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 end of parade, residential area, WEST MIDLANDS

WE ARE INFORMED the turnover averages £5,500 p.w. in our opinion offering further potential to increase in the right hands. Gross pofit 20% approx. The business is also agents for the sale of on line national lottery tickets plus scratch cards & we understand this provides a commission of £60/£70 p.w.

The vendor owns the leasehold property and is prepared to grant, subject to satisfactory references, a new 15 years Under-lease at an initial rental of £12,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: Nil payable at present after small business relief

RECOMMENDED FOR EARLY INSPECTIION

The accommodation in the form of a SELF CONTAINED FLAT over, DOUBLE GLAZED however requiring some refurbishment, comprises:

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

Monday - Saturday inclusive - 8 a.m. - 10 p.m.
Sunday opening - 9 a.m. - 9 p.m.

TO INCLUDE THE NEW UNDER-LEASE, GOODWILL, FIXTURES & FITTINGS £59,500 plus STOCK AT VALUATION (£18,000/£20,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Alternatively the vendor is prepared to sell the leasehold property having approximately 19 years unexpired at a ground rent of £13.50 p.a. fixed, no rent revisions.

PRICE TO INCLUDE THE VALUABLE LEASEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £169,000 plus STOCK AT VALUATION (£18,000/£20,000 approx).
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £59,500
Tenure : Leasehold
Status: Available
Sectors:
Convenience Stores
General Stores
Off Licences
Supermarkets
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