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Reference G7617

Convenience Store and Post Office in Birmingham For Sale

Convenience Store and Post Office in Birmingham For Sale
Buy a Convenience Store and Post Office in Birmingham For Sale Sell a Convenience Store and Post Office in Birmingham For Sale

Register to see map and to make an appointment Situated in a parade, BIRMINGHAM, WEST MIDLANDS

Turnover 8,500
Post Office 38,000
Price 79,950

Features

Spacious Fully Equipped Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence, On Line National Lottery Plus Post office Local

SPACIOUS SALES SHOP with tiled floor, suspended ceiling with lighting. Fully equipped including counter, 2 tills with EPOS scanning system, combination post office counter, 1 3-tier ice cream deep freezer, 1 upright single door chest display deep freezer, 2-3.5m open cool display units (used for soft drinks & dairy produce), 1-2m open cool display unit (used for beers), 1-1m open cool display unit (used for wines), modern adjustable shelving, greeting card display section, display gondola etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 8,500 p.w. in our opinion offering further potential to increase in the right hands. PLEASE NOTE THE PURCHASE OF THIS BUSINESS IS SUBJECT TO ENTERING INTO A FRANCHISE AGREEMENT. FULL DETAILS AVAILABLE UPON REQUEST. Wholesale newsbill 275 p.w. Gross profit 20% approx. We are advised that the post office income is currently in the region of 38,000 p.a. We are further advised that the sales year ending 31st May, 2016 showed sales of 515,953 with a gross profit of 95,054 plus post office income of 37,646 providing a total gross profit year ending May, 2016 of 132,700.

Staff

At present operated by 1 of the partners on a full time basis with the assistance of 5 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Monday - Friday inclusive - 7 a.m. - 9 p.m.
Saturday - 8 a.m. - 9 p.m.
Sunday - 8:30a.m - 8 p.m.

Outside

Shared yard at rear

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of 15,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 440 p.a. approx. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 79,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 39,975 (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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