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Reference G8725

Supermarket in Birmingham For Sale

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

Turnover 10,000
Price 100,000

Features

Well Established Self Service Convenience Store, Full Free off Licence

SPACIOUS DOUBLE FRONTED SALES SHOP probably in the region of 1,000 sq. ft. sales area with tiled floor, suspended ceiling with fluorescent lighting & fully equipped including counter, till with EPOS scanning system, 2 glass topped chest display deep freezers, 1 upright deep freezer, ice cream deep freezer, 2-2.75m open cool display units, modern adjustable shelving etc.

2 Stockrooms
Office

Turnover

WE ARE INFORMED the turnover currently averages 10,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised by the owner that the gross profit is in the region of 25%. The business has Payzone which we understand provides a further commissiion of approximately 30 p.w. There is also an internal ATM machine which we understand provides a further revenue of approximately 60 p.w.

Staff

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

Trading Hours

Monday - Saturday inclusive - 7.30 a.m. - 8.30 p.m.
Sunday opening - 8 a.m. - 7 p.m.

Outside

2 garages plus service area at rear providing additional shared car parking

Tenure

The vendor owns the long leasehold property and subject to satisfactory references is prepared to grant a new 12 years full repairing and insuring lease in respect of the shop only at a rental of 12,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 100,000 plus STOCK AT VALUATION (40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 50,000 (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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