The DOUBLE FRONTED SALES SHOP occupies a corner position & we understand has a sales area of approximately 320 sq. ft. with laminated strip floor, suspended ceiling with LED lighting, open cool display unit, 3 single door glass fronted drinks display fridges (2 owned, 1 on loan from Coca Cola), 1 double door glass fronted display fridge (on loan from Coca Cola), counter, electronic cash register.
Cellar used for storage purposes.
Turnover : £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 24%.
TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION (£20,000/£25,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Please note the vendor is also prepared to consider granting a lease in respect of the shop only, including the cellar storage area. The vendor, subject to satisfactory references is prepared to grant a new 15 years full repairing and insuring lease at a rental of £10,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.
ASKING PRICE FOR THE NEW LEASE IN RESPECT OF THE SHOP PREMISES, GOODWILL, FIXTURES & FITTINGS £40,000 plus STOCK AT VALUATION (£20,000/£25,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.
Monday - Friday inclusive - 12 noon - 11 p.m.
Saturday opening - 10.30 a.m. - 11 p.m.
Sunday opening - 10.30 a.m. - 10.30 p.m.
Number of Employees:
The business is at present operated by the vendor with the assistance of his wife on a part time basis plus 1 full time staff employed.
Tenure: Freehold, Leasehold
Number of bedrooms: 2
The accommodation with FULL GAS FIRED CENTRAL HEATING, comprises:
Fully fitted kitchen
2 Double Bedrooms
Fully tiled bathroom with bath, w.c. & wash hand basin (modern suite)
Large living room (it will be appreciated upon inspection that the living room could be used as a third bedroom, if desired)Concrete yard approximately 60' long. Large shed (needs attention)
Occupying a corner position, main road, residential area with school opposite, BIRMINGHAM
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