Convenience Store and Off Licence in Birmingham For Sale

Situated in a Parade, excellent trading position, residential, office and commercial area, BIRMINGHAM

Turnover £ 2,500
Price £50,000

Features

Convenience Store with off Licence

DOUBLE FRONTED PREMISES in the region of 515 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, suspended ceiling with LED Panel lights, sales counter, EPOS till, cigarette gantry, modern adjustable shelving, open cool display unit (2 metres), Redbull Fridge, 2 x drinks display fridge (glass fronted upright double-door), drinks display fridge (glass fronted upright), 2 x walls Ice Cream Freezer, CCTV system (8 cameras, 1 monitor).

Small Stock room.
Staff Toilet with w.c. and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,500 p.w. with a Gross profit of 30% approx.

Staff

The business is at present operated by the vendor with the assistance of 1 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY 8am - 9pm
FRIDAY & SATURDAY 8am - 10pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

3 Bedrooms (2 double, 1 Single).
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £21,600 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION (£6,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 25,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote