Traditional Post Office, Card Shop, Stationers and Confectioners in Birmingham For Sale

Situated in one of Birminghams busiest thoroughfares, with many small & larger businesses, banks, fast food chains & general retail, BIRMINGHAM, WEST MIDLANDS.

Turnover £ 500
Post Office £ 150,000
Price £150,000

Features

Post office with Cards, Stationery, Confectionary, National Lottery, Paypoint

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,410 ft² with ELECTRIC SHUTTERS. CCTV (8 cameras). Non-slip vinyl floor, suspended ceiling with spo lights. Fortress counter (3 positions), combi counter, racked shelving, electric cash register, photobooth (on lease), photocopier, soft drinks fridge.

Storeroom

KITCHEN with sink, fridge and microwave

Staff cloakroom with toilet and sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £500 p.w. with a gross profit of 50% approx. POST OFFICE income in the region of £150,000 p.a. approx. We are advised the post office undertakes DVLA road tax. Lottery commission in the region of £150 per week

Staff

The business is at present operated by the vendor's wife with 3 full time staff plus the assistance of 1 part time staff. We are informed the wage bill averages £1,500 p.w. approx.

Trading Hours

6 Day week
MONDAY - FRIDAY 9 a.m - 6 p.m
SATURDAY 9 a.m -3 p.m

Outside

2 parking spaces to the rear

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2020 with reviews every 3 years (next review 2026) at a current rent of £30,000 p.a.

Business Rates from April 2023 £5,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote