Business for Sale in Birmingham, West Midlands - LOCAL CONVENIENCE STORE IN EDGBASTON, BIRMINGHAM - Leasehold: £59,950

Key Information

Ref
GOT34315K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Leasehold
Status
For Sale
Weekly Sales
£8,000 Inc Vat
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Situated on a Busy Main Road with Lots of Passing Trade

Retail Takings £8,000 per week

Plus Commission Income

Nicely Fitted and Recently Refurbished Modern Store

Leasehold Price £59,950 (Offers are Invited)

Description and Trade:

This modern Convenience Store has been in the present owner’s hands for 3 years. The Shop is fitted out and refurbished to a high standard and offers for sale General Groceries, Beers, Wines and Spirits, Greetings Cards, a limited range of Fruit and Vegetables and Sundry Lines. The Business enjoys a consistent trading history and is well situated on the very busy Hagley Road. The Premises have car parking spaces to the front.

Premises:

The Business is situated in a good trading position in a well-supported parade of shops.

The Shop (around 980 sq. ft.) has a suspended ceiling. It is well fitted for the trade with double-sided gondola display shelving, wall shelving, chilled display cabinets, chest freezers, greetings cards stand, ice cream freezer, checkout counter with EPOS cash register, coffee machine.

Spacious rear Stock Room, Office and w.c. Loading Bay and Storage Cellar.

There are car spaces to the rear.

The Premises are protected with roller shutter to front windows and a CCTV system.

Accommodation:

There is no living accommodation.

Comments:

This is a very attractive business with a consistent recent trading history.

Potential exists to:

  • introduce the sale of newspapers & magazines
  • increase the choice of chilled foods
  • extend opening hours to take advantage of the sale of more alcohol products in the evening

There is a high demand for a Post Office due to the recent closure of the post office in the parade.

A £330m regeneration project nearby is due to commence in 2021, and this should increase passing trade and footfall in the area.

Trading Hours:

8.30am – 7.00pm Mondays to Saturday

9.00am – 6.00pm Sunday

(Limited trading hours, so lots of potential).

Our Client Informs Us That:

Takings and Profitability:

The Business is currently taking around £8,000 per week.

Trading accounts for year ended March 2019 show net Sales £205,515 and Gross Profits £46,330 (22.5%).

Commission Income is earned from the sale of National Lottery tickets, PayZone electronic payments and external ATM machine.

More potential exists to introduce PayPoint, Parcel Collection and Money Transfer services.

Staff:

The Business operated by family members.

Tenure:

The Premises are offered on a new negotiable-term lease. Commencing rent relatively low at £14,000 per annum with 3-yearly review dates.

Price:

£59,950 plus stock at valuation (or Offers are invited) for the new Lease, Business, Fixtures and Fittings

Copyright © EM & F Group Limited 2020 - Company No: 03035561 - VAT: 631 4000 02