Business for sale in United Kingdom - 8850wv convenience store & halal butchers lh£100000 west midlands
| Asking Price: | 100,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 416,000 £ | |||||||||||
| Net Profit: | 0 £ | |||||||||||
| Year Established: | 2006 | |||||||||||
| Employees: | 2FT, 2PT | |||||||||||
| # of family members employed: | Not Disclosed | |||||||||||
| Location criteria: |
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Business types:
Retail
Business categories:
Convenience Stores
Business description
THE BUSINESS
Advent Business Sales have been instructed
to offer for sale this extremely well
established and popular convenience store
and halal butchers.
The current vendor has owned the business
for the past 2 years but is now reluctantly
decided to sell due to growing commitments
by another business venture.
Our client has achieved an enviable local
reputation which is reflected in the turnover
and profitability.
The business offers an extensive range of
convenience and grocery with a high
concentration on Asian and ethnic products.
To further complement the business, a halal
meat butchers counter attracts a further high
level of regular business.
The butchers section is fully equipped and
includes:
• Large and small bandsaw
• Large Mixer
• Mincing machine
• Hand wash basin
• Range of blocks
Stock is currently in the region of approx
£20,000.
There is also a self contained 2 bed flat on
the first floor which generates a monthly
rental of £320.
Ref: 8850WV
STAFF DETAILS
The business is staffed by 2 full time and 2
part time employees which includes the
butcher.
TRADING HOURS
Mon-Sat: 9.00am – 8.00pm
Sun: 10.00am – 6.00pm
EXPANSION POTENTIAL
There is genuine scope to increase trade and
profitability within this business which
should include extending the opening times,
but above all, an owner presence would
benefit the business immensely.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £416,000
Gross Profit: 30%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
A lock up ground floor premises consisting of
the following:
Ground Floor
Main sales area
Outside display area for fresh fruit
and vegetables
Sales counter and cigarette gantry
to the front
Central aisle
Halal meat counter to the rear
Rear access leading to cold storage
areas and external stockrooms
w/c
First Floor
Separate access to living accommodation
2 bedrooms
Family bathroom
Fully fitted kitchen
External
Yard to rear used for loading and
unloading
TENURE: Leasehold
Original lease: 7 years
Remaining lease: 5
Review every: 3
Rent: £800 per month
We are advised that the annual business
rates are currently: £1,710
Additional information
| Additional information: | Not Disclosed |
|---|---|
| Support & training: | Not Disclosed |
| Reasons for selling: | another business venture. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
|---|---|
| Lease: | yes |
| Lease terms: | Leasehold Original lease: 7 years Remaining lease: 5 Review every: 3 Rent: £800 per month We are advised that the annual business rates are currently: £1,710 |
| Location: | Our client occupies a prominent location within a densely populated ethnic area of Wolverhampton. The business benefits from a monopolistic position as there are no halal butchers within a 3 mile radius. The area is easily accessed as it is less then a mile away from the city centre. There are excellent parking facilities with ample street parking in front and around the premises as well as a loading bay to the rear. |
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