Convenience Stores for sale in West Midlands

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CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE in WEST MIDLANDS

West Midlands, England

  • Leasehold Price: £43,000
Seller Reference: F7844
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Business Description
 
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Seller Reference: F7844
Request Details
Business Description
WELL ESTABLISHED SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE

* Self Service Convenience Store with Full Free Off Licence

* Established 25 years

* Sought after Birmingham City

* Existing lease

* Rent - £16,000

* No rates payable (at present)

Unique opportunity to lease this double fronted, busy Licensed Convenience Store on a busy main road close to residential area, factories, football ground, train station, schools and park. Situated at end of parade, nearby shop include fish and chip shop, pizza takeaway. There is plenty of parking space in front of shop for customers.

The store is well established for over 25 years and in the hands of the current owners since 2012 and now on the market due to relocating.

Excellent rent only £16,000 p.a. exclusive of rates for shop and flat above under a current renewable lease having 15 years remaining.

Uniform Business Rates: Nil payable at present after small business relief

The store was extensively refitted in 2014 with new shelving, counter, suspended ceiling etc. Shop comes with 2 stockrooms, staff toilet. Fully alarmed and has CCTV system throughout.

The store is Payzone appointed and with on-site cash machine (on contract) and UPS parcel service.

Included in the sale is 1 cigarette gantry with doors, 2 large double door beer fridges, 2 single door drinks fridge, 2 double door drinks fridge, 1 upright freeze, 1 large ice cream freezer and 2 open fridges. CCTV installed with 4 cameras, 2 electronic cash registers - 1 with EPOS system, brand new shelving, large magazine display shelving, news display stand, greeting card display stands etc.

The FLAT is partially occupied by the vendor, does require some redecoration, however as terrific potential to be utilized by the owner, staff or indeed has potential to be sub-let. We understand that the current market rent value is in the region of £950 per month. The flat comprises:

Downstairs
Kitchen
Spare Room
Bathroom with bath, w.c.

First Floor
Living Room
4 Double Bedrooms plus 2 single bedrooms
Bathroom with bath, shower

THE SHOP enjoys good turnover. It can be further increased by introducing national lottery, bus pass terminal & opening longer hours. (Shop licensed to open from 6 a.m. - 11 p.m. each day - scope to take 24 hour license from Council in future).

Tenure:
Leasehold
Listed by:
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