Greengrocers for sale in Birmingham

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Mr & Mrs Neville (Sept 2013)
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Leasehold Price: £69,000 Price Reduced Turnover: £280,000 Gross Profit: £84,000
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Business Description
BUSINESS
Star News & Booze occupies substantial two-storey premises, ideally located in a prime trading position in Birmingham, West Midlands.

The business was established by our clients in 2013 and is only now being offered to the open market due to our clients other business interests. The business operates 7 days per week and generates a turnover in the region of £280,000 per annum, with a gross profit of approximately 30%.

The turnover is generated from the sale of newspapers & magazines, alcohol, tobacco products, chilled foods, household items, pet food, general convenience items, confectionary and lottery scratch cards, to name a few. We are advised that our clients have also applied to offer the Lottery. Our clients also offers 6 daily morning newspaper delivery rounds, which operate 7 days per week. The business also benefits from an ATM machine positioned outside the shop.

The property has been completely refitted to a very high standard and boasts a 2 bedroom flat to the first floor, which could be used as owners accommodation, or let out to generate further income. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base with a high volume of repeat trade.

We feel there is scope to increase the turnover by embarking on a modest marketing campaign to highlight the business and the services offered. A new owner could also extend the shop at the rear of the property.

This is an excellent opportunity for a new owner to take this already thriving business, with a growing turnover, to the next level; therefore early viewing must come highly recommended to avoid disappointment.

LOCATION
Star News & Booze occupies substantial two-storey premises, ideally located in Birmingham, West Midlands. The property is located in a prominent trading position within a parade of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The area of the business is surrounded by densely populated residential areas, from which the business derives much of its trade. The business further benefits from free on street parking to the front of the premises.

Birmingham is a city and metropolitan borough in the West Midlands. It is the largest and most populous British city outside London with 1,092,300 residents. The city is home to five universities, Aston University, University of Birmingham, Birmingham City University, University College Birmingham and Newman University

The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is less than 2 miles away. The area is also well served by the A-roads, with the business being located on the A452, which links to the national A-road and motorway networks. Birmingham city centre is approximately 6 miles away and Wolverhampton is 17½ miles away.

PREMISES
Prominent two-storey premises in an ideal trading location, briefly comprising:

Ground floor with:

Central display aisle.

Perimeter shelving.

2 x three section open chiller units.

Upright single door display freezer.

Upright double door display freezer.

Newspaper and magazine display racking.

Serve over counter with 2 x electronic cash registers.

Confectionary display.

Cigarette gantry.

Lottery scratch card stand.

Rear store room, which is fully racked and shelved with access doors to rear yard area.

First floor with:

2 x double bedrooms.

Living room.

Kitchen.

Bathroom.

External with:

Automatic security shutters to frontage.

21 x camera CCTV system

Monitored alarm system.

Free parking to frontage.

Rear gated yard with vehicle access.

TENURE
We are advised Leasehold:

Original lease length: 15 years

Remaining lease length: 14 years

Review every: 3 years

Rent: £1,000 per month

HOURS
The business is open:

Monday – Sunday: 6.00am – 11.00pm

STAFF
The business is family run.

FINANCIAL PROFILE
The business generates a turnover in the region of £280,000 per annum, with a gross profit of approximately 30%.



Tenure: Leasehold

Listed by: Hilton Smythe
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