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Freehold Or Leasehold Convenience Store In Telford For Sale

Telford, Shropshire
Freehold Price:
£244,995 Furniture / Fixtures included
Lease Asking Price:
£44,995 Furniture / Fixtures included
Sales Revenue:
£208,000
Cash Flow:
Available on request

Potential To Extend In To Big Store
Annual Turnover £208,000 (Excluding lotto)
Gross Profit £62,400
Freehold and Leasehold Option Available
Established over 40 years with our client owning since 2010
Ill Health Forces Sale
Freehold Option Offers Rental Income £14,400 P/A...
...Which Comes From The Flats
EPC - D

REF 5694 – Freehold Convenience Store & Off Licence

Blacks Brokers are delighted to bring to the market this freehold convenience store and off licence located in the much sought after area of Telford, Shropshire.

INTRODUCTION

Greyhound Stores has been trading for over 40 years, with our client in ownership since 2008. During that time, it has earned an enviable reputation and built a large and loyal client base. The store has a number of income streams, including off licence, payzone, National Lottery and tobacco sales.

LOCATION

Telford is a large new town in the borough of Telford and Wrekin and county of Shropshire. The business is located in the Oakengates area of the town, close to Ketley and this area is well linked by the M54 and A442. The area is a densley populated residential area and the business is next door to Domino’s. Parking is available outside.

REASON FOR SALE

This business is offered for sale due to ill health.

LEASE

This is a freehold proposition, however, a leasehold option is possible, with a new lease to be negotiated with the sale.

BUILDING LAYOUT AND DESIGN

The business is housed within the ground floor of this large, two storey property. The shop is well advertised with signage on display to the front and mainly glazed frontage. Inside, the business is well stocked, well presented and stock is displayed on wall shelving, central gondolas and in display fridges. The counter area is home to the cigarette gantry and National Lottery stand. The storeroom and toilet are located to the rear of the ground floor. All areas are well presented.
Additionally within this impressive building, are two, self contained flats;

Flat 5a Holyhead Road is currently a ground floor flat with one bedroom, kitchen, living room, shower room and is let at a cost of £450 per calendar month.

Flat 5b Holyhead Road is a two bedroom, first floor flat with kitchen, living room and bathroom and is let at a cost of £750 per calendar month.

STAFF

The business is currently operating with one part time member of staff and four full time members of staff.

FINANCIAL DETAILS

The business has traded solidly over it’s long trading history, with an annual turnover of £208,000, Lottery brings £150 per week, newspapers £100 per week and annual gross profits are £62,400. Customers are generally from the local residential area, with some additional trade from passers-by and visitors to the area.

SUMMARY

This business offers a superb opportunity for a new owner to enjoy this long established and busy convenience store, with two self-contained flats within this large property. The business generates strong income from multiple streams and our client offers a variety of purchase options, with or without the freehold. Viewings are recommended as soon as possible to avoid disappointment.

Property information

Property:

Available as freehold and leasehold

Business Operation

Trading hours:

Mon - Sun - 9am - 8.30pm
Business has relevant licenses and permission in place to extend opening hours in order to boost turnover and profitability.

Other Information

Leasehold asking price:
£44,995 - Furniture / Fixtures included

Contact Information

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