Newsagent & Post Office in Birmingham For Sale

High Street trading position, BIRMINGHAM

Turnover £ 3,500
Post Office £ 91,051
Price £75,000

Features

Spacious Counter News, Confectionery, Tobacco, Greeting Cards with Main Post office

SPACIOUS GROUND & FIRST FLOOR AREA in total approximately 4,140 sq. ft. Amtico tiled floor. 4 open plan post office counters plus 1 fortress & retail counter with combination post office

Ground floor stockroom

Staff w.c.

FIRST FLOOR large storage area

Turnover

WE ARE INFORMED the turnover averages £3,500/£4,000 p.w. in our opinion offering tremendous potential for further development in the right hands. Post office income including lottery commission last year £91,051. We are advised sales last year showed £152,419 with a gross profit of 45%.

Staff

At present operated under management. Staff employed 1 full time manageress plus 1 full time & 2 part time staff.
It will be appreciated upon inspection that with an active husband & wife team, the wage bill could be reduced.

Trading Hours

Operated Monday - Saturday inclusive - 9 a.m. - 5.30 p.m.
NO SUNDAY TRADING

Outside

Loading bay at rear

Tenure

We understand the premises are held on a secure lease, the present lease expiring on the 1st February, 2030 at a current rental of £45,000 p.a. exclusive of rates up to February, 2020 with rent to be agreed thereafter.

Uniform Business Rates: £21,400 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION (£15,000/£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

**THE ASSIGNMENT OF THE LEASE IS SUBJECT TO THE LANDLORD APPROVING REFERENCES AND WE CONFIRM THAT THE LANDLORDS SOLICITORS COSTS ARE TO BE THE RESPONSIBILITY OF A PROSPECTIVE PURCHASER**

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote