Shop

Mailbox Estates offers a property opportunity to acquire a Convenience store which is located on a busy main road.

The store will suit a first-time buyer who is looking to delve into the convenience sector.

REASON FOR SALE:
* Our client first opened the business on December 2024 and is now offering the business for sale due to other business commitments.

THE OPPORTUNITY:
* Main road location
* Ideal for new entrant or existing operator
* Nil business rates
* Brand new store, offering exciting opportunity

LOCATION:
* Situated within a vibrant commercial area in Oldbury, surrounded by schools, local amenities, and a variety of retail businesses, providing a great base for footfall and future growth potential.
*The surrounding area has a mix of residential and business properties, with a local population of over 38,000, according to StreetCheck.co.uk.

TURNOVER:
* We have been advised by our client that the weekly counter sales on average are £2,000 with approx 30% margins.
The store currently does not offer a lottery, but an application has been submitted

FIXTURES AND FITTINGS:
* Staff W/C
* Five channel CCTV
* Jack Daniels drinks Fridge
* Freezer
* Four door drinks fridge

EXTERNAL:
* The store is well presented and maintained, with clear visible signage
* The shop has parking directly outside offering convenience for customers
* LED Lighting

TRADING HOURS:
* Monday - Thursday 6:00am - 11:00pm
* Friday - Saturday 6:00am - 12:00pm
* Sunday 6:00am - 11:00am

STAFF:
* The business is owner-operated by the owner and one part time staff member.

TENURE:
* The site is offered via transfer of the assignment of the existing lease until 2030 with a renewable lease.

RENT:
* Monthly rent is £850.

TRADING INFORMATION:
* Trading information will be made available to genuinely interested parties who have signed a Non Disclosure Agreement and viewed the premises.

LEGAL COSTS:
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are to be shared equally between the buyer and seller.

DEPOSITS:
* Successful Buyer(s) will be required to pay a non-refundable deposit.