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Convenience Store & Post Office in West Midlands For Sale

Convenience Store & Post Office in West Midlands For Sale
Convenience Store & Post Office in West Midlands For Sale Buy a Convenience Store & Post Office in West Midlands For Sale Sell a Convenience Store & Post Office in West Midlands For Sale Convenience Store & Post Office in West Midlands For Sale for Sale Convenience Store & Post Office in West Midlands For Sale for Sale Convenience Store & Post Office in West Midlands For Sale for Sale Convenience Store & Post Office in West Midlands For Sale for Sale Convenience Store & Post Office in West Midlands For Sale for Sale Convenience Store & Post Office in West Midlands For Sale for Sale

Register to see map and to make an appointment Residential area WEST MIDLANDS

Turnover 16,000
Post Office 35,000
Price 210,000

Features

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

PARKING IN FRONT FOR 2 CARS

Semi-Detached Premises. SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,800 sq. ft. sales area, vinyal floor, suspended ceiling with LED lighting. Fully equipped including counter, 2 electronic cash registers with scanning back up office, post office combination counter, 4 open cool display units (2 used for wines & beers whilst the other 2 are used for dairy produce & sandwiches), modern shelving, display gondolas etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 16,000 p.w. in our opinion offering further potential to increase in the right hands. wholesale newsbill 500 p.w. We are advised that the post office income is in the region of 35,000 p.a. including commission in respect of on line national lottery sales & scratchcards.

Staff

At present operated by a manager on a full time basis with the assistance of his wife on a part time basis plus 2 full time & 2 part time staff employed.

Trading Hours

Monday - Saturday inclusive - 6 a.m. - 9 p.m.
Sunday opening - 7 a.m. - 9 p.m.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is a present let on a shorthold tenancy & provides a rental income of 9,000 p.a. we understand vacant possession can be given on completion, if required. The SELF CONTAINED FLAT with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Bedrooms (3 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin
In addition there is a shower room with shower, w.c. & wash hand basin
Lounge
Kitchen

Outside

Garden

Tenure

We understand the entire premises are held on a secure renewable lease, the present lease having approximately 11 years unexpired at a rental of 18,200 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 3 years. (As will be appreciated with the current rental income of 9,000 p.a. in respect of the self contained flat, the net rental payable at the present time is only 9,200 p.a. exclusive of rates).

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 210,000 plus STOCK AT VALUATION (30,000/35,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 105,000 (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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