Business for Sale in Birmingham, West Midlands - NEWSAGENTS & CONVENIENCE STORE – GREAT BARR, BIRMINGHAM - Freehold: £235,000 Leasehold: £49,500

Key Information

Ref
GT33499K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Freehold, Leasehold
Status
For Sale
Weekly Sales
£5,000 Inc Vat
Accomodation
2 Bedrooms
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Unopposed News & Convenience Store in a Good Residential Area

Well Presented Shop, around 540 sq. ft. Sales Area

Taking £5,000 per week with a Consistent Recent Trading History

Plus Commissions from Lotto, PayPoint, ATM and Dry Cleaning Agency

Plus Rental Income from Self-Contained Flat with 2 Bedrooms

Huge Potential For Alcohol Sales

Freehold Price £235,000

Leasehold Price £49,500

Description and Trade:

A long established Convenience Store situated in a good residential area of Great Barr. This Business has been in the current owners’ hands for over 11 years and enjoys a consistent trading history selling General Groceries, Newspapers and Magazines, Greetings Cards and Sundry lines.

In addition Commission Income is earned from the sale of National Lottery tickets, in-store ATM, PayPoint electronic payments service and a Dry Cleaning Agency.

Premises:

The modern and well-fitted Sales Area (around 540 sq. ft.) has a suspended ceiling and tiled floor, fully fitted wall and double sided gondola shelving. Fixtures and fittings include ice cream freezer, greetings cards stands, chilled drinks cabinets, dairy deck, chest freezers, checkout counter with price scanning cash register.

Rear Stock Room and w.c.

There is a Yard and Storage Shed to the rear of the property.

The Premises are protected with CCTV system, and security shutter to front windows.

Living Accommodation:

Above the shop, with access via an external metal staircase, is the self-contained Flat.

Living Room; Kitchen; Shower Room with w.c; Two Double Bedrooms.

The Flat is centrally heated and double-glazed.

The accommodation is let and earning £400 per month (£4,800 per annum) in rental income.

Comments:

An opportunity to acquire a very attractive and well-presented Convenience Store with a consistent trading history.

Huge potential exists to increase sales and profits by introducing the sale of beers, wines and spirits (subject to planning approval), and extending trading hours.

Our Client Informs Us That:

Takings and Profitability:

Retail Sales are, on average, around £5,000 per week. Trading accounts show Gross Profit margin of 17.7%.

Commission Income approaching £3,500 is earned from from Lotto ticket sales, fee paying ATM, PayPoint electronic payment service and Dry Cleaning agency.

Trading Hours:

7.00am – 7.00pm Monday to Saturday.

7.00am – 6.00pm Sunday.

Staff:

The Business is operated by the owner with the help of part-time staff as required.

Tenure and Price:

£235,000 plus stock at valuation for the freehold property, business, fixtures and fittings.

Or £49,500 for a new negotiable-term lease. Commencing rent £12,500 per annum with 3-yearly review dates.

Copyright © EM & F Group Limited 2018 - Company No: 03035561 - VAT: 631 4000 02