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Reference C9113

Newsagent & Post Office in Birmingham For Sale

Newsagent & Post Office in Birmingham For Sale
Buy a Newsagent & Post Office in Birmingham For Sale

Register to see map and to make an appointment 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

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