Status: For Sale
Tenure: Leasehold
Leasehold Rent: £541 per month
Turnover: £144,000
City Centre African Caribbean Grocery StoreCity Centre African Caribbean Grocery StoreCity Centre African Caribbean Grocery StoreCity Centre African Caribbean Grocery StoreCity Centre African Caribbean Grocery Store
£19,950 + SAV

City Centre African Caribbean Grocery Store

For Sale
  • Reference: 12838 H
  • Location: Wolverhampton, West Midlands
Hilton Smythe welcomes to the market Mamas African Caribbean. The store was originally established by our client in 2006. The owner is now reluctantly looking to sell the business due to the desire to take a well-deserved retirement.

The store runs as an African Caribbean grocery store selling a vast range of wonderful products. This is a vibrant store that is popular with the African Caribbean community in the area. The store sells fresh fruit and vegetables, tinned products, bagged spices, sauces, snacks and more.

This is a popular business that generates an advised turnover of around £144,000 per annum. This is a great turnover that we feel could be increased further. The new owner could look to offer a loyalty scheme, the store sees a generous amount of repeat loyal trade; however, with a loyalty scheme the owner could see a large increase in custom. Offering deliveries to the local area could also allow this store to further stand out from its competitors.

This premise has potential to be run as a convenience store, off licence or a newsagents. There is a huge scope for this business that should not be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

TENURE

We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 20 years
Remaining lease length: 5 years as of 2016.
Rent: £541 per month

HOURS

The business opening hours-

Monday - Saturday: 9am - 7pm
Sunday: Closed

STAFF

The business is run and managed by our client.

FINANCIAL PROFILE

The business generates a turnover in the region of £144,000 per annum.
Mamas African Caribbean is located in Wolverhampton, West Midlands.

The business is situated in the bustling city centre of Wolverhampton. This is a busy location that receives high amounts of footfall and passing trade daily. There are two indoor shopping centres close by and a variety of shops around the city. This is a vibrant location for a popular grocery store.

There is a mass of history and heritage in the city, with art galleries, theatres, churches and statues close by. This is a tourist location due to the many events and attractions that are hosted in the city.

There is excellent public transport in the city with a free bus that travels around 4 days a week. There are also many bus stops within walking distance from the store. Wolverhampton train station is just a 5 minute walk away. Surrounding the city are great road connections, the A454 is a two minute drive; this road further connects to the motorway networks.
A well-stocked shop with windows to the front creating a light and airy interior. Suspended ceiling with fluorescent lighting and vinyl flooring make up the premise. The front of the property is well-signed, eye catching to passing trade.

On entrance is the retail space, there is perimeter shelving and the counter is to the rear of the shop. Behind the counter is the wrapping area, this is where fresh foods are packaged.

Equipment included in the sale, is as follows-
Glass fronted drinks chiller.
Glass counter.
Till.
Wrapping equipment.
Glass topped freezer.

Through to the rear of the property is the stock room. This space is a good size with a chest freezer, perimeter shelving and additional floor storage space. There are two toilets just off the store room.

Additional cellar storage space that runs under the property.

Contact us today for more information

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