Business for Sale in Birmingham, West Midlands - LONG ESTABLISHED FREEHOLD CONVENIENCE STORE – ERDINGTON, BIRMINGHAM - Freehold: £350,000

Key Information

Ref
GOT34316K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Freehold
Status
Under Offer
Weekly Sales
£10,000 Inc Vat
Accommodation
3 Bedrooms
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Situated on a Busy Main Road with Lots of Passing Trade

Retail Takings £10,000 per week

Plus Commission Income

Nicely Fitted Modern Store with Comfortable Family Living Accommodation

Freehold Price £350,000

Description and Trade:

This modern Convenience Store has been in the present owners’ hands for over 35 years. The air conditioned Shop is fitted out and refurbished to a very high standard and offers for sale General Groceries, Beers, Wines and Spirits, Newspapers and Magazines, Greetings Cards and Sundry Lines. The Business enjoys a consistent trading history, is well situated on the very busy Kingsbury Road and benefits greatly from lots of passing trade. The Premises have roadside parking to the front.

Premises:

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

The Shop (around 1,000 sq. ft.) has a tiled floor and suspended ceiling. It is well fitted for the trade with double-sided gondola display shelving, wall shelving, chilled display cabinets, chilled display cabinets, chest freezer, greetings cards stand, ice cream freezer, checkout counter with EPOS cash register, coffee machine.

To the rear: large fitted Kitchen/Diner; Shower Room with w.c; Stock Rooms.

On the Upper Floor: Double Bedroom; Single Bedroom; Box Room; w.c; large Living Room.

Door to rear Garden with shared access from the side.

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

Comments:

This is a very attractive business with a consistent recent trading history and comfortable living accommodation.

Potential exists to extend opening hours to take advantage of the sale of more alcohol products in the evening.

The Business is close to the Jaguar Landrover works and other businesses, and benefits from much regular daytime trade from workers.

Trading Hours:

5.30am – 7.30pm Monday to Saturday

5.30am – 12.00 midday Sunday

(Early evening closing times, so lots of potential to extend).

Our Client Informs Us That:

Takings and Profitability:

The Business is currently taking around £10,000 per week.

Trading accounts for year ended May 2018 show net Sales £448,369 and Gross Profits £72,651.

Plus lucrative Commission Income of over £9,000 per annum from the sale of National Lottery tickets,

More potential exists to introduce PayPoint and Parcel Collection services.

Staff:

The Business operated by family members.

Tenure and Price:

£350,000 plus stock at valuation for the Freehold Property, Business, Fixtures and Fittings.

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