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Reference G7933

Convenience Store with Post Office in Birmingham For Sale

Convenience Store with Post Office in Birmingham For Sale
Buy a Convenience Store with Post Office in Birmingham For Sale Sell a Convenience Store with Post Office in Birmingham For Sale Convenience Store with Post Office in Birmingham For Sale for Sale

Register to see map and to make an appointment Large residential & commercial area, BIRMINGHAM

Turnover 14,000
Post Office 20,000
Price 155,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence with Post office Local

We understand the business has been in the same hands for approximately 32 years & there are genuine reasons for sale.

PARKING IN FRONT OF SHOP FOR 6 CARS

SPACIOUS SALES SHOP in the region of 1,800 sq. ft. sales area. Tiled floor, fluorescent lighting. 2 air conditioning/heating units. The equipment includes counter with 2 electronic cash registers plus post office combination counter, 6 glass topped chest deep freezers, 1 single door glass fronted fridge, 5 double door glass fronted display fridges (3 owned plus 2 on loan from Pepsi Cola), modern adjustable shelving, display gondolas etc.

2 stockrooms

Turnover

WE ARE INFORMED the turnover currently averages 14,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 500/600 p.w. We understand the gross profit is in the region of 20%. Post Office income in the region of 20,000 p.a. approx. We are further advised that the sales year ending 31st December, 2017 showed sales of 636,895 with a gross profit of 116,016 with a net profit of 63,998 plus post office income in the region of 15,000 providing an overall net profit for the year of in the region of 84,000.

Staff

At present operated by the vendor with the assistance of his wife when required plus the vendor's son & his wife on a full time basis.

Trading Hours

6 a.m. - 8 p.m. seven days per week
(We understand the post office section operates from 8 a.m. - 6 p.m. Monday - Saturday inclusive with Sunday opening from 10 a.m. - 4 p.m).

Outside

Large yard at rear with parking for 3 cars plus barbecue area.

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant in respect of the ground floor shop premises a new 20 years full repairing and insuring lease at a rental of 22,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 8,000 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 32 YEARS AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 155,000 plus STOCK AT VALUATION (in the region of 50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 77,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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