Business for Sale in Birmingham, West Midlands - NEWSAGENTS & CONVENIENCE STORE – GREAT BARR, BIRMINGHAM - Freehold: £240,000

Key Information

Ref
GT33764K
Type
Retail Businesses: Convenience Stores
Location
England: West Midlands
Tenure
Freehold
Status
For Sale
Weekly Sales
£7,500 Inc Vat
Accomodation
2 Bedrooms
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In a Good Residential Area

Well Presented Shop, around 630 sq. ft. Sales Area

Taking £7,500 per week with a Consistent Recent Trading History

Plus Commissions from Lotto, PayZone and Dry Cleaning Agency

Plus Rental Income from Self-Contained Flat with 2 Bedrooms

Huge Potential For Alcohol Sales

Freehold Price £240,000

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 24 years and enjoys a consistent trading history selling Newspapers and Magazines, General Groceries, Greetings Cards and Sundry lines.

In addition Commission Income is earned from the sale of National Lottery tickets, PayZone electronic payments service and a Dry Cleaning Agency.

Premises:

The modern and well-fitted Sales Area (around 630 sq. ft.) has a suspended ceiling. Fully fitted with wall and double sided gondola shelving. Fixtures and fittings include ice cream freezer, chilled drinks cabinets, greetings cards display stands. checkout counter with cash register.

Rear Stock Rooms with Kitchen and w.c.

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

Living Accommodation:

Above the shop is the self-contained Flat.

The Flat is let and earning rental income of £110 per week (£5,720 per annum).

Comments:

An opportunity to acquire a very attractive and well-presented Newsagents and 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 the range of General Groceries.

Our Client Informs Us That:

Takings and Profitability:

Retail Sales are, on average, around £7,500 per week. Trading accounts for year ended 2017 show Net Sales of £315,784 and Gross Profits of £54,313.

Commission Income of £6,200 is earned from Lotto ticket sales, PayZone electronic payment service and Dry Cleaning agency.

The weekly News Bill is around £1,200, with some news delivery rounds in operation.

Trading Hours:

5.00am – 6.00pm Monday to Saturday.

7.00am – 1.00pm Sunday.

Staff:

The Business is operated by family members with the help of one assistant.

Tenure and Price:

£240,000 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