The business has been in the same hands for the past 11 years and there are genuine reasons for sale.
SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 900/1,000 sq. ft. sales area with non-slip floor, suspended ceiling with concealed lighting & fully equipped including modern adjustable shelving, centre display gondola, counter, electronic cash register with scanning system, 1-7m open cool display unit (comprising 2 units each 3.75m & used for wines & beers), 1-2.5m open cool display unit (used for soft drinks plus water), glass fronted cool display unit (on loan from Coca Cola), photocopier. CCTV system with 9 cameras, 2 monitors plus recording.
Large stockroom with some racking plus secure stockroom
Small kitchen area
Staff w.c. & wash hand basin.
Turnover : £7,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £180 p.w. Gross profit 17.66% shown on accounts. The business is also agents for the sale of on line national lottery tickets plus scratch cards. We understand the on line national lottery terminal was introduced in February, 2016 & is currently providing a commission of approximately £40 p.w. including scratch cards commission. We are further advised that the sales year ending 30th April, 2015 showed £345,281 with a gross profit of £60,969 i.e. 17.66% plus commission received of £1,519 making a total gross profit of £62,498.
OFFERS INVITED IN EXCESS OF £250,000 TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS plus STOCK AT VALUATION (£25,000/£30,000 approx. can be reduced to approximately £20,000).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Monday - Saturday inclusive - 8 a.m. - 9 p.m.
Sunday opening - 9 a.m. - 9 p.m.
Number of Employees:
The business is at present operated by 2 partners & no staff are employed
Number of bedrooms: 1
The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy & provides a rental income of £375 per month, however we understand that vacant possession can be given, if required. The accommodation DOUBLE GLAZED, comprises:
1 Double Bedroom
Bathroom with bath, shower over bath, w.c. & wash hand basin
Small kitchen with fitted unitsSecure parking for 1 car
Situated in a parade, busy road, residential area, BIRMINGHAM, WEST MIDLANDS
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