Convenience Store plus Post Office in Birmingham For Sale

Situated in a parade, main road trading position, residential, office and commercial area, 50 yards from Main Train Station, WEST MIDLANDS.

Turnover £ 6,500
Post Office £ 30,000
Price £124,500

Features

Convenience Store Plus Post office Local

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,350 ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with LED lighting. Air conditioning with hot air. Sales counter, EPOS till, modern adjustable shelving, 3m open cool display unit, 2.5m open cool display unit, Coca-Cola fridge, ice cream freezer, Post Office Counter with anti-bandit screen (2 positions). CCTV system (4 cameras, 1 monitor).

Stockroom with deep freezer

Additional stockroom with shelving

Staff toilet with w.c. and wash hand basin

Small Kitchen

Well fitted office

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,500 p.w. Wholesale newsbill £40 p.w. Gross profit 22% approx. POST OFFICE income in the region of £30,000 p.a. approx.

Staff

The business is at present operated by a husband & wife team

Trading Hours

6 Day week
MONDAY - THURSDAY 9 a.m - 5 p.m
FRIDAY 9 a.m - 9p.m
SATURDAY 10 a.m - 9 p.m
In our opinion there is tremendous potential for additional opening hours, if desired.

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £550 per month, comprises:

1 Large Bedroom
Kitchen/lounge.
Bathroom with bath, w.c. and wash hand basin.

ADDITIONAL THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, comprising:

1 Large Bedroom
Kitchen/lounge.
Bathroom with bath, w.c. and wash hand basin.

Outside

Parking space for 3 cars.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £35,000 p.a. for the firstr years with rent review thereafter.

Business Rates from April 2022 £200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £124,500 plus STOCK AT VALUATION (£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 62,250 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote