Convenience Stores for sale in Birmingham

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Convenience Store with Post Office in West Midlands

Birmingham, West Midlands, England

  • Leasehold Price: £155,000
  • Weekly Turnover: £14,000
Seller Reference: NB-G7933
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Business Description
 
 
 
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Seller Reference: NB-G7933
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Business Description
Nationwide are proud to offer to the market SELF SERVICE CONVENIENCE STORE, COUNTER NEWS, CONFECTIONERY, TOBACCO, FULL FREE OFF LICENCE with POST OFFICE LOCAL. Large residential & commercial area, BIRMINGHAM.

We understand the business has been in the same hands for approximately 32 years & 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 fridges (3 owned plus 2 on loan from Pepsi Cola), modern adjustable shelving, display gondolas etc.

2 stockrooms

Turnover : WE ARE INFORMED the turnover currently averages £14,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £500/£600 p.w. We understand the gross profit is in the region of 20%. Post Office income in the region of £20,000 p.a. approx. We are further advised that the sales year ending 31st December, 2017 showed sales of £636,895 with a gross profit of £116,016 with a net profit of £63,998 plus post office income in the region of £15,000 providing an overall net profit for the year of in the region of £84,000.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £155,000 plus STOCK AT VALUATION (in the region of £50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £155,000 (G7933)

www.NationwideBusinesses.co.uk

Tenure:
Leasehold
Is accommodation included?:
Large yard at rear with parking for 3 cars plus barbecue area.
Listed by:
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