Business for Sale in Sutton Coldfield, West Midlands - CONVENIENCE STORE - SUTTON COLDFIELD, WEST MIDLANDS - Leasehold: £65,000

Key Information

Ref
GOT33476K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£5,000 Inc Vat
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Call us on 01543 411036

Lovely Location

Well Fitted c.550 Square Foot Sales Area

Husband & Wife Operated, Same Owners Since 1990

Taking c.£5,000 per week

No Evening Trade

Well Presented & Spacious 4 Bedroom Self Contained Accommodation

Leasehold £65,000

Description and Trade:

A corner sited store having a prominent location at a busy road junction in an upmarket residential area of Sutton Coldfield, opposite the entrance to Sutton park, a lovely location.

The trade is that of general grocery, news and off licence products etc.


Premises:

The modern and well fitted Sales Area (11.8m x 4.3m) has a suspended ceiling with concealed lighting, fully fitted wall shelving, double sided gondola shelving, and news display racking. Fixtures and fittings include run of refrigerated self serve dairy products/soft drinks, run of refrigerated off licence products shelving, chest freezer, carousel ice cream freezer, greetings card display unit, serveover checkout with cash register etc. CCTV is installed.

To a spacious Lounge and Kitchen (6.3m x 3.5m) having fully fitted units etc. W.C. facilities off. Internal stairs lead up to Bedroom 1 – double with built in wardrobes and en-suite Shower Room; Bedroom 2 – double with built in wardrobes; Bedroom 3 – single. Stairs up to Bedroom 4 – double.

There is also a dry Cellar and Loft Storage.

Outside is a side yard with access for car parking, and a rear enclosed yard with a large Stock Room.

Comments:

A lovely family operated business having a very desirable location and well presented and spacious four bedroom accommodation. There is definite scope to increase the takings by opening in the evening, especially for off licence products.

Our Client Informs Us That:

Takings and Profitability:

Retail takings are around £5,000 per week. Accounts to year ended November 2015 show sales of £253,837 (ex Vat) with a gross profit of £60,229 (23.7%).

The weekly newsbill at cost is about £1,600 per week and there are four newsrounds.

Trading Hours:

6.00am – 7.00pm Monday to Saturday

6.00am – 4.00pm Sunday

Staff:

Husband and wife operated without staff.

Tenure:

Leasehold. A new negotiable term lease will be offered at a commencing rent of £18,000 per annum for the business and accommodation.

The owner’s ‘may’ consider a freehold sale.

Price:

£65,000 plus stock at valuation for the new lease, business, fixtures and fittings.

Copyright © EMF Group Ltd 2017 Company No: 987654321 - VAT: 111 1234 56