The business has been in the same hands for the past 30 years and there are genuine reasons for sale.
PARKING IN FRONT OF SHOP FOR 6 CARS
SPACIOUS SALES SHOP in the region of 1,800 sq. ft. sales area. Tiled floor, fluorescent lighting. 2 air conditioning/heating units. The equipment includes counter with 2 electronic cash registers plus post office combination counter, 6 glass topped chest deep freezers, 1 single door glass fronted fridge, 5 double door glass fronted display fridge (3 owned plus 2 on loan from Pepsi Cola), modern adjustable shelving, display gondolas. Post Office counter with anti-bandit screen (2 positions)..
Turnover : WE ARE INFORMED the turnover is currently £16,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £650 p.w. We are further advised that the sales year ending 31st March, 2015 showed £683,175 with a gross profit of £113,167. The business is now operated as a Post Office Local & we are advised that the income is currently in the region of £18,000 p.a. The net profit shown shows £83,206 plus post office income year ending March, 2014.
TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£80,000 approx. can be reduced)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £750,000 plus STOCK AT VALUATION (£80l000 approx. can be reduced).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
6 a.m. - 8 p.m. seven days per week
(The Sub Post Office hours are at present Monday - Friday - 9 a.m. - 5.30 p.m. Saturday opening - 9 a.m. - 12.30 p.m).
It should be noted that the Sub Post Office will probably become a Post Office Local which will obviously have an adjustment to the post office income.
Number of Employees:
The business is at present operated by a husband & wife team with the assistance of 1 of their sons together with his wife & additional assistance from a second son when required.
Tenure: Freehold, Leasehold
Number of bedrooms: 6
The SPACIOUS accommodation all in GOOD CONDITION, DOUBLE GLAZED & with FULL GAS FIRED CENTRAL HEATING, comprises:
6 Bedrooms (5 doubles, 1 large single)
Fully tiled bathroom with bath, w.c. & wash hand basin
Spacious Lounge with laminated strip foor
Fully fitted kitchen
Large fitted bathroom with bath, shower, w.c. & wash hand basinLarge yard at rear with parking
Location Details: Large residential & commercial area, BIRMINGHAM
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