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Reference G7706

Supermarket in Birmingham For Sale


Register to see map and to make an appointment Main road trading position, residential area, BIRMINGHAM BIRMINGHAM

Turnover 20,000
Price 185,000 / 650,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence Plus On Line National Lottery

The premises occupy a corner position

SPACIOUS SALES SHOP in the region of 2,000 sq. ft. sales area with tiled floor, suspended ceiling with concealed lighting. The equipment includes modern adjustable shelving, counter, 2 tills with EPOS scanning system, 7.5m open cool display unit (comprising 2 units), 3 glass topped chest display deep freezers, display gondolas etc.

Stockroom
Staff w.c. & wash hand basin

Turnover

WE ARE INFORMED the turnover averages 20,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill 700/800 p.w. We are further advised that the gross profit is in the region of 24%. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of approximately 250 p.w. The business also has Payzone/Paypoint.

Staff

The business is at present operated by the vendor with the assistance of 3 full time staff.

Trading Hours

Monday - Saturday inclusive - 7 a.m. - 11 p.m.
Sunday opening - 10 a.m. - 10 p.m.

Accommodation

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

4 Bedrooms (2 doubles, 2 singles)
Bathroom with bath, shower, w.c. & wash hand basin
Large Lounge
Fitted kitchen

Outside

Yard at rear

Tenure

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20/25 years lease at a rental of 36,000 p.a. exclusive of rates for the first 5 years with rent review at that time and thereafter every 5 years.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 185,000 or near offer plus STOCK AT VALUATION (50,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

OR COMPLETE WITH THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS 650,000 plus STOCK AT VALUATION (50,000 approx)
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 92,500 (lease) 455,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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