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 main road trading position, densely populated commercial and residential area, WEST MIDLANDS.

WE ARE INFORMED the turnover averages £30,000 p.w. in our opinion offering further potential to increase in the right hands. We understand the premises have the necessary Premises Licence for the sale of wines, beers and spirits and in our opinion there is potential to introduce the sale of wines, beers and spirits obviously subject to obtaining the necessary Personal Licence. We are advised by the present owners that included in the turnover is approximately £10,000 p.w. in respect of butchery. We are further advised that the overall gross profit is in the region of 25%.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 12 years full repairing and insuring lease at a rental of £80,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £19,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Monday - Saturday inclusive - 8.30 a.m. - 10 p.m.
Sunday opening - 1 p.m. - 7 p.m.

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £215,000 plus STOCK AT VALUATION (£80,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £215,000
Tenure : Leasehold
Status: Available
Sectors:
Butcher shops
Convenience Stores
General Stores
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