Convenience Store for sale in Birmingham

Birmingham, West Midlands


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situated in a parade, excellent trading position, BIRMINGHAM

THE VENDOR HAS INFORMED us that the turnover is currently in the region of £14,000 p.w. in our opinion offering further potential to increase in the right hands. Wholesale newsbill £950 p.w. Gross profit 20% approx. In addition the business is agents for the sale of on line national lottery tickets plus scratch cards and we understand this provides a commission of approximately £250 p.w. The business also has Paypoint and we are advised that the commission currently is approximately £320 p.w. We are further advised that the trading & profit & loss acounts for year ending 31st March, 2013 showed sales of £803,740 with a gross profit of £153,911 plus lottery commission & Paypoint commission of £22,917 providing an overall gross profit of £176,828.

We understand the premises are held on a secure renewable lease for a period of 20 years from March, 2013 at a rental of £30,000 p.a. exclusive of rates up to March, 2018, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £8,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

The accommodation in the form of a SELF CONTAINED FLAT over with ELECTRIC HEATERS is partly used for storage & comprises:

2 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Monday - Saturday inclusive - 7 a.m. - 9 p.m.
Sunday opening - 8 a.m. - 7 p.m.

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £99,500 plus STOCK AT VALUATION (£45,000/£50,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £99,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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