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: MH524012
Property Ref/Agent: 12838-city-centre-african-caribbean-grocery-store
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe welcomes to the market Mamas African Caribbean. The store was originally established by our client in 2006. The owner is now reluctantly looking to sell the business due to the desire to take a well-deserved retirement.
The store runs as an African Caribbean grocery store selling a vast range of wonderful products. This is a vibrant store that is popular with the African Caribbean community in the area. The store sells fresh fruit and vegetables, tinned products, bagged spices, sauces, snacks and more.
This is a popular business that generates an advised turnover of around 144,000 per annum. This is a great turnover that we feel could be increased further. The new owner could look to offer a loyalty scheme, the store sees a generous amount of repeat loyal trade; however, with a loyalty scheme the owner could see a large increase in custom. Offering deliveries to the local area could also allow this store to further stand out from its competitors.
This premise has potential to be run as a convenience store, off licence or a newsagents. There is a huge scope for this business that should not be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 20 years
Remaining lease length: 5 years as of 2016.
Rent: 541 per monthHOURSThe business opening hours-
Monday - Saturday: 9am - 7pm
Sunday: ClosedSTAFFThe business is run and managed by our client.FINANCIAL PROFILEThe business generates a turnover in the region of 144,000 per annum.
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