Convenience Store Newsagents And Off Licence For Sale Codsall, Staffordshire, United Kingdom Advert ref: CS866K Business description
This business is located in Codsall, which is in Staffordshire but within three miles of Wolverhampton. The shop is in a well populated area and has been established for many years and with the present owners for two.
During those two years, they have made dramatic changes to the shop and its turnover and it is now a very attractive, clean, well presented shop, with a new extension to the side. It has a dedicated off licence section with a large cooled display cabinet and additional shelving to the sides.
The rest of the shop has shelving to all available walls, a full length central consul with shelving all round, and various other display racks. It has a big open cooled dairy cabinet with five shelves, a double drinks cabinet, an open chest freezer and an ice cream cabinet.
The main sales from this shop are a large range of traditional groceries, plus beer, wines and spirits and cigarettes. Soft drinks are also available as well as sweets, crisps, etc. there is a range of greeting cards and a flourishing newspaper side with three morning rounds, five evening and six on Sunday.
In addition to the main shop, there are several other rooms, one is used for storage and another is a fitted kitchen. There are two other rooms and a toilet.
The business has become much busier since the current owners modernized the shop and added the extension and although we have nor seen the accounts, we are advised that the turnover for this year will exceed £5,000 a week or £260,000 a year.
After deducting the VAT this will result in an accountable turnover of £220,000 and again we are advised that the gross profit averages 30% or £66,000 pa. Therefore based on the overheads supplied by the owners, this should result in a net profit in excess of £30,000 for a working owner.
We understand one person can run this shop if they are prepared to work all of the opening hours, but these figures are based on two part time workers earning approximately £7,000 between them in addition to the paper delivery staff wage bill of £6,000.
Years established: long established two years with the present owners
Employees: Owner plus two part time staff and paper deliverers
Trading hours: 6.45am to 9.00pm Mon to Sat. 8.00am to 6.00pm Sunday
Property: Leasehold
Lease terms
A new lease will be offeed with a rent of £15,000pa.
Living accomodation
Possible small flat above
Location
A single shop in a good quality residential area
Expansion potential
Various areas to expand
Competition / Market
none close
Support & training
Any required
Reasons for selling
Other business interests
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| | Financial details Asking price: £55,000
Sales revenue: £220,000
Net profit: £30,000
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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