Property Information
Address:
Wolverhampton, West Midlands
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH488895
Property Ref/Agent: 2836-busy-convenience-store-in-wolverhampton-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this well-established and busy convenience store in Wolverhampton, West Midlands.
The business was originally established in the 1930's and has been in our client's careful ownership since 1990. Only now is the business, reluctantly, being offered to the market due to our client's desire for a well-deserved retirement. The business operates 7 days per week and according to accounts ending April 2014, the business generates a turnover in the region of 232,000 per annum, with a good gross profit.
Our client offers a wide variety of convenience items including groceries, confectionery, tobacco products, pet food, alcoholic beverages and greeting cards, to name a few. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
The property is well maintained and fitted to suit the trade with a large sales and display area to the ground floor. The property further benefits from spacious owners' accommodation, with a lounge and kitchen to the ground floor and three generous size bedrooms to the first floor.
We feel the turnover could be increased by the addition of new product lines. A new owner could also embark on a small marketing campaign to highlight the goods and service offered. We are advised that a Lottery terminal has now been installed, which should increase the turnover.
This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Freehold.HOURSThe business operates:
Monday - Saturday: 8.00am - 10.00pm
Sunday: 9.00am - 10.00pmSTAFFThe business is owner run and managed.FINANCIAL PROFILEAccording to accounts ending April 2014, the business generates a turnover in the region of 232,000 per annum, with a good gross profit.
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