroom flat, viewing highly recommended
  • REF:45015

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to purchase a well established and heavily relied upon licensed convenience store, which occupies a prominent trading position in the popular area of Wednesbury in the West Midlands.

The store is located within a densely populated residential area on a main road. Surrounding the business is a large housing estate and the area is subsequently a hive of activity throughout the day, ensuring the business attracts high levels of regular local and passing trade. Its location also enjoys easy access from the M6 motorway, making it easy access for a new owner if they were to commute.

Having successfully operated since 2002, the business has operated as a thriving store for over 30 years. This well-known store has forged strong relationships with the community and boasts an extensive and loyal customer base.

The business operates from a highly visible and imposing premises, which offers a spacious and versatile retail space which is well fitted, including a two point EPOS system with scanner facility, air conditioning and digital CCTV.

The store retails an extensive range of traditional beers, wines, spirits, soft drinks, confectionery, newspaper and magazine titles, dairy products, frozen and convenience foods.

This is a successful and lucrative business, yet still offers terrific scope for future growth and improvement. The business would therefore ideally suit an energetic owner who can develop the business to its true potential, which will undoubtedly increase the weekly sales, whilst ultimately enhancing overall profitability.

To fully appreciate this superb business opportunity, a viewing is highly recommended.

WEEKLY SALES
Currently shop sales average 15,000 approximately.

LOTTO
Weekly lottery sales approximate to 3,000.

OTHER
News Sheet 300-350pw
PayPoint 14,000 - 15,000pw
Payzone 1,000 pw
Cash Machine 4,800 pa


ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday - Sunday 07:00 - 22:00

STAFF
Managed by the owners with full/part time members of staff.

PROPERTY
The highly visible and imposing premises provides a spacious and versatile ground floor lock up retail space, plus a 2 bedroom self-contained flat.

TRADING AREAS
The welcoming sales area is bright and airy creating a welcoming environment. The business is well fitted with a comprehensive range of good quality fixtures and fittings, including a two point EPOS system with a scanner facility, air conditioning and digital CCTV.

RESIDENTIAL ACCOMMODATION
The first floor self-contained living accommodation comprises of 2 bedrooms, a bathroom, a lounge and a kitchen. Flat Rental Income is 5,800 Per Annum

TENURE
The vendors own the property and will grant a new FRI lease (subject to contract) for a period of 10 years at an initial rent of 27,800pa exclusive of rates. Rent reviews are at 3 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This is an excellent opportunity to purchase an established and heavily relied upon business, with great future potential for growth. A viewing is therefore highly recommended to avoid disappointment.

More information from this agent

Nearest stations

  • Bescot Stadium (0.8 mi)
  • Wednesbury Great Western Street (1.0 mi)
  • Wednesbury Parkway (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bescot Stadium (0.8 mi)
  • Wednesbury Great Western Street (1.0 mi)
  • Wednesbury Parkway (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Kings

Kings Business Transfer, 7b Edward Vii Quay, Navigation Way, Ashton-On-Ribble, Preston, PR2 2YF

01772 399199 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 45015. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Kings. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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