Newsagent & Main Post Office in Birmingham For Sale

Situated in a parade, residential area, BIRMINGHAM

Turnover £ 1,100
Post Office £ 100,000
Price £70,000

Features

Counter News, Slight Confectionery with Main Post office

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 2,460 sq. ft. area with Amtico tiled floor. Well equipped including modern shelving.4 open plan post office counters plus 2 fortress positions, in addition the retail counter has a post office combination counter.

Staff cloakroom

Turnover

WE ARE INFORMED the turnover averages £1,100 p.w. in our opinion offering tremendous potential for further increase in the right hands. Post office income last year in the region of £100,000. We are further advised the gross profit is in the regon of 50%.

Staff

At present operated under management. Staff employed 1 full time manager plus 1 full time & 2 part time staff.

Trading Hours

Monday - Friday inclusive - 9 a.m. - 5.30 p.m.
Saturday - 9 a.m. - 12.30 p.m.
NO SUNDAY TRADING

Tenure

We understand the premises are held on a secure renewable lease, the present lease expiring in July, 2025 at a rental of £27,500 p.a. exclusive of rates. We are advised the Landlord is prepared to grant a new lease at terms to be agreed to an approved applicant. Plus service charge of £15,141 p.a.

Uniform Business Rates: £13,750 p.a. approx.

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION (£20,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

**THE ASSIGNMENT OF THE LEASE IS SUBJECT TO THE LANDLORD APPROVING REFERENCES AND WE CONFIRM THAT THE LANDLORDS SOLICITORS COSTS ARE TO BE THE RESPONSIBILITY OF A PROSPECTIVE PURCHASER**

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote