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Reference G8253

Convenience Store in Birmingham For Sale

Register to see map and to make an appointment Situated in a parade of shops, residential area BIRMINGHAM BIRMINGHAM

Turnover 15,000
Price 149,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

SPACIOUS SINGLE FRONTED SALES SHOP in the region of 1,400 sq. ft. sales area with laminated strip floor, suspended ceiling with concealed lighting & fully equipped including 7m cool display unit with glass fronted doors (used for wines, beers & soft drinks), 1-3.75m open cool display unit (used for dairy produce & milk), shelving, 2 electronic cash registers, counter etc.

Small stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover currently averages 15,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 500 p.w. We are further advised that the gross profit is in the region of 20%. The business is agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 180 p.w. The business also has Paypoint which we understand provides a further commission in the region of 20 p.w.

Staff

The business is at present operated by 1 of the partners with the assistance of 3 full time & 2 part time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 8 p.m.

Accommodation

The SPACIOUS accommodation DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Double Bedrooms
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge
Kitchen with fitted units

Outside

Small yard

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of 22,000 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

Uniform Business Rates: Nil payable after small business relief

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 18 YEARS AND THERE ARE GENUINE REASONS FOR SALE

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 149,000 plus STOCK AT VALUATION (40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 74,500 (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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