Business for Sale in Solihull, West Midlands - MODERN CONVENIENCE STORE – SOLIHULL, WEST MIDLANDS - Leasehold: £65,000

Key Information

Ref
GOT33768K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£7,000 Inc Vat
Accommodation
2 Bedrooms
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640 Square Foot Sales Area

Nice Residential Area

Same Owner Since 2004

Rental Income From 2 Bedroom Self-Contained Accommodation

Leasehold Price £65,000

Description and Trade:

The prominent corner sited store is situated in a parade of six shops in a nice residential area of Solihull.

The trade is that of general groceries, news and off licence products etc. It is a National Lottery outlet.

Premises:

The well-presented and spacious Sales Area (10.3m x 5.7m) has a suspended ceiling with concealed lighting and is fully fitted with wall shelving, two runs of double sided gondola shelving and news display racking. Fixtures and fittings include lots of refrigeration and freezer self-serve units, serveover checkout with cash register etc.CCTV is installed.

Leading to a Stock Room/Office and a Kitchen with w.c. facilities off.

Accommodation (not inspected by Agent):

The self-contained accommodation is double glazed comprising Lounge/Diner, Kitchen, two double Bedrooms, Bathroom.

The accommodation is currently let for an income of £6,600 per annum.

Comments:

A very well established business in a nice residential area that has been in the present owner’s hands since 2004. There is scope to increase takings by extending the evening opening hours, especially on off licence products.

Our Client Informs Us That:

Takings:

Retail takings are around £7,000 per week. There is extra commission income of about £4,000 per annum from lottery, cash machine etc.

The weekly newsbill at cost is around £1,000.

Trading Hours:

7.00am – 8.00pm Monday to Saturday

7.30am – 7.00pm Sunday

Tenure:

Leasehold. We understand that the landlord will offer a new 10-year lease, with 5 yearly review, at a commencing rent of £14,000 per annum for the business and accommodation.

Price:

£65,000 plus stock at valuation for the lease, business, fixtures and fittings.

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