Convenience Store with Main Post Office in Birmingham For Sale

Situated end position, busy shopping area with a cluster of retail shops, BIRMINGHAM, WEST MIDLANDS

Turnover £ 5,500
Post Office £ 70,000
Price £110,000

Features

Convenience Store, off Licence, Groceries, Cards, Stationery, Vaping with Main Post office

Customers' parking to front

GENEROUS SHOP PREMISES in the region of 840 ft² with windows and automatic glazed doors creating a light and airy interior. Suspended ceiling with concealed lighting and tiled floors. Perimeter shelving with open chiller and central shelving gondolas. Bespoke sales counter with till, cigarette gantry and lotto terminal, currency exchange, banking services, free ATM machine. The premises are secured by a post office monitored alarm system which is provided free of charge by the post office. There is also a CCTV system in place with internal and external cameras.

Small stock room to the rear with staff toilet and hand wash basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. gross profit 20%. POST OFFICE income in the region of £70,000 p.a. approx. (including lottery). In our opinion having terrific potential to increase, especially with additional opening hours.

Staff

The business is at present operated by a husband & wife team with 1 full time staff plus the assistance of 1 part time staff.

Trading Hours

6 DAY WEEK
Monday – Friday - 8 a.m. - 5.30 p.m.
Saturday - 8.30 a.m. - 2 p.m.
CLOSED SUNDAY

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2017 with reviews every 3 years (next review 2026) at a current rent of £10,000 p.a.

Business Rates from April 2023 £720 approx after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote