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Reference G7541

Convenience Store, Off Licence and Newsagent for sale in Birmingham

Convenience Store, Off Licence and Newsagent for sale in Birmingham
Buy a Convenience Store, Off Licence and Newsagent in Birmingham

Location

Situated in a parade, busy road, residential area, BIRMINGHAM, WEST MIDLANDS

Features

Freehold Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

The business has been in the same hands for the past 12 years and there are genuine reasons for sale.

SPACIOUS SINGLE FRONTED SALES SHOP probably in the region of 900/1,000 sq. ft. sales area with non-slip floor, suspended ceiling with concealed lighting & fully equipped including modern adjustable shelving, centre display gondola, counter, electronic cash register with scanning system, 1-7m open cool display unit (comprising 2 units each 3.75m & used for wines & beers), 1-2.5m open cool display unit (used for soft drinks plus water), glass fronted cool display unit (on loan from Coca Cola), photocopier. CCTV system with 9 cameras, 2 monitors plus recording.

Large stockroom with some racking plus secure stockroom
Small kitchen area
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 7,500 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 180 p.w. Gross profit 17.66% shown on accounts. The business is also agents for the sale of on line national lottery tickets plus scratch cards. We understand the on line national lottery terminal was introduced in February, 2016 & is currently providing a commission of approximately 40 p.w. including scratch cards commission. We are further advised that the sales year ending 30th April, 2015 showed 345,281 with a gross profit of 60,969 i.e. 17.66% plus commission received of 1,519 making a total gross profit of 62,498.

Accommodation

The accommodation in the form of a SELF CONTAINED FLAT over is at present let on a shorthold tenancy & provides a rental income of 375 per month, however we understand that vacant possession can be given, if required. The accommodation DOUBLE GLAZED, comprises:

1 Double Bedroom
Bathroom with bath, shower over bath, w.c. & wash hand basin
Large Lounge
Small kitchen with fitted units

Price

TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 250,000 or near offer plus STOCK AT VALUATION (25,000/30,000 approx. can be reduced to approximately 20,000).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

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