Established Convenience Store & Post Office for Sale – Cannock, Staffordshire

Asking Price

£300,000

Business Type

Convenience Store / Retail Business / Post Office

Tenure

Leasehold

Location

Cannock, Staffordshire
Exact location withheld due to confidentiality.

Business Overview

A rare opportunity to acquire an established and well-positioned convenience retail business with an associated Post Office operation in Cannock, Staffordshire.

The business is offered for sale on a strictly confidential basis and represents an excellent opportunity for an owner-operator, family business, experienced retailer or investor looking for an established trading operation.

The sale includes the goodwill of the business, fixtures and fittings, with stock available at valuation.

The Post Office operation is included, subject to the relevant transfer and approval procedures.

Key Financial Information

Reported weekly turnover: Approximately £18,000

Reported Post Office commission: Approximately £37,500 per annum

Annual rent: £36,000

Shop Size:

• Ground Floor: Approximately 3,492 sq ft

• First Floor: Approximately 3,330 sq ft

Reported business rates: Approximately £6,000 per annum

Number of employees: Approximately 14 staff, comprising a mix of full-time and part-time employees, with the majority being part-time staff.

The current owner is heavily reliant on the experienced staff due to personal circumstances, and the business is therefore largely operated on a day-to-day basis by the existing staff members. This may offer an attractive opportunity for a more hands-on owner-operator to become involved in the business and potentially further develop the operation.

All trading and financial information is based on information supplied by the seller and should be independently verified by prospective purchasers.

Leasehold Details

Leasehold opportunity comprising the ground floor shop and first-floor open space, suitable for storage and business use. The first floor is not a residential flat.

A 20-year extension to the existing lease has previously been indicated in principle, subject to formal landlord approval.

Rent reviews are reported to take place every five years.

Purchasers should satisfy themselves regarding all lease terms through their professional advisers.

Key Selling Points

• Established convenience store business

• Associated Post Office operation

• Strong reported weekly turnover

• Additional Post Office commission income

• Prominent trading location in Cannock

• Ground floor retail premises with first-floor accommodation

• Established staff structure

• Suitable for an owner-operator or family business

• Potential opportunity for an experienced convenience retailer

• Goodwill, fixtures and fittings included

• Stock available at valuation

• Confidential sale protecting the business and staff

Reason for Confidentiality

The precise address and further detailed trading information are withheld during the initial marketing stage in order to protect the confidentiality of the business, its staff and ongoing trading operations.

Further information will be provided to genuine interested parties following an initial confidential enquiry.

Viewing Arrangements

Viewings are strictly by prior appointment only.

Further financial information, business details and the precise location will be made available to genuine interested parties following a confidential discussion.

Contact

Nationwide Properties Commercial

Email or WhatsApp only:

WhatsApp: 07387 187868
Email: sales@nwpcommercials.com

Genuine interested parties can contact us by email or WhatsApp for further information and to arrange a confidential discussion.

Website: www.nwpcommercials.com

Important Notice – Fees

A finder’s fee and/or administration fee may be applicable to the purchaser in connection with this sale. Further details will be provided upon enquiry.

Important Notice

This business advertisement is issued for marketing purposes only and does not constitute an offer, representation, warranty or contract. Information has been supplied by the seller and has not been independently verified. Interested parties should carry out their own investigations and professional due diligence regarding turnover, Post Office income, rent, business rates, lease terms and all other relevant matters. The sale is subject to contract and any required landlord or Post Office approvals.