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Retail premises for sale

£19,950

32B Queen Street, Wolverhampton WV1

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Property description

Business
Our client is also selling an indoor stall in Bilston, West Midlands; reference 14254 H.

Hilton Smythe welcomes to the market this very well positioned pet shop which we believe from the vendors has current takings of around £2,500 per week and offers great value at its current price. The shop has been run by the current owners for 2 years, who are now looking to pursue other business interests.

This well stocked pet store supplies small animals, birds, cold water and tropical fish along with all accessories including cages, fish tanks, toys, food and bedding serving this heavily populated local community.

We feel an injection of marketing would assist in promoting the business establishing, a website or perhaps hosting an open day at the nearby schools where the children can see and learn about the animals which would pay dividends. Also adding other animals such as reptiles would add to the customer base.

Location
The Pet Shop is located in a central location in Wolverhampton, West Midlands and is a family run business. 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 pet shop.

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 giving access to all areas via the M5.
Premises
An easily managed, but good-sized premises covering around 178 sqm with the main shop area split into 2, widening out to the rear.

Through to the back of the premise is a large storage area, WC, kitchen and rear access for loading.

On the first floor is a very large storage area split into 3 rooms and then access to a large loft which again could be used for further storage etc. This whole area could be further developed if required.

Within the shop is an abundance of shelving and racking, storage bins, fish tanks and small animal cages, together with customer counter and till, scales etc.

Tenure
We are advised that the business is being sold as a leasehold opportunity.

On a 5-year lease, with a current rent payable of £11,436 per annum.
Hours
Monday – Saturday: 9.00 a.M. To 5.30 p.M.

Sunday: Closed
staff
The business is currently run by the owners as a family business.
Financial profile
We are informed by the vendors that the current turnover is around £125,000 per annum.

According to the voa website the current rateable value is £11,250, however the owners inform me that they benefit from small business rate relief so pay no rates.

What Zoopla users think of Wolverhampton

Overall rating:

  • currently 4 stars
Very good - 78% (342 ratings)

Ratings breakdown:

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Nearby transport

  • Wolverhampton (0.3 miles)
  • Coseley (3.2 miles)
  • Bilbrook (3.7 miles)
  • Birmingham International Airport (18.3 miles)
  • Coventry Airport (31.0 miles)
  • East Midlands Airport (37.4 miles)
  • Sharpness Old Docks (61.4 miles)
  • Lydney Harbour (62.7 miles)
  • Woodside Birkenhead Ferry Terminal (67.0 miles)

Nearby schools

View all schools in Wolverhampton
  • Broadmeadow Special School (0.6 miles)
  • Woden Primary School (0.7 miles)
  • West Park Primary School (0.7 miles)
  • West Midlands Construction UTC (0.5 miles)
  • Wolverhampton Vocational Training Centre (1.0 mile)
  • City of Wolverhampton College (1.4 miles)
  • Islamic Preparatory School Wolverhampton (0.7 miles)
  • Wolverhampton Grammar School (1.0 mile)
  • The Royal School, Wolverhampton (1.1 miles)
Note: Distances are straight line measurements

Local info for Wolverhampton

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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