Reputable Modern Convenience Store in the West Midlands

Wolverhampton, Wolverhampton
REF: R08038

Asking Price:
£35,000
Annual Turnover:
£130,000
Annual Net Profit:
TBC
REF: R08038

Overview

Tenure:
Leasehold
Established:
2020
  • Excellent reputation and loyal customer base
  • Huge potential for growth
  • Equipment included
  • Recently refurbished premises
  • Low overhead costs
  • Strong supplier relationships

The business for sale is a reputable, modern convenience store in the West Midlands, which serves the village of Codsall. Established in 2020, this business has been growing steadily since its creation and has gained an excellent reputation and a loyal customer base.

The store stocks a wide variety of products, including perishable and long-lasting goods, newspapers, tobacco, fridge foods, drinks, bread, cakes, and much more. The business also has Payzone and Paypoint terminals, an alcohol licence, and a UPS access point.

The recently refurbished premises have an ideal location in a residential area, with on-site car parking, good transport links, and proximity to local schools. Most importantly, there is a high rate of passing footfall, which should ensure a steady flow of custom for the new owner. There is even a new housing development being built in the local area, which could be great for future business.

There is huge potential for growth with this business, as there is a massive opportunity to stock additional ranges and develop the company’s social media presence, which could be a great way to attract more trade.

The business even has strong relationships with their suppliers, which could normally be hard to attain for a new buyer. With low overhead costs, this fantastic business would be the ideal opportunity for an owner-operator with previous experience in the sector.

Upon entry to the glass-fronted shop, you will find yourself in the middle of the convenience store. To the right, there is a sales counter, with alcohol and tobacco on shelves behind it. To the left, there are several aisles with different stock.

The store has an excellent location in a residential area in the village of Codsall, with on-site car parking, good transport links, and a high rate of passing footfall. The shop is even close to schools and other local businesses. Due to the company’s busy spot, there should be plenty of trade from local customers. There is a new housing development being built in the local area, which should attract more new customers.

All equipment and shop fittings will be included in the business sale, which means the new owner will be able to get to work straight away.

The present owner will consider a time-limited handover period.

This would be the ideal opportunity for an owner-operator with previous experience in the sector.

There is huge potential for growth with this business for someone who is willing to invest further time and energy in the company. Stocking additional ranges, selling national lottery tickets, and installing an ATM machine would be great ways to increase footfall. There is also a massive opportunity to develop the company’s social media presence and offer home delivery options.

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  • On-site car parking
  • Nearby car parking
  • Good transport links
  • Residential area
  • High footfall
  • Village location
  • Close to local businesses
  • Close to schools
Rent
£12,000
Rates
£0
Lease Term
10
Lease Expiry
2030
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
TBC

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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