Preferred Commercial are delighted to offer for sale Wood End News 4 Wood End Road Wednesfield Wolverhampton West Midlands WV11 1NR at an instructed asking price of £190,000 Freehold.
Wood End News occupies substantial 2-storey premises, ideally located in a densely poulated residential area of Wednesfield, West Midlands. The premises benefits from ample off-street parking and are surrounded by a variety of complementary shops and businesses. Wednesfield town centre is just a short distance away and boasts a number of amenities. The area is well-served by public transport with a number of bus stops within easy walking distance and the railway station just over 2 miles away. The town is a desirable place in which to live and work and is popular with commuters due to its excellent road links across the region. Wolverhampton city centre lies 3 miles away, while Birmingham is approximately 14 miles away.
Preferred Commercial is delighted to offer for sale this busy convenience store, which was established by our client in 2004 and which is only now being offered to the market due to our clients ill health. The business trades 7 days a week and generates a turnover in the region of £234,000 per annum with a gross profit of 25%. Wood End News offers general CTN lines, convenience lines, alcohol, the Health Lottery, PayPoint and Payzone facilities and newspaper rounds. We feel the turnover could be further increased by extending the range of products available, such as fruit and veg and hot and cold snacks. The business has a loyal customer base and enjoys much repeat trade from the locale. The premises are well-equipped to suit the trade and have been finished to a high standard throughout. To the first floor is a self-contained 2-bedroom flat, which is let out to generate an additional income of £80 per week. This is an ideal opportunity to acquire an already busy convenience store with a 2-bedroom self-contained flat and scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.
To view this business contact Rod Burney Director of Preferred Commercial or a member of the sales team on Tel:08448 711484 and Quote Ref:2789