CONVENIENCE STORE HARBORNE. BIRMINGHAM

Price:

Leasehold - £38,000

Turnover:

Seller Ref:

GT26792K

Location:

West Midlands

Business Type:

Retail businesses

See Other:

Newsagents for sale in West Midlands
Convenience stores for sale in West Midlands
Retail businesses for sale in West Midlands

Description:

THE BUSINESS:

Long Established Local Convenience Store
Unopposed Shop in a Residential Area
Taking £3.000 per week
Low Nett Overhead Costs
Lots of Potential for Alcohol Sales
Leasehold Price £38.000

Description and Trade:
A well established and nicely fitted Convenience Store in a residential area of Birmingham. The Shop sells General Groceries. Newspapers & Magazines. Greetings Cards. some Sandwiches. Confectionery and Tobacco products.

Premises:
Sales Area (around 300sq. ft.) with tiled floor and suspended ceiling; Stock Room.Fixtures and fittings include: modern adjustable wall and double-sided gondola display shelving. chilled drinks cabinets. dairy cabinet. ice cream freezer. checkout counter with tobacco gantry and cash register.
The Premises are protected with a CCTV system and burglar alarm system.

Accommodation:
Above the Shop is a self-contained Flat (not inspected by EM&F) with two bedrooms. The Flat is sub-let and providing Rental Income of £500 per month (£6.000 per annum).

Comments:
This is a very nice unopposed shop. We are informed that the Premises have in place an alcohol licence. so there is lots of potential for a new owner to increase sales and profits by introducing beers. wines and spirits.

Our Client Informs Us That:

Takings and Profitability:
The Business is taking around £3.000 per week. with gross profits estimated to be around 25%.
Commission income is earned from a photocopying service and PayZone electronic payments service.
The weekly news bill is £700. with five morning news delivery rounds in operation.

Trading Hours:
Monday to Friday: 6.30am 6.00pm
Saturday: 7.00am 6.00pm
Sunday: 7.00am 3.00pm

Staff:
The Business is operated by family members.

Tenure:
The Premises are held on a 5-year lease from September 2010. Present rent payable is £8.000* per annum.
* Rental Income from the Flat of £6.000 effectively reduces the nett rent payable to just £2.000 per annum.

Price:
£38.000 plus stock at valuation for the Lease. Business. Fixtures and Fittings.

Accommodation:

Yes