Very Well-established and Popular Convenience Store in the West Midlands

Walsall, West Midlands
REF: R07325

Asking Price:
£300,000
Annual Turnover:
£885,000
Annual Net Profit:
£45,000
REF: R07325

Overview

Tenure:
Leasehold
Established:
TBC
  • Great reputation in the area
  • Wide selection of products and services
  • Prominent location
  • Returning, varied customer base
  • Fully-fitted premises

This is a very well-established, profitable convenience store situated in a busy town in the West Midlands.

In operation since 2011, the store has since been a cornerstone of the local community, offering a wealth of essential services and products including snacks, confectionary, frozen foods alcohol, newspapers and cleaning products.

There is also Post Office counter in-store which is very popular amongst customers. A Pay Point and Lottery service generate extra income.

The shop is currently run by four members of staff, three full-time and on part-time, as well as the owner, who provide a personal, helpful service to each customer who walks through the door.

A new owner would benefit from a fully-fitted premises, loyal customer base and excellent position within the town.

The shop is set on the main road, with customers stepping through a single fronted premise onto the shop floor. Customers immediately notice the well-stocked aisles and large customer counter to the left.

Fitted out to a very high standard, the spacious shop has multiple freezers, fridges and a free cash machine. Further on is a huge storage area, as well as a toilet and a large garage which is utilised as another storeroom.

To the rear there is a busy Post Office counter run by one full-time member of staff. There is plenty of unloading space at the rear, with 24/7 access and parking from the Coop distribution depot.

All equipment would be included in the sale.

The current owner is willing to stay on for a transitional period to hand the business over smoothly.

This is a great opportunity to acquire a very reputable, multi-faceted convenience store, also trading as a post office and off licence. It already has excellent turnover that continues to grow. It is ideal for a current owner-operator of a retail establishment looking to grow their portfolio, or a first-time buyer who could grow the business accordingly.

Marketing efforts have been minimal as it hasn’t been necessary to draw in high levels of trade, due to the business’s location and offering. Nonetheless, widening its offering to include even more products and potentially fresh food would exploit the current customer base and help to boost profits.

As the business is currently open 7am-10pm Monday-Saturday and 8am-10pm on Sunday, the shop could extend its opening hours past 10pm to allow for late nights visits.

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  • Near a busy main road
  • On-site parking
  • Residential area
  • Huge footfall
  • School nearby
  • No local competition
Rent
£14,300
Rates
TBC
Lease Term
2021
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

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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