Newsagent and Convenience Store in West Midlands

Dudley, West Midlands, England

Advert Ref: 2095

Business Description

Preferred Commercial is pleased to offer for sale this busy newsagent, convenience store and off licence business, which was established in 2000 and has been operated by our clients since 2007. The business is now offered to the market due to a change in our clients' family circumstances. The premises are 'Lifestyle Express' branded and well-equipped to suit the trade. The business trades seven days per week and generates a turnover in the region of £468,000 per annum with a gross profit of 25%, derived from general CTN supplies and alcohol sales. Our clients also offer Lottery tickets, Pay Zone and MoneyGram services. We feel there is further scope to expand the business by extending the stock of available convenience items, re-introducing the hot food sales counter and the new owner could also introduce newspaper delivery rounds. This is a good opportunity to acquire a busy and profitable business in a town centre location. Early negotiations with Preferred Commercial are highly recommended.

Business Status

Sold

Property

Leasehold

Lease Terms

Leasehold Original length: 10 years Remaining: 7 years Review: every 5 years Rent: £23,500 per annum

Location

High Street News occupies large retail premises ideally located in the centre of Dudley, West Midlands. The business is set in a prime position, surrounded by a wide range of town centre shops and enjoys a high daily footfall. There is free on-street car parking in the vicinity and there is a bus stop within easy walking distance. The premises enjoy easy access to all the local town centre roads with the A461 less than a half mile away. Junction 2 of the M5 motorway is approximately 4 miles away, which leads to the M6 motorway. Dudley is set between Wolverhampton, 6 miles to the north and Birmingham, 9 miles to the east.

Premises Details

Lock-up retail premises with CCTV and alarm system in a town centre location. Briefly comprising: Ground Floor • Large sales area with tiled flooring, diffused lighting, air conditioning, shelving and racking displays to suit trade, 2 x 2-metre 'Coca Cola' chillers, photocopier/fax machine, double chiller, card spinner, 2-metre card display, 3-metre confectionery display, 4-metre magazine display, Lotto stand, open chiller, dairy chiller, large retail counter with 2 serving positions with EPOS cash registers, Lottery scratch card display and cigarette gantry to rear • Store room with shelving First Floor • Kitchen area with fitted units and stainless steel sink unit • WC with wash basin • Lounge/storage area • Rear exit door to car park External • Glazed frontage onto main street • 3 x car parking space to rear of shop

Trading Hours

Mon - Thurs: 7.30am to 7.00pm Fri & Sat: 7.30am to 7.30pm Sun: 9.30am to 2.00pm

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.

Please complete the form to the right and click on the Submit button below. The Agent will be in touch with you ASAP.