£75,000
Retail premises for saleOff License & Convenience B68, West Midlands
3 beds
Business
Leasehold
About this property
Post Office remuneration of £18,200 per annum
20 years family owned
Busy main road junction
Daytime only, so lots of potential
Spacious family accommodation
Post office, convenience and three bedroom residence in Oldbury for Sale.
Busy Post Office, convenience store and family sized residence at one of the busiest crossroads in Oldbury, a market town equidistant between Birmingham and Dudley in the West Midlands. Our clients have owned the business for over 20 years and are now looking toward a well-earned retirement. Offers are sought for the business and property on either a leasehold or freehold basis. Annual retail turnover £136,554 plus a Post Office remuneration of £18,200 per annum. Most recently, the business has been run solely by its two owners on short opening hours and no evenings, leaving a huge opportunity for new owners to extend the opening hours and introduce an off-licence or increase the food offering. Currently, a good portion of the shop is dedicated to the sale of greeting cards which have good profit margins, however a bank of chillers with beverages and foods would prove to be hugely popular given the amount of footfall and vehicle traffic at this junction. Highly prominent corner building within which the Post Office and store occupies a large open plan ground floor area. Fortress Post Office counter. Widely spaced aisles with convenience goods to one side and greeting card displays to the other. Back areas include substantial storage rooms, an office area and rear door leading to a large, enclosed forecourt with carport. Staff kitchenette and WC. There is a separate independent entrance at street level to the accommodation which comprises three double bedrooms, house bathroom, dining kitchen and a colossal lounge, all on the first floor.
Busy Post Office, convenience store and family sized residence at one of the busiest crossroads in Oldbury, a market town equidistant between Birmingham and Dudley in the West Midlands. Our clients have owned the business for over 20 years and are now looking toward a well-earned retirement. Offers are sought for the business and property on either a leasehold or freehold basis. Annual retail turnover £136,554 plus a Post Office remuneration of £18,200 per annum. Most recently, the business has been run solely by its two owners on short opening hours and no evenings, leaving a huge opportunity for new owners to extend the opening hours and introduce an off-licence or increase the food offering. Currently, a good portion of the shop is dedicated to the sale of greeting cards which have good profit margins, however a bank of chillers with beverages and foods would prove to be hugely popular given the amount of footfall and vehicle traffic at this junction. Highly prominent corner building within which the Post Office and store occupies a large open plan ground floor area. Fortress Post Office counter. Widely spaced aisles with convenience goods to one side and greeting card displays to the other. Back areas include substantial storage rooms, an office area and rear door leading to a large, enclosed forecourt with carport. Staff kitchenette and WC. There is a separate independent entrance at street level to the accommodation which comprises three double bedrooms, house bathroom, dining kitchen and a colossal lounge, all on the first floor.
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£375 per month
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