Convenience Store for sale in Dudley

Dudley, West Midlands


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, residential area, WEST MIDLANDS

WE ARE INFORMED the turnover averages £9,000/£10,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £450 p.w. We are further advised that the gross profit is in excess of 20%. The business is also agents for the sale of on line national lottery tickets plus scratchcards and we understand this provides a commission of £60/£70 p.w. The business also has an ATM machine and we understand this provides a commission of approximately £70 p.w. The business is also agents for DPD delivery & pick up parcel point & we understand this provides a commission of approximate £25 p.w.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 21 years full repairing and insuring lease at a rental of £15,600 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years. (Please note the vendors are prepared to discuss granting a shorter lease, if desired).

Uniform Business Rates: £5,000 p.a. approx.

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 7.30 a.m. - 9 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION (£25,000/£30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £95,000
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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