Business for Sale in Birmingham, West Midlands - NEWSAGENTS & CONVENIENCE STORE – SHELDON, BIRMINGHAM - Freehold: £349,500

Key Information

Ref
GOT33775K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Freehold
Status
For Sale
Weekly Sales
£3,200 Inc Vat
Accommodation
3 Bedrooms
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Very Busy Main Road Location

c.658 Square Foot Sales Area

Same Owner Since 1990

Family Operated

Huge Scope to Increase Takings

Easy Opening Hours

Freehold Price £349,500

Description and Trade:

A very well presented and modern Parade shop situated on the very busy A45 road with lots of passing traffic. There is frontage road and main road parking.

The trade is that of a limited range of general grocery products, news and off licence products, stationery etc. It is also a National Lottery outlet.

Premises:

The spacious Sales Area (14.3m x 4.3m) has a suspended ceiling with concealed lighting, terrazzo type flooring and is fully fitted with wall and double sided gondola shelving and news display racking. Fixtures and fittings include run of greetings card display cabinets, run of refrigerated drinks shelving, double chest freezer, two double upright drinks chillers, ice cream freezer, serveover checkout with cash register etc. CCTV is installed.

Leading to a Stock Room, small secure Stock Room, Kitchen with w.c. facilities off.

There is a rear yard with parking facility.

Accommodation:

The self-contained accommodation is centrally heated and double glazed comprising: Lounge (6.1m x 4.0m); Kitchen; Bathroom. Stairs up to Bedroom 1 – double; Bedroom 2 – double; Bedroom 3 – single.

Comments:

A modern, well presented business situated on a very busy main road that has been in the present owner’s hands since 1990. The present owner, by his own choice, does not stock any products containing meat, neither tinned, frozen or fresh. Therefore there is huge scope to increase the range of stock offered, and obviously increase takings. There is also scope to open in the evenings and later on Sunday.

Our Client Informs Us That:

Takings and Profitability:

Retail takings are around £3,200 per week with gross margin of over 20%. There is also commission from national lottery sales.

The weekly newsbill at cost is £600/£650.

Trading Hours:

6.15am – 6.30pm Monday to Saturday

7.30am – 1.30pm Sunday

Staff:

The business is completely family operated.

Tenure & Price:

£349,500 plus stock at valuation for the freehold property, business, fixtures and fittings.

Copyright © EM & F Group Limited 2019 - Company No: 03035561 - VAT: 631 4000 02