Business for Sale in Birmingham, West Midlands - CONVENIENCE STORE IN NORTHFIELD BIRMINGHAM - Leasehold: £65,000

Key Information

Ref
GOT33492K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£7,500 Inc Vat
Accomodation
4 Bedrooms
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Prominent Main Road Trading Location

Modern & Well Fitted & Presented Store

c.930 Square Foot Sales Area

Same Owners Since 1988

Spacious 4 Bedroom Family Accommodation

£65,000 Leasehold

Description and Trade:

Having a prominent corner sited location on a very busy main road in Northfield, and situated in a pleasant private residential area. It has a wide forecourt with frontage parking and unrestricted side street parking.

The trade is that of general groceries, news and off licence products etc, and has the benefit of being a National Lottery outlet.

Premises:

The Attractively presented and modern Sales Area (c. 930 square foot) has a suspended ceiling with concealed lighting and terrazzo type flooring. Fixtures and fittings include fully fitted wall shelving, three runs of double sided gondola shelving, news display racking, run of greetings card display cabinets, large chest freezer, ice cream freezer, ample refrigerated self serve cabinets, serveover checkout with cash register etc. CCTV is installed.

Leading to Stock Room 1 (5.6m x 1.7m); Stock Room 2 (4.9m x 3.3m); Office; w.c facilities. There is also a Cellar.

Accommodation (not inspected by Agent):

The self-contained accommodation is centrally heated and double glazed briefly comprising: Lounge; Kitchen; two double Bedrooms; two single Bedrooms; Bathroom.

The accommodation is currently producing valuable rental income of £6,000 per annum.

Comments:

A superior and well fitted convenience store, having a desirable trading location, that has been in the present owner’s hands since 1988, and having an excellent trading history.

Our Client Informs Us That:

Takings and Profitability:

Retail takings are around £7,500 per week. Latest accounts show a healthy gross profit of £85,643 which includes commission income from lottery, paypoint and cash machine.

The weekly newsbill at cost is about £250, all being counter trade.

Trading Hours:

7.00am – 9.00pm Monday to Saturday

8.00am – 5.00pm Sunday

Staff:

The business is family operated with the help of one part time assistant.

Tenure:

Leasehold. A new lease will be offered at a commencing rent of £18,000 per annum for the business premises and accommodation or £14,000 per annum for the business premises only.

Price:

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

PLEASE NOTE: The freehold property may be available.

Copyright © EM & F Group Limited 2018 - Company No: 03035561 - VAT: 631 4000 02